ArcBest Announces First Quarter 2024 Results [Yahoo! Finance]
ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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US:NASDAQ Investor Relations:
arcb.com/investor-relations
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Source: Yahoo! Finance
FORT SMITH, Ark., April 30, 2024 BUSINESS WIRE )--ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today reported first quarter 2024 revenue from continuing operations of $1.0 billion, compared to $1.1 billion in the first quarter of 2023. First quarter 2024 operating income from continuing operations was $22.4 million, compared to $21.2 million in the prior year period, and net loss from continuing operations was $2.9 million, or $0.12 per diluted share, compared to net income of $18.8 million, or $0.75 per diluted share, in 2023. Included in the first quarter net loss from continuing operations is a $21.6 million after-tax, noncash impairment charge associated with ArcBest's equity investment in Phantom Auto, which ceased operations during the first quarter of 2024. Excluding certain items in both periods as identified in the attached reconciliation tables, first quarter 2024 non-GAAP operating income from continuing operations was $42.6 million, compared to $51.9 mi
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News
- ArcBest Co. (NASDAQ: ARCB) had its price target lowered by analysts at Stifel Nicolaus from $159.00 to $150.00. They now have a "buy" rating on the stock.MarketBeat
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- ArcBest Co. (NASDAQ: ARCB) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
ARCB
Earnings
- 4/30/24 - Miss
ARCB
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- ARCB's page on the SEC website