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Stock impact report

First look: ArcBest Q4 results [Yahoo! Finance]

ArcBest Corporation (ARCB) 
Last arcbest corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: arcb.com/investor-relations
Company Research Source: Yahoo! Finance
The number included a noncash impairment charge in its asset-light business and other one-off items. Adjusted EPS was 36 cents in the quarter, 97 cents lower year over year and 6 cents below the consensus estimate. Consolidated revenue of $973 million was $6 million ahead of expectations. ArcBest's ( NASDAQ: ARCB ) asset-based unit, which includes less-than-truckload subsidiary ABF Freight, reported a 1% y/y revenue decline to $649 million (revenue per day was down 0.3%). Tonnage per day was up 3% but revenue per hundredweight (yield) was down 3%. A 0.3% increase in weight per shipment combined with a 0.4% decline in length of haul were modest headwinds for yield. Tonnage per day improved on a y/y comparison in each month of the quarter and was 8% higher in January on a preliminary basis. However, January yield was down 8% resulting in flat revenue per day during the month. A 5% increase in weight per shipment, due to a mix shift toward truckload shipments, dragged down the yie Show less Read more
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