ArcBest Revenue Reaches Record Of $3.093 Billion, Net Income Beats Estimate

Transportation and logistics holding company ArcBest is on a five-year winning streak, with net income between 2014 and 2018 totaling more than $270 million, a far better outcome than the more than $82 million in losses posted between 2008 and 2013.

Full-year net income in 2018 for the Fort Smith-based publicly held company was $103.006 million, ahead of the $59.726 million in 2017, with per share income of $3.86 beating the consensus estimate of $3.78. Including one-time charges of $28.161 million for a multiemployer pension and a $13.512 million settlement on a nonunion pension, net income fell to $67.262 million.

Revenue for the year was $3.093 billion, up from $2.826 billion and the first time revenue topped the $3 billion mark, according to the company’s earning report posted Wednesday (Jan. 30) after the markets closed. The revenue tally narrowly topped the consensus estimate of $3.09 billion.   MORE

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