NASDAQ$ARCB

ArcBest Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

ArcBest reported record profitability and solidifies position as leading integrated logistics company.

ArcBest reported a Q1 2022 revenue of $1.3 billion, a 61.0 percent increase over Q1 2021. Net income improved to $69.6 million, or $2.68 per diluted share. On a non-GAAP basis, net income was $79.8 million, or $3.08 per diluted share.

  • First quarter 2022 revenue of $1.3 billion increased 61.0 percent over first quarter 2021.
  • Net income improved to $69.6 million, or $2.68 per diluted share. On a non-GAAP basis, first quarter 2022 net income was $79.8 million, or $3.08 per diluted share.
  • Continued significant investments in technology, customer solutions and people to drive revenue growth.
  • Each of ArcBest’s operating segments achieved double-digit percentage revenue growth over the prior year period.

Headline financials

Total Revenue

$1.34B

Previous: $829M+61.0%
EPS (adj)

$3.08

Previous: $1.01+205.0%
Billed Revenue / CWT

$43.70

Previous: $36.09+21.1%
Shipments / Day

19.3K

Previous: 19.3K+0.2%
Tonnage / Day

12.8K

Previous: 12.4K+3.6%
Average Length of Haul (Miles)

1.1K

Previous: 1.1K-1.1%
Capital Expenditures

-$19.5M

Previous: -$9.59M-103.1%
Free Cash Flow

$50.1M

Previous: $13.8M+263.7%
Net Income

$69.6M

Previous: $23.4M+197.8%
Operating Income

$94.9M

Previous: $32.2M+194.9%
Gross Profit

$161K

Previous: $155K+3.9%
Cash & Equivalents

$64.1M

Previous: $302M-78.7%
Total Assets

$2.21B

Previous: $1.77B+25.0%
Stock-Based Comp

$2.76M

Previous: $2.35M+17.4%

Revenue & EPS history

ArcBest · Revenue · Quarterly

$1.34B

Q1 2022+61%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

ArcBest · $1.38B total across 2 segments · Q1 2022

  • Asset-Based
    $705M+26.8%
  • Asset-Light
    $674M+116.3%

Forward guidance

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this press release concerning results for the three months ended March 31, 2022 may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

+4.5%

Avg return

5 days after

+6.0%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+29.4%

Q1 2018

Best reaction

-30.3%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-0.7%+5.4%
Q4 2025+5.9%+28.4%+20.3%
Q3 2025-1.1%-7.1%-0.3%
Q1 2025-4.0%+4.9%+9.2%
Q4 2024+1.2%+1.2%-16.7%
Q3 2024-3.5%+16.0%+10.7%
Q2 2024-13.8%-15.0%-12.6%
Q1 2024-16.3%-11.3%-20.4%
Q4 2023+9.6%+12.3%+14.2%
Q3 2023+26.0%+30.0%+38.3%
Q2 2023-2.1%-2.6%-12.6%
Q1 2023+1.9%+0.1%-3.2%
Q4 2022-4.2%+14.1%+15.3%
Q3 2022-8.0%-7.3%+1.8%
Q2 2022+0.2%-2.3%-0.4%
Q1 2022-1.1%+6.4%-0.9%
Q4 2021+5.7%+1.3%+6.9%
Q3 2021+14.1%+13.6%+7.2%
Q2 2021+9.0%+14.5%+16.6%
Q1 2021+13.5%+20.7%+2.5%
Q4 2020-0.4%+4.6%+35.2%
Q3 2020+8.9%+5.9%+38.6%
Q2 2020-3.8%-2.5%+7.4%
Q1 2020+7.2%+11.7%+28.2%
Q4 2019-11.4%-10.1%-21.3%
Q3 2019+0.0%+7.0%-2.5%
Q2 2019+7.1%+2.7%+5.4%
Q1 2019-0.5%-3.7%-17.4%
Q4 2018-5.7%-5.2%-11.5%
Q3 2018+12.0%+10.8%+8.5%
Q2 2018+2.1%+3.6%+7.7%
Q1 2018+29.4%+28.5%+33.8%
Q4 2017+4.9%-3.8%-7.4%
Q3 2017+5.9%-0.6%+14.2%
Q2 2017+29.3%+18.4%+20.7%
Q1 2017-30.3%-30.7%-25.7%
Q4 2016+0.6%+0.5%-12.2%
Q3 2016+10.9%+19.8%+52.7%
Q2 2016+0.4%-0.3%-0.4%
Q1 2016-14.4%
Q4 2015-12.1%
Q3 2015+2.4%
Q2 2015+2.2%
Q1 2015-4.4%
Q4 2014-4.4%
Q3 2014+8.5%
Q2 2014-20.1%
Q1 2014-0.4%
Q4 2013-2.6%
Q3 2013+2.9%
Q2 2013+19.4%
Q1 2013-3.6%
Q4 2012-1.2%
Q3 2012-15.0%
Q2 2012+1.2%
Q1 2012+1.0%
Q4 2011+1.7%
Q3 2011-1.7%
Q2 2009-1.7%
Q2 2011-2.4%
Q1 2010+7.8%
Q1 2011+1.5%
Q4 2008-4.1%
Q4 2010-4.1%
Q3 2010-1.8%
Q3 2009-1.8%
Q2 2010-6.3%
Q4 2009-6.3%

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