NASDAQ$ARCB
ArcBest Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
ArcBest's second quarter 2023 results were announced, demonstrating resilience in a changing market with a focus on efficient operations.
ArcBest reported Q2 2023 revenue of $1.1 billion and net income of $40.4 million, or $1.64 per diluted share. The company is focused on efficient operations and adapting to a rapidly changing market.
- Second quarter net income reached $40.4 million, translating to $1.64 per diluted share.
- Net income from continuing operations was $39.6 million, or $1.60 per diluted share.
- On a non-GAAP basis, net income from continuing operations amounted to $38.0 million, or $1.54 per diluted common share.
- The company is focused on aligning costs with business levels and achieved $3 million of previously announced cost reductions for second quarter 2023.
Headline financials
Revenue & EPS history
ArcBest · Revenue · Quarterly
$1.1B
Revenue by segment
ArcBest · $1.13B total across 2 segments · Q2 2023
- Asset-Based$722M-10.0%63.8%
- Asset-Light$410M-35.1%36.2%
Forward guidance
This document does not contain any forward guidance.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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