NASDAQ$ARCB

ArcBest Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

ArcBest achieved record results driven by successful growth strategy.

ArcBest reported record third quarter revenue of $1.0 billion, a 27.9% increase over the prior year. Net income improved to $63.7 million, or $2.38 per diluted share, and on a non-GAAP basis, net income was $69.2 million, or $2.59 per diluted share. The company's strategic vision and investments in innovation, technology, and logistics solutions drove the superior performance.

  • Third quarter revenue reached $1.0 billion, representing a 27.9 percent increase compared to the third quarter of 2020.
  • Net income increased to $63.7 million, or $2.38 per diluted share.
  • Non-GAAP net income for the third quarter was $69.2 million, or $2.59 per diluted share.
  • ArcBest achieved the highest quarterly revenue and operating income in its history.

Headline financials

Total Revenue

$1.02B

Previous: $795M+27.9%
EPS (adj)

$2.59

Previous: $1.22+112.3%
Billed Revenue / CWT

$41.79

Previous: $35.69+17.1%
Shipments / Day

19.5K

Previous: 19.4K+0.5%
Tonnage / Day

12.7K

Previous: 12.4K+2.4%
Average Length of Haul (Miles)

1.1K

Previous: 1.1K+0.2%
Billed Revenue / Shipment

$542.38

No prior period
Capital Expenditures

-$43.5M

Previous: -$20.1M-116.0%
Free Cash Flow

$20.2M

Previous: $9.26M+118.0%
Net Income

$63.7M

Previous: $29.4M+116.6%
Operating Income

$87.6M

Previous: $39.8M+120.1%
Gross Profit

$157K

Previous: $120K+30.8%
Cash & Equivalents

$408M

Previous: $268M+52.5%
Total Assets

$1.96B

Previous: $1.75B+12.4%
Stock-Based Comp

$2.89M

Previous: $2.89M+0.1%

Revenue & EPS history

ArcBest · Revenue · Quarterly

$1.02B

Q3 2021+27.9%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

ArcBest · $1.05B total across 2 segments · Q3 2021

  • Asset-Based
    $681M+21.2%
  • Asset-Light
    $372M+38.8%

Forward guidance

ArcBest is focused on continuing to successfully execute its growth strategy and creating sustainable value for its stakeholders, including its shareholders.

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 Q3 2021

Historical avgQ3 2021

+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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