NASDAQ$ARCB

ArcBest Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced solid third quarter 2022 results with double-digit percentage revenue growth in each operating segment.

ArcBest reported Q3 2022 revenue of $1.4 billion, a 33.0 percent increase over Q3 2021. Net income improved to $88.8 million, or $3.50 per diluted share. On a non-GAAP basis, net income was $96.4 million, or $3.80 per diluted share.

  • Third quarter 2022 revenue of $1.4 billion increased 33.0 percent over third quarter 2021.
  • Net income improved to $88.8 million, or $3.50 per diluted share.
  • On a non-GAAP basis, third quarter 2022 net income was $96.4 million, or $3.80 per diluted share.
  • On track to deliver record annual revenues in 2022.

Headline financials

Total Revenue

$1.35B

Previous: $1.02B+33.0%
EPS (adj)

$3.80

Previous: $2.59+46.7%
Billed Revenue / CWT

$46.42

Previous: $41.79+11.1%
Shipments / Day

20.1K

Previous: 19.5K+2.8%
Tonnage / Day

13.2K

Previous: 12.7K+4.4%
Average Length of Haul (Miles)

1.1K

Previous: 1.1K+0.2%
Capital Expenditures

-$76.1M

Previous: -$43.5M-74.8%
Free Cash Flow

$12.8M

Previous: $20.2M-36.7%
Net Income

$88.8M

Previous: $63.7M+39.5%
Operating Income

$116M

Previous: $87.6M+32.2%
Gross Profit

$286K

Previous: $157K+82.2%
Cash & Equivalents

$156M

Previous: $408M-61.9%
Total Assets

$2.44B

Previous: $1.96B+24.3%
Stock-Based Comp

$3.18M

Previous: $2.89M+9.9%

Revenue & EPS history

ArcBest · Revenue · Quarterly

$1.35B

Q3 2022+33%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

ArcBest · $1.4B total across 2 segments · Q3 2022

  • Asset-Based
    $792M+16.2%
  • Asset-Light
    $605M+62.6%

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 2022

Historical avgQ3 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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