NASDAQ$ARCB
ArcBest Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
ArcBest's third quarter results were announced, revealing decreased revenue and operating income compared to the previous year, impacted by noncash lease impairment charges.
ArcBest reported Q3 2023 revenue of $1.1 billion, a decrease from $1.3 billion in Q3 2022. Operating income was $45.1 million, down from $115.3 million, and net income was $34.9 million, or $1.42 per diluted share, compared to $88.6 million, or $3.49 per diluted share in the prior year. Results were impacted by $30.2 million in noncash lease impairment charges.
- Third quarter revenue from continuing operations was $1.1 billion.
- Third quarter operating income from continuing operations was $45.1 million.
- Third quarter net income from continuing operations was $34.9 million, or $1.42 per diluted share.
- Asset-Based operating ratio of 89.9 percent, or 88.8 percent on a non-GAAP basis.
Headline financials
Revenue & EPS history
ArcBest · Revenue · Quarterly
$1.13B
Revenue by segment
ArcBest · $1.16B total across 2 segments · Q3 2023
- Asset-Based$741M-6.4%63.9%
- Asset-Light$419M-30.6%36.1%
Forward guidance
The document does not contain explicit forward guidance. Therefore, this section will be left empty
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 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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