NASDAQ$ARCB

ArcBest Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

ArcBest's Q4 2019 performance was impacted by weaker demand and a noncash impairment charge, resulting in a net loss, while non-GAAP net income remained positive due to cost-cutting measures.

ArcBest reported Q4 2019 revenue of $717.4 million, a net loss of $5.5 million, or $0.22 per diluted share. However, on a non-GAAP basis, net income was $14.8 million, or $0.56 per diluted share. The asset-based business saw revenue decline due to weaker customer demand, while asset-light results were impacted by a noncash impairment charge.

  • ArcBest reported a Q4 2019 revenue of $717.4 million.
  • The company experienced a net loss of $5.5 million, or $0.22 per diluted share for Q4 2019.
  • Non-GAAP net income for Q4 2019 was $14.8 million, or $0.56 per diluted share.
  • Asset-light segment was impacted by a noncash impairment charge.

Headline financials

Total Revenue

$717M

Previous: $774M-7.3%
EPS (adj)

$0.56

Previous: $1.01-44.6%
Billed Revenue / CWT

$35.62

No prior period
Shipments / Day

19.1K

No prior period
Tonnage / Day

11.7K

No prior period
Average Length of Haul (Miles)

1.0K

No prior period
Capital Expenditures

$21.2M

Previous: $4.74M+346.6%
Free Cash Flow

$11.2M

Previous: $77M-85.5%
Net Income

-$5.55M

Previous: $15.3M-136.3%
Operating Income

-$11.2M

Previous: $37.2M-130.2%
Gross Profit

$44.8M

Previous: $70.9M-36.8%
Cash & Equivalents

$202M

Previous: $190M+6.2%
Total Assets

$1.65B

Previous: $1.54B+7.3%
Stock-Based Comp

$2.26M

Previous: $2.23M+1.2%

Revenue & EPS history

ArcBest · Revenue · Quarterly

$717M

Q4 2019-7.3%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

ArcBest · $750M total across 2 segments · Q4 2019

  • Asset-Based
    $513M
  • Asset-Light
    $237M

Forward guidance

ArcBest anticipates continued strategic evolution through expanded logistics offerings and customer-centric solutions, focusing on deepening customer relationships and enhancing supply chain efficiencies.

Tailwinds

  • Expanded logistics offerings
  • Customer-centric solutions
  • Deepening customer relationships
  • Increased supply chain efficiencies
  • Growth in managed transportation and Retail+ solutions

Headwinds

  • No specific negatives provided in the earnings report.

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 Q4 2019

Historical avgQ4 2019

+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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