The Latest Breaking News from ArcBest Corp

ArcBest Corp (NASDAQ:ARCB) reported first-quarter FY22 revenue growth of 61% year-over-year to $1.34 billion, beating the consensus of $1.26 billion. Adjusted EPS improved to $3.08 from $1.06 in 1Q21, beating the consensus of $2.15. Sales by segments: Asset-Based $705.31 million (+26.8% Y/Y), and Asset-Light $673.66 million (+116.3% Y/Y). The operating income increased…

ArcBest Corp (NASDAQ:ARCB) reported fourth-quarter revenue growth of 45.2% year-over-year to $1.19 billion, beating the consensus of $1.10 billion. Adjusted EPS improved to $2.79 from $1.03 in 4Q20, beating the consensus of $2.24. Sales by segments: Asset-Based $683.49 million (+23.3% Y/Y), and Asset-Light $541.19 million (+79.7% Y/Y). The operating income increased to $86.94…