ArcBest (ARCB) Tops Q4 EPS by 6c, Miss on Revenues

ArcBest (NASDAQ: ARCB) reported Q4 EPS of $0.42, $0.06 better than the analyst estimate of $0.36. Revenue for the quarter came in at $710.7 million versus the consensus estimate of $721.13 million.

Results of Operations

Fourth Quarter 2017 Versus Fourth Quarter 2016

• Revenue of $497.0 million compared to $482.1 million, a per-day increase of 2.3 percent.
• Tonnage per day decrease of 4.7 percent.
• Shipments per day decrease 8.1 percent.
• Total billed revenue per hundredweight increased 7.6 percent and was positively impacted by Asset-Based pricing initiatives and higher fuel surcharges. Excluding fuel surcharge, the percentage increase on ArcBest\'s Asset-Based LTL freight was in the mid-single digits.
• Operating income of $18.0 million and an operating ratio of 96.4 percent compared to operating income of $7.1 million and an operating ratio of 98.5 percent. On a non-GAAP basis, operating income of $19.4 million and an operating ratio of 96.1 percent compared to operating income of $8.7 million and an operating ratio of 98.2 percent.

For earnings history and earnings-related data on ArcBest (ARCB) click here.

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