ArcBest (ARCB) Tops Q3 EPS by 43c, Revenues Beat

ArcBest (NASDAQ: ARCB) reported Q3 EPS of $1.22, $0.43 better than the analyst estimate of $0.79. Revenue for the quarter came in at $795 million versus the consensus estimate of $774.39 million.

• Third quarter 2020 revenue of $795.0 million, and net income of $29.4 million, or $1.11 per diluted share.
• On a non GAAP¹ basis, third quarter 2020 net income was $32.4 million, or $1.22 per diluted share.
• Improving business trends contribute to increased Asset-Based and Asset-Light profitability

"I am incredibly proud of our employees and how they have performed on behalf of customers as we navigate through the pandemic together," said Judy R. McReynolds, chairman, president and CEO of ArcBest. "Throughout the third quarter and into October the ArcBest team, enabled by technology and assured capacity options, is providing much-needed flexibility to customer supply chains while also improving operational efficiency. Our company was built on strong customer relationships and it is our goal to ensure those customers are positioned well to succeed."

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

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