ArcBest (ARCB) Tops Q2 EPS by 9c, Revenues In-Line

ArcBest (NASDAQ: ARCB) reported Q2 EPS of $0.57, $0.09 better than the analyst estimate of $0.48. Revenue for the quarter came in at $720.4 million versus the consensus estimate of $720.54 million.

Second Quarter 2017 Versus Second Quarter 2016

• Revenue of $514.5 million compared to $486.3 million, a per-day increase of 6.7 percent.
• Tonnage per day increase of 0.1 percent.
• Shipments per day increase of 4.4 percent.
• Total billed revenue per hundredweight increased 6.1 percent and was positively impacted by changes in shipment profile 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 $22.2 million and an operating ratio of 95.7 percent compared to operating income of $17.4 million and an operating ratio of 96.4 percent. On a non-GAAP basis, operating income of $22.7 million and an operating ratio of 95.6 percent compared to operating income of $17.8 million and an operating ratio of 96.3 percent.

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

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance
• Birchtech Corp. (BCHT) Misses Q2 EPS by 7c