ArcBest® Announces First Quarter 2020 Results

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Go back to ArcBest® Announces First Quarter 2020 Results

ArcBest (ARCB) Tops Q1 EPS by 47c, Revenues Miss

May 5, 2020 6:15 AM EDT

ArcBest (NASDAQ: ARCB) reported Q1 EPS of $0.36, $0.47 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $701.4 million versus the consensus estimate of $706.02 million.

First Quarter Results of Operations Comparisons

Asset-Based

First Quarter 2020 Versus First Quarter 2019

Revenue of $515.7 million compared to $506.1 million, a per-day increase of 0.3 percent.Total tonnage per day increase of 4.6 percent, with a low single-digit percentage increase in LTL-rated tonnage combined with a double-digit percentage increase in TL-rated spot... More