📈 Price History

Ratio Health

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By Category

📊 Peer Medians

About

ArcBest Corporation, an integrated logistics company, provides ground, air, and ocean transportation solutions worldwide. It operates in two segments, Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products. This segment also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The Asset-Light segment provides ground expedite services; third-party transportation brokerage services by sourcing various capacity solutions, including dry van over-the-road, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; less-than-container and full container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to ‘do-it-yourself’ consumer, as well as final mile, time critical, product launch, retail logistics, supply chain optimization, brokered LTL, and trade show shipping services. This segment also offers premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; and international freight transportation with air, ocean, and ground services. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. The company was founded in 1923 and is headquartered in Fort Smith, Arkansas.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding ARCB

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	2.5K	$249K	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Mixed ~ Volatile 4 quarters analysed

Q2 2025

Confident Specific

Management used language like 'disciplined execution', 'strategic investments', 'strength of our strategy' and provided concrete metrics (e.g., 6% daily LTL shipment growth, 4% deferred increases, over 200,000 daily quotes). They acknowledged softness but framed it as an opportunity to outperform through innovation and customer focus.

Q3 2025

Cautious

Management acknowledges a softer macro environment and service challenges but expresses confidence in long-term strategy. Language like 'solid results despite softness' and 'we remain well-positioned' indicates guarded optimism.

Q4 2025

Confident Specific

Management uses confident language such as 'solid results', 'confident in our strategic direction', and 'strong foundation' while providing specific metrics like 5% deferred price increases, $24M in cost savings, and detailed January volume trends. The tone is upbeat and data-driven despite acknowledging persistent macro headwinds.

Q1 2026 latest

Mixed

Management uses confident language about pricing discipline and cost savings ('strongest result since Q3 2022', '$32 million annualized savings') but repeatedly notes the challenging environment ('severe winter weather', 'continued uncertainty', 'difficult to predict' recovery). This creates a tone of cautious optimism.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis for ArcBest appears modestly stronger after this call. The company demonstrated pricing power with 6% deferred increases, the best result in over three years, and delivered cost savings from technology and process improvements that are beginning to materialize. The tightening truckload market provides a favorable backdrop for both Asset-Based and Asset-Light segments. However, the recovery remains uneven, and management hedged on timing, cautioning that demand still below mid-cycle norms. Key metrics to watch next quarter include: (1) continued progression in deferred pricing, (2) tonnage and shipment trends to confirm demand inflection, (3) fuel surcharge recovery timing gaps, and (4) Asset-Light profitability sustaining above breakeven. Execution on cost and pricing will be critical to proving the 2028 targets.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

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3-Statement Financial Model

Bear / Base / Bull projections · DCF fair value · Reverse-DCF

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🎙 Management Tone Mixed ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED ArcBest Q1 2026 revenue $1B, non-GAAP op income $13M, Asset-Based OR 97.3%

Revenue & Profitability

Consolidated Q1 revenue was $1 billion (+3% YoY). Non-GAAP operating income was $13 million (vs $17 million prior year). Adjusted EPS was $0.32 (vs $0.51). Asset-Based operating ratio was 97.3% (up 140bps YoY). Asset-Light non-GAAP operating income was $3 million (improvement of $4 million YoY). The company returned over $10 million to shareholders via share repurchases and dividends.

Outlook

Management sees conditions becoming more constructive, with manufacturing PMI in expansion and truckload capacity tightening due to regulatory enforcement and higher operating costs. However, demand remains below mid-cycle norms and the timing of a broader recovery is uncertain. Headwinds include fuel price volatility, inflation, and continued pressure from housing and automotive sectors. Supply rationalization is progressing, which supports future freight demand.

Growth Drivers

Growth is driven by Asset-Based volume (2% shipment growth in Q1, 5% tonnage growth in April), strong managed solutions (double-digit shipment growth, record quarter), and an expanding digital quote pool for better freight selection. Deferred price increases averaged 6% in Q1. Asset-Light growth is led by managed solutions and early signs of tightening truckload capacity. The sales pipeline is robust and new business wins are improving.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Asset-Based operating ratio was 97.3% in Q1, up 140bps YoY. Sequentially, the company expects a 400-500 basis point improvement in Q2 OR, driven by commercial momentum, pricing initiatives, and fuel impacts. Asset-Light non-GAAP operating income was $3 million in Q1, with Q2 guidance of $1-3 million. Productivity initiatives (e.g., continuous improvement, city route optimization) are improving cost structure. Fuel surcharge mechanisms cover more than fuel costs but create short-term timing differences.

Key Risks

Risks flagged include severe winter weather, higher fuel prices, continued macroeconomic uncertainty, timing of demand recovery, and fuel price volatility causing timing differences between revenue and cost recognition. Inflation and interest rates could pressure housing and automotive sectors. Regulatory enforcement and carrier exits in truckload are tightening capacity but introduce uncertainty. The company notes that demand remains below mid-cycle norms.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-29

Second quarter results showed strong revenue and margin growth, driven by disciplined pricing, heavier freight, and efficiency gains. Organizational restructuring and digital platform launches are expected to generate $40 million in annualized savings and support long-term targets.

Q1 2026 Q1 2026 2026-04-28

Q1 2026 saw revenue growth and steady demand despite weather and fuel headwinds, with strong cost control and digital innovation driving improved efficiency. Asset-Light segment achieved record productivity, and the company remains confident in meeting long-term targets as market conditions improve.

Q4 2025 Q4 2025 2026-01-30

Solid Q4 and full-year results achieved despite freight recession, with growth in LTL shipments and Managed Solutions. AI and tech initiatives drove cost savings and productivity, while disciplined pricing and capital allocation supported financial strength.

Q3 2025 Q3 2025 2025-11-05

Q3 revenue was $1B, with non-GAAP operating income of $50M and adjusted EPS of $1.46. Asset-Based daily shipments grew 4%, while Asset-Light set a record for shipments per day. Q4 guidance reflects continued freight market softness, but long-term targets and capital discipline remain intact.

Q2 2025 Q2 2025 2025-07-30

Q2 2025 revenue reached $1 billion, with shipment growth and operational gains offset by a soft freight market and lower profitability year-over-year. Strategic investments in technology, efficiency, and customer relationships drove cost savings and positioned the company for long-term growth.

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