Benzinga | May 4, 2021 07:12AM EDT

Recap: ArcBest Q1 Earnings



Shares of ArcBest (NASDAQ:ARCB) remained unaffected after the company reported Q1 results.

Quarterly Results

Earnings per share increased 180.56% year over year to $1.01, which beat the estimate of $0.58.

Revenue of $829,213,000 up by 18.22% from the same period last year, which beat the estimate of $812,300,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

ArcBest hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 04, 2021

Time: 09:30 AM

ET Webcast URL: https://event.webcasts.com/starthere.jsp?ei=1447325&tp_key=5e6751b165

Price Action

Company's 52-week high was at $76.21

52-week low: $17.58

Price action over last quarter: Up 57.78%

Company Description

ArcBest Corp is engaged in logistics operations. The company operates in three business segments namely Asset-Based, ArcBest and FleetNet. Asset-Based, which represents ABF Freight System Inc and certain other subsidiaries, including ABF Freight System (B.C.) ULC; ABF Freight System Canada ULC; ABF Cartage, Inc.; and Land-Marine Cargo, Inc.; ArcBest, its asset-light logistics operation; and FleetNet. The company generates maximum revenue from its asset-based operations.