ARCBEST CORP /DE/

Listed Company

ARCBCIK 0000894405NasdaqLarge AcceleratedTrucking (No Local)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.01B

Net Income

$60.10M

Total Assets

$2.45B

Equity

$1.30B

Shares Out

22.30M

Op. Cash Flow

$228.95M

Business

ARCBEST CORP /DE/ is an integrated logistics company that leverages technology, analytics, and owned assets to optimize, connect, and deliver supply chain solutions. It offers less‑than‑truckload (LTL) motor carrier services, truckload brokerage, ground expedite, managed transportation, household goods moving, international ocean and air forwarding, and technology-driven visibility and automation tools. Operations are organized into two reportable segments: an Asset‑Based segment (ABF Freight) and an Asset‑Light segment (including MoLo, Panther, U-Pack, and managed transportation). Services are distributed across the United States, Canada, Mexico, Puerto Rico and through global ocean and air partners, delivered via service centers, carrier networks, digital channels, APIs, and third‑party providers.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
REVENUES	4,010	4,179	4,427	5,029	3,766
OPERATING EXPENSES	3,920	3,935	4,255	4,634	3,489
OPERATING INCOME	90	244	173	395	277
Interest and dividend income	5	12	15	4	1
Interest and other related financing costs	−12	−9	−9	−8	−9
Other, net	394,000	−28	9	−2	4
TOTAL OTHER INCOME (COSTS)	−7	−26	14	−6	−4
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	83	219	187	388	273
INCOME TAX PROVISION	23	45	45	94	63
NET INCOME FROM CONTINUING OPERATIONS	60	173	142	295	210
INCOME FROM DISCONTINUED OPERATIONS, net of tax	—	600,000	53	4	3
NET INCOME	60	174	195	298	214
Continuing operations (in dollars per share)	2.63	7.36	5.92	11.98	8.26
Discontinued operations (in dollars per share)	—	0.03	2.22	0.14	0.12
BASIC EARNINGS PER COMMON SHARE (in dollars per share)	2.63	7.39	8.14	12.13	8.38
Continuing operations (in dollars per share)	2.62	7.28	5.77	11.55	7.86
Discontinued operations (in dollars per share)	—	0.03	2.16	0.14	0.11
DILUTED EARNINGS PER COMMON SHARE (in dollars per share)	2.62	7.3	7.93	11.69	7.98
Basic (in shares)	23	24	24	25	25
Diluted (in shares)	23	24	25	26	27

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	102	127	262	158	77
Short-term investments	22	30	68	168	48
Accounts receivable, less allowances (2025 - $7,763; 2024 - $8,257)	371	395	430	517	582
Other accounts receivable, less allowances (2025 - $656; 2024 - $648)	26	36	52	11	13
Prepaid expenses	49	48	37	39	40
Prepaid and refundable income taxes	45	29	24	19	10
Other	10	11	11	12	6
TOTAL CURRENT ASSETS	626	676	885	990	776
Land and structures	566	520	460	402	351
Revenue equipment	1,201	1,166	1,126	1,039	980
Service, office, and other equipment	363	352	319	298	251
Software	191	182	173	167	176
Leasehold improvements	42	32	24	23	17
TOTAL PROPERTY, PLANT AND EQUIPMENT, Gross	2,363	2,253	2,103	1,930	1,775
Less allowances for depreciation and amortization	1,220	1,187	1,189	1,129	1,079
PROPERTY, PLANT AND EQUIPMENT, net	1,143	1,066	915	800	696
GOODWILL	305	305	305	305	300
INTANGIBLE ASSETS, net	69	89	101	114	127
OPERATING RIGHT-OF-USE ASSETS	220	193	170	167	107
DEFERRED INCOME TAXES	9	10	8	6	5
OTHER LONG-TERM ASSETS	80	92	101	102	102
TOTAL ASSETS	2,453	2,430	2,485	2,494	2,113
Accounts payable	154	173	214	270	311
Accrued expenses	378	395	378	338	306
Current portion of long-term debt	88	64	67	66	—
Current portion of operating lease liabilities	36	34	32	26	23
TOTAL CURRENT LIABILITIES	657	666	702	768	703
LONG-TERM DEBT, less current portion	136	125	162	198	—
OPERATING LEASE LIABILITIES, less current portion	204	190	177	148	89
POSTRETIREMENT LIABILITIES, less current portion	14	13	13	12	17
DEFERRED INCOME TAXES	112	79	56	60	65
OTHER LONG-TERM LIABILITIES	34	42	41	43	136
COMMITMENTS AND CONTINGENCIES	—	—	—	—	—
Common stock, $0.01 par value, authorized 70,000,000 shares; issued 2025: 30,489,886 shares; 2024: 30,401,768 shares	305,000	304,000	300,000	298,000	294,000
Additional paid-in capital	338	330	341	340	318
Retained earnings	1,484	1,435	1,273	1,089	801
Treasury stock, at cost, 2025: 8,140,368 shares; 2024: 7,114,844 shares	−527	−451	−376	−284	−194
Accumulated other comprehensive income (loss)	−439,000	272,000	4	7	4
TOTAL STOCKHOLDERS' EQUITY	1,296	1,314	1,242	1,151	929
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	2,453	2,430	2,485	2,494	2,113

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	60	174	195	298	214
Depreciation and amortization	158	136	133	127	119
Amortization of intangibles	13	13	13	13	5
Share-based compensation expense	11	11	11	13	11
Provision for losses on accounts receivable	3	5	4	7	1
Change in deferred income taxes	33	22	−6	−6	−8
(Gain) loss on sale of property and equipment	−15	−2	5	−12	−9
Pre-tax gain on sale of discontinued operations	—	−806,000	−70	—	—
Asset impairment charges	12	2	30	—	—
Change in fair value of contingent consideration	−3	−90	−19	18	—
Change in fair value of equity investment	—	29	−4	—	—
Receivables	31	45	41	−10	−123
Prepaid expenses	−2	−11	3	−410,000	−1
Other assets	−8	−4	4	−3	354,000
Income taxes	−17	−15	−11	−5	13
Operating right-of-use assets and lease liabilities, net	−11	−7	3	3	623,000
Accounts payable, accrued expenses, and other liabilities	−36	−21	−10	29	106
NET CASH PROVIDED BY OPERATING ACTIVITIES	229	286	322	471	324
Purchases of property, plant and equipment, net of financings	−115	−223	−219	−148	−58
Proceeds from sale of property and equipment	34	15	8	20	14
Proceeds from sale of discontinued operations	—	—	101	475,000	9
Purchases of short-term investments	−22	−29	−97	−182	−56
Proceeds from sale of short-term investments	29	67	198	64	73
Capitalization of internally developed software	−13	−17	−13	−17	−20
Other investing activities	10	—	—	—	—
NET CASH USED IN INVESTING ACTIVITIES	−77	−187	−22	−261	−303
Borrowings under credit facilities	25	—	—	58	50
Payments on long-term debt	−108	−121	−69	−116	−172
Net change in book overdrafts	−5	−4	−14	8	−2
Deferred financing costs	−859,000	−62,000	55,000	−952,000	−314,000
Payment of common stock dividends	−11	−11	−12	−11	−8
Purchases of treasury stock	−76	−75	−92	−65	−83
Payments for tax withheld on share-based compensation	−2	−23	−10	−16	−11
NET CASH USED IN FINANCING ACTIVITIES	−178	−233	−197	−128	−248
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	−25	−135	104	82	−227
Equipment financed	118	81	33	82	60
Accruals for equipment received	555,000	463,000	2	4	2
Lease liabilities arising from obtaining right-of-use assets	50	49	62	87	15

Filings

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