ARCBEST CORP /DE/ Earnings Per Share Disclosure
NOTE L – EARNINGS PER SHARE
The following table reflects the computation of basic and diluted earnings per common share for the years ended December 31:
December 31 | ||||||||||
| 2025 | | 2024 | | 2023 |
| ||||
(in thousands, except share and per share data) |
| |||||||||
Basic | ||||||||||
Numerator: | ||||||||||
Net income from continuing operations | $ | 60,098 | $ | 173,361 | $ | 142,164 | ||||
Net income from discontinued operations |
| — |
| 600 |
| 53,269 | ||||
Net income | $ | 60,098 | $ | 173,961 | $ | 195,433 | ||||
Denominator: | ||||||||||
Weighted-average shares |
| 22,837,401 |
| 23,553,410 |
| 24,018,801 | ||||
Basic earnings per common share | ||||||||||
Continuing operations | $ | 2.63 | $ | 7.36 | $ | 5.92 | ||||
Discontinued operations | — | 0.03 | 2.22 | |||||||
Total basic earnings per common share(1) | $ | 2.63 | $ | 7.39 | $ | 8.14 | ||||
Diluted | ||||||||||
Numerator: | ||||||||||
Net income from continuing operations | $ | 60,098 | $ | 173,361 | $ | 142,164 | ||||
Net income from discontinued operations |
| — |
| 600 |
| 53,269 | ||||
Net income | $ | 60,098 | $ | 173,961 | $ | 195,433 | ||||
Denominator: | ||||||||||
Weighted-average shares | 22,837,401 |
| 23,553,410 |
| 24,018,801 | |||||
Effect of dilutive securities |
| 95,706 |
| 266,765 |
| 615,816 | ||||
Adjusted weighted-average shares and assumed conversions |
| 22,933,107 |
| 23,820,175 |
| 24,634,617 | ||||
Diluted earnings per common share | ||||||||||
Continuing operations | $ | 2.62 | $ | 7.28 | $ | 5.77 | ||||
Discontinued operations | — | 0.03 | 2.16 | |||||||
Total diluted earnings per common share(1) | $ | 2.62 | $ | 7.30 | $ | 7.93 | ||||
| (1) | Earnings per common share is calculated in total and may not equal the sum of earnings per common share from continuing operations and discontinued operations due to rounding. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Mar 3, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 26, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.