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ArcBest(ARCB) - 2021 Q2 - Earnings Call Transcript
2021-08-02 17:35
Financial Data and Key Metrics Changes - The second quarter 2021 consolidated revenues grew 51.3% to $949 million compared to $627 million in the same period last year [10] - Net income for Q2 2021 was $2.27 per diluted share, up from $0.61 per share in Q2 2020 [10] - Adjusted earnings per diluted share increased 194% to $1.97 compared to $0.67 in the same period last year [10] - The company ended Q2 2021 with unrestricted cash and short-term investments of $423 million and total debt of $238 million, resulting in a cash net of debt of $185 million, an increase of $100 million since the beginning of the year [11][12] Business Line Data and Key Metrics Changes - Asset-Based revenue was $653 million, with an average daily increase of 42% compared to last year [17] - The Asset-Based operating ratio improved 440 basis points sequentially versus Q1 2021, with a 600 basis-point improvement when adjusting for a large property sale gain [17] - Asset-Light businesses saw a revenue increase of 67% versus last year's second quarter, with operating income rising to $16.3 million from $2.1 million last year [21] Market Data and Key Metrics Changes - The company experienced strong customer demand, resulting in shipment and tonnage growth, with daily total tonnage per day increasing 22.7% versus last year's second quarter [17] - Total billed revenue per hundredweight on Asset-Based shipments increased 15.4%, influenced by higher fuel surcharges [18] - Preliminary business trends for July indicated daily average tonnage and shipments were above the prior year month by percentages in the mid-single digits [18] Company Strategy and Development Direction - The company is focused on increasing hiring and recruiting efforts, optimizing the ABF network, and investing in technology to enhance customer experience [7][8] - Investments in facility upgrades and expansions are prioritized, with an expected capital expenditure range of $160 million to $170 million for the year [13][14] - The company aims to leverage its integrated logistics solutions to strengthen customer relationships and improve retention [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth opportunities due to strong customer demand and a positive pricing environment [5][6] - The company is adapting to supply chain disruptions and is focused on providing holistic solutions to customers [6][23] - Management highlighted the importance of agility and responsiveness to evolving customer needs as a key to long-term success [23][24] Other Important Information - The company is committed to enhancing its environmental, social, and governance (ESG) initiatives, including developing a diversity, equity, and inclusion strategy [24][25] - The company has a strong focus on employee well-being and community involvement, recognizing the importance of its workforce in driving success [25] Q&A Session Summary Question: Insights on the U-Pack business profitability compared to traditional core network business - Management noted that U-Pack has historically been a spot-quoted business and emphasized the strength in core LTL business, which is experiencing good demand [27][29] Question: Future capital expenditures and facility upgrades - Management indicated that the $50 million to $75 million in additional capital expenditures would primarily focus on the Asset-Based network for upgrades and expansions [32][34] Question: Sustainability of operating ratio levels - Management expressed confidence in maintaining strong operating ratios due to strategic direction and customer demand [36][38] Question: Capacity additions and long-term demand outlook - Management acknowledged potential secular changes in LTL demand and emphasized the importance of reliability in service [43][44] Question: Capital allocation strategy and share buyback flexibility - Management outlined a balanced approach to capital allocation, focusing on capital expenditures, dividends, and potential acquisitions [45][47] Question: Update on technology and efficiency initiatives - Management is optimistic about pilot projects in Kansas City and Indianapolis, with plans for broader rollout pending successful testing [48][49] Question: Customer demand and inventory management - Management highlighted strong customer conversations and the need for holistic logistics solutions amid supply chain disruptions [52][54] Question: Labor availability and hiring challenges - Management reported progress in hiring, with a focus on recruiting military veterans and addressing elevated levels of purchased transportation [56][58] Question: Tonnage trends and core LTL business performance - Management noted that while tonnage per shipment is trending down due to larger shipments, core LTL business is seeing strength in revenue and customer retention [60][64]
ArcBest(ARCB) - 2021 Q1 - Earnings Call Transcript
2021-05-04 19:58
ArcBest Corporation (NASDAQ:ARCB) Q1 2021 Earnings Conference Call May 4, 2021 9:30 AM ET Company Participants David Humphrey – Vice President of Investor Relations Judy McReynolds – Chairman, President and Chief Executive Officer David Cobb – Chief Financial Officer Conference Call Participants Chris Wetherbee – Citi Jack Atkins – Stephens Jason Seidl – Cowen Ken Hoexter – Bank of America Scott Group – Wolfe Research Todd Fowler – KeyBanc Capital Markets Jordan Alliger – Goldman Sachs Stephanie Benjamin – ...
ArcBest(ARCB) - 2020 Q4 - Earnings Call Transcript
2021-02-02 19:00
ArcBest Corporation (NASDAQ:ARCB) Q4 2020 Results Earnings Conference Call February 2, 2021 9:30 AM ET Company Participants David Humphrey - Vice President, Investor Relations Judy McReynolds - Chairman, President and CEO David Cobb - Chief Financial Officer Conference Call Participants Jason Seidl - Cowen Chris Wetherbee - Citi David Ross - Stifel Todd Fowler - KeyBanc Capital Markets Jack Atkins - Stephens Scott Group - Wolfe Research Ken Hoexter - Bank of America Stephanie Benjamin - Truist Jordan Allige ...
ArcBest(ARCB) - 2020 Q3 - Quarterly Report
2020-11-06 21:58
PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Presents the unaudited consolidated balance sheets, statements of operations, cash flows, and stockholders' equity Consolidated Balance Sheet Highlights (Unaudited) | Account | Sep 30, 2020 ($ thousands) | Dec 31, 2019 ($ thousands) | | :--- | :--- | :--- | | **Total Current Assets** | 730,240 | 664,402 | | **Total Assets** | 1,746,231 | 1,651,207 | | **Total Current Liabilities** | 497,516 | 444,277 | | **Total Liabilities** | 943,592 | 888,164 | | **Total Stockholders' Equity** | 802,639 | 763,043 | Consolidated Statement of Operations Highlights (Unaudited) | Metric | Three Months Ended Sep 30, 2020 ($ thousands) | Three Months Ended Sep 30, 2019 ($ thousands) | Nine Months Ended Sep 30, 2020 ($ thousands) | Nine Months Ended Sep 30, 2019 ($ thousands) | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | 794,980 | 787,563 | 2,123,749 | 2,270,892 | | **Operating Income** | 39,782 | 31,208 | 68,026 | 74,999 | | **Net Income** | 29,404 | 16,270 | 47,186 | 45,534 | | **Diluted EPS** | $1.11 | $0.62 | $1.79 | $1.72 | Consolidated Statement of Cash Flows Highlights (Unaudited, Nine Months Ended) | Cash Flow Activity | Sep 30, 2020 ($ thousands) | Sep 30, 2019 ($ thousands) | | :--- | :--- | :--- | | **Net Cash from Operating Activities** | 151,266 | 138,013 | | **Net Cash from Investing Activities** | 12,539 | (90,542) | | **Net Cash from Financing Activities** | (98,069) | (53,819) | | **Net Increase (Decrease) in Cash** | 65,736 | (6,348) | [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Provides details on business segments, accounting policies, debt, and the impact of the COVID-19 pandemic - The company operates through three reportable segments, with the **Asset-Based segment accounting for approximately 69% of total revenues** for the nine months ended September 30, 2020[15](index=15&type=chunk)[16](index=16&type=chunk) - Effective January 1, 2020, the company adopted ASC Topic 326, resulting in a **$0.2 million decrease to retained earnings** due to a change in credit loss methodology[20](index=20&type=chunk)[23](index=23&type=chunk) Long-Term Debt Composition ($ thousands) | Debt Instrument | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | Credit Facility | 70,000 | 70,000 | | Accounts receivable securitization | — | 40,000 | | Notes payable | 221,914 | 213,504 | | **Total Long-Term Debt** | **291,924** | **323,519** | Segment Revenues (Nine Months Ended Sep 30, $ thousands) | Segment | 2020 | 2019 | | :--- | :--- | :--- | | Asset-Based | 1,537,639 | 1,631,348 | | ArcBest | 533,536 | 554,135 | | FleetNet | 149,424 | 158,957 | | **Total Consolidated Revenues** | **2,123,749** | **2,270,892** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=42&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Discusses financial performance, the significant impact of the COVID-19 pandemic, and segment results [COVID-19 Impact and Business Response](index=42&type=section&id=COVID-19%20Impact%20and%20Business%20Response) Details the pandemic's negative Q2 2020 impact, a strong Q3 recovery, and the company's cost-saving responses - Consolidated revenues **declined 6.5%** for the nine months ended Sep 30, 2020, but **increased 0.9% YoY in Q3 2020**, indicating a significant business recovery[107](index=107&type=chunk)[109](index=109&type=chunk) - To preserve financial flexibility, the company borrowed **$180.0 million** from its credit facility and **$45.0 million** from its securitization program, which were fully repaid in Q3 2020[114](index=114&type=chunk) - Cost reduction actions in April 2020, including a **15% salary reduction** and suspension of the 401(k) match, were reversed in Q3 2020 due to positive business trends[117](index=117&type=chunk) [Results of Operations](index=49&type=section&id=Results%20of%20Operations) Details segment and consolidated operating income, highlighting Q3 2020 improvements driven by cost management Segment Operating Income ($ thousands) | Segment | Three Months Ended Sep 30, 2020 | Three Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2019 | | :--- | :--- | :--- | :--- | :--- | | **Asset-Based** | 36,646 | 31,722 | 70,922 | 81,515 | | **Asset-Light (Total)** | 5,818 | 3,623 | 7,534 | 9,989 | | **Consolidated** | **39,782** | **31,208** | **68,026** | **74,999** | - Asset-Based segment's Q3 2020 operating ratio **improved to 93.5%** from 94.4% in Q3 2019, reflecting better cost management[148](index=148&type=chunk)[149](index=149&type=chunk)[156](index=156&type=chunk) - ArcBest (Asset-Light) segment revenue **increased 8.8% in Q3 2020 YoY**, driven by a 5.7% increase in revenue per shipment due to tighter truckload capacity[178](index=178&type=chunk)[180](index=180&type=chunk) [Liquidity and Capital Resources](index=75&type=section&id=Liquidity%20and%20Capital%20Resources) Outlines the company's strong liquidity position, robust operating cash flow, and reduced capital expenditure plan Cash and Short-Term Investments ($ thousands) | Date | Amount | | :--- | :--- | | Sep 30, 2020 | 351,056 | | Dec 31, 2019 | 318,488 | - Net cash provided by operating activities **increased to $151.3 million** for the nine months ended Sep 30, 2020, compared to $138.0 million for the same period in 2019[201](index=201&type=chunk) - The 2020 capital expenditure plan was revised down by **approximately 30%** to an estimated range of $90 million to $95 million, net of asset sales[210](index=210&type=chunk) - As of September 30, 2020, the company had available borrowing capacity of **$180.0 million** under its Credit Facility and **$113.3 million** under its accounts receivable securitization program[212](index=212&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=86&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Addresses market risk from variable interest rates and mitigation efforts via an interest rate swap agreement - The company is exposed to interest rate risk from variable-rate borrowings under its Credit Facility and accounts receivable securitization program[236](index=236&type=chunk) - On May 4, 2020, the company extended the term of its **$50.0 million** notional interest rate swap agreement to October 1, 2024, converting a portion of its variable-rate debt to a fixed rate[236](index=236&type=chunk) [Item 4. Controls and Procedures](index=87&type=section&id=Item%204.%20Controls%20and%20Procedures) Confirms the effectiveness of disclosure controls and procedures with no material changes to internal controls - Management concluded that the company's disclosure controls and procedures were **effective** as of September 30, 2020[239](index=239&type=chunk) - **No material changes** were made to the company's internal controls over financial reporting during the third quarter of 2020[240](index=240&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=89&type=section&id=Item%201.%20Legal%20Proceedings) States that routine legal matters are not expected to have a material adverse effect on the company's financials - Information regarding legal proceedings indicates that routine matters are **not expected to have a material adverse effect**[99](index=99&type=chunk)[241](index=241&type=chunk) [Item 1A. Risk Factors](index=89&type=section&id=Item%201A.%20Risk%20Factors) Supplements existing risk factors with new risks related to the COVID-19 pandemic and other external events - A new risk factor was added concerning the adverse effects of pandemics or other public health crises, like **COVID-19**, on business operations, financial condition, and cash flows[243](index=243&type=chunk)[244](index=244&type=chunk) - Another supplemental risk factor addresses the potential for external events to adversely affect the company or its third-party providers[245](index=245&type=chunk)[246](index=246&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=90&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Reports the repurchase of 77,460 shares for $2.5 million in Q3 2020, with $7.5 million remaining in the program Issuer Purchases of Equity Securities (Q3 2020) | Period | Total Shares Purchased | Average Price Paid Per Share | Approx. Dollar Value Remaining in Program | | :--- | :--- | :--- | :--- | | Jul 2020 | — | $— | $10,034,000 | | Aug 2020 | 27,604 | $31.81 | $9,156,000 | | Sep 2020 | 49,856 | $32.62 | $7,530,000 | | **Total Q3** | **77,460** | **$32.33** | **$7,530,000** | [Item 5. Other Information](index=90&type=section&id=Item%205.%20Other%20Information) Reports no other information for this item - The company reported **no information** for this item[249](index=249&type=chunk) [Item 6. Exhibits](index=91&type=section&id=Item%206.%20Exhibits) Lists filed exhibits, including Sarbanes-Oxley Act certifications and XBRL data files - Exhibits filed include **CEO and CFO certifications** under Sections 302 and 906 of the Sarbanes-Oxley Act[252](index=252&type=chunk)
ArcBest(ARCB) - 2020 Q3 - Earnings Call Transcript
2020-11-03 21:13
ArcBest Corporation (NASDAQ:ARCB) Q3 2020 Earnings Conference Call November 3, 2020 9:30 AM ET Company Participants David Humphrey - VP, IR Judy McReynolds - Chairman, President and CEO David Cobb - CFO Conference Call Participants Jordan Alliger - Goldman Sachs Jason Seidl - Cowen Jack Atkins - Stephens Chris Wetherbee - Citi David Ross - Stifel Ken Hoexter - Bank of America Scott Group - Wolfe Research Todd Fowler - KeyBanc Stephanie Benjamin - Truist Operator Greetings and welcome to the ArcBest Third Qu ...
ArcBest(ARCB) - 2020 Q2 - Quarterly Report
2020-08-06 19:46
PART I. FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The unaudited financial statements show results for the three and six months ended June 30, 2020 [Consolidated Financial Statements](index=3&type=section&id=Consolidated%20Financial%20Statements) Core financial statements reflect lower revenue and net income alongside higher cash and debt due to the pandemic Consolidated Statement of Operations Highlights (in thousands, except per share data) | Metric | Three Months Ended June 30, 2020 | Three Months Ended June 30, 2019 | Six Months Ended June 30, 2020 | Six Months Ended June 30, 2019 | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | $627,370 | $771,490 | $1,328,769 | $1,483,329 | | **Operating Income** | $20,425 | $35,200 | $28,244 | $43,791 | | **Net Income** | $15,880 | $24,376 | $17,782 | $29,264 | | **Diluted EPS** | $0.61 | $0.92 | $0.68 | $1.10 | Consolidated Balance Sheet Highlights (in thousands) | Asset/Liability | June 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $406,290 | $201,909 | | **Total Current Assets** | $902,043 | $664,402 | | **Total Assets** | $1,870,760 | $1,651,207 | | **Long-Term Debt, less current portion** | $473,850 | $266,214 | | **Total Stockholders' Equity** | $775,091 | $763,043 | - For the six months ended June 30, 2020, net cash provided by operating activities was **$82.1 million**, slightly higher than the $80.5 million in the same period of 2019, while net cash from financing activities was a significant source of **$188.1 million**[13](index=13&type=chunk) [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail segment performance, accounting changes, and confirm no goodwill impairment was recorded - The company operates through three reportable segments: Asset-Based (ABF Freight), ArcBest (asset-light logistics), and FleetNet, with the **Asset-Based segment accounting for approximately 70% of total revenues** for the first half of 2020[14](index=14&type=chunk)[15](index=15&type=chunk) - On January 1, 2020, the company adopted the new CECL accounting standard (ASC Topic 326) for credit losses, which resulted in a **$0.2 million decrease to retained earnings**[19](index=19&type=chunk)[22](index=22&type=chunk) - Despite the impact of COVID-19, management concluded it was more likely than not that **goodwill ($88.3 million) and indefinite-lived intangible assets were not impaired** as of June 30, 2020[38](index=38&type=chunk)[40](index=40&type=chunk) Long-Term Debt Obligations (in thousands) | Debt Component | June 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Credit Facility | $250,000 | $70,000 | | Accounts receivable securitization borrowings | $85,000 | $40,000 | | Notes payable | $197,888 | $213,504 | | **Total Long-Term Debt** | **$532,900** | **$323,519** | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=41&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the pandemic's impact on financial results, liquidity, and segment performance - The COVID-19 pandemic significantly impacted the business, causing an **18.7% decline in consolidated revenues for Q2 2020** compared to Q2 2019[113](index=113&type=chunk) - In response to the pandemic, the company drew down **$180 million** from its credit facility and borrowed **$45 million** from its securitization program to preserve financial flexibility, and implemented cost reductions that saved approximately **$15 million in Q2 2020**[121](index=121&type=chunk)[123](index=123&type=chunk)[125](index=125&type=chunk) - Business levels showed sequential improvement through July 2020, leading the company to repay the **$45 million securitization borrowing** and plan for repayment of the **$180 million credit facility drawdown**[118](index=118&type=chunk)[126](index=126&type=chunk) - The company lowered its planned 2020 capital expenditures by **30% to a range of $95 million to $100 million**[122](index=122&type=chunk) [Results of Operations](index=47&type=section&id=Results%20of%20Operations) Segment analysis reveals revenue declines and margin compression across all business units Segment Revenue Performance (in thousands) | Segment | Q2 2020 Revenue | Q2 2019 Revenue | % Change | | :--- | :--- | :--- | :--- | | Asset-Based | $460,070 | $559,648 | (17.8%) | | ArcBest | $151,467 | $181,173 | (16.4%) | | FleetNet | $46,440 | $51,722 | (10.2%) | Segment Operating Income (Loss) Performance (in thousands) | Segment | Q2 2020 Operating Income | Q2 2019 Operating Income | % Change | | :--- | :--- | :--- | :--- | | Asset-Based | $21,036 | $36,178 | (41.8%) | | ArcBest | $1,303 | $2,122 | (38.6%) | | FleetNet | $782 | $1,026 | (23.8%) | - Asset-Based **tonnage per day decreased 13.8%** and **billed revenue per hundredweight fell 4.0%** in Q2 2020 YoY, reflecting reduced demand and changes in freight mix[136](index=136&type=chunk)[160](index=160&type=chunk) - ArcBest segment's **shipments per day fell 23.4%** in Q2 2020 YoY, and purchased transportation costs as a percentage of revenue increased from 81.4% to 82.6%, indicating margin pressure[191](index=191&type=chunk)[192](index=192&type=chunk) [Liquidity and Capital Resources](index=72&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity was enhanced through precautionary borrowings while capex was reduced and dividends continued - Cash, cash equivalents, and short-term investments **increased by $255.5 million** from year-end 2019, primarily due to **$225.0 million in borrowings**[217](index=217&type=chunk) - Net cash from operating activities for the first six months of 2020 was **$82.1 million**, comparable to the prior-year period despite lower net income[218](index=218&type=chunk) - The 2020 capital expenditure plan was **reduced by approximately 30%** to an estimated range of $95 million to $100 million[227](index=227&type=chunk) - The company declared a quarterly dividend of **$0.08 per share** and had **$10.0 million remaining** under its stock repurchase program[230](index=230&type=chunk)[231](index=231&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=84&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The primary market risk is interest rate exposure from variable-rate debt, partially hedged by a swap - The company is subject to interest rate risk from variable interest rates on its credit facility and accounts receivable securitization program[253](index=253&type=chunk) - In March 2020, the company drew down **$180 million** from its credit facility and borrowed an additional **$45 million** from its securitization program as a proactive measure[253](index=253&type=chunk) - The company extended the term of its **$50.0 million notional amount interest rate swap** agreement to October 2024 to convert a portion of its variable-rate debt to a fixed rate[255](index=255&type=chunk) [Controls and Procedures](index=85&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes - Management, including the CEO and CFO, concluded that the company's **disclosure controls and procedures were effective** as of June 30, 2020[258](index=258&type=chunk) - There were **no changes in the company's internal controls** over financial reporting during the second quarter of 2020 that have materially affected or are likely to materially affect them[259](index=259&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=86&type=section&id=Item%201.%20Legal%20Proceedings) Routine legal actions are not expected to have a material adverse effect on the company - The company is involved in various legal actions that arise in the ordinary course of business and maintains liability insurance and reserves for these exposures[104](index=104&type=chunk)[261](index=261&type=chunk) - Management **does not expect routine legal matters to have a material adverse effect** on the company's financial condition, results of operations, or cash flows[104](index=104&type=chunk)[261](index=261&type=chunk) [Risk Factors](index=86&type=section&id=Item%201A.%20Risk%20Factors) New risk factors related to the COVID-19 pandemic and other public health crises were added - A new risk factor was added to address the potential adverse effects of pandemics, like **COVID-19**, on the company's business, financial condition, and cash flows[262](index=262&type=chunk)[263](index=263&type=chunk) - A second new risk factor was added, stating that external events could adversely affect the company and that **business continuity plans may not provide adequate protection**[265](index=265&type=chunk)[266](index=266&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=87&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No shares were repurchased during the quarter, with $10.0 million remaining under the program - The company made **no share repurchases** during the three months ended June 30, 2020[268](index=268&type=chunk) - As of June 30, 2020, **$10.0 million remained available** for common stock repurchases under the company's program[268](index=268&type=chunk) [Other Disclosures (Items 3-6)](index=87&type=section&id=Other%20Disclosures%20(Items%203-6)) No defaults or other material events were reported, and required exhibits were filed - The company reported **no defaults upon senior securities** and that mine safety disclosures were not applicable[269](index=269&type=chunk) - A list of exhibits filed with the report is provided, including certifications by the CEO and CFO pursuant to the Sarbanes-Oxley Act[271](index=271&type=chunk)[272](index=272&type=chunk)
ArcBest(ARCB) - 2020 Q2 - Earnings Call Transcript
2020-07-29 19:17
ArcBest Corporation (NASDAQ:ARCB) Q2 2020 Earnings Conference Call July 29, 2020 9:00 AM ET Company Participants David Humphrey - Vice President, Investor Relations Judy McReynolds - Chairman, President & Chief Executive Officer David Cobb - Chief Financial Officer Conference Call Participants Liam Garrity-Rokous - Citi Todd Fowler - KeyBanc Capital Markets Jack Atkins - Stephens Inc. Rob Ginsberg - Wolfe Research Jeff Kauffman - Loop Capital Markets Stephanie Benjamin - SunTrust Sanjay Ramaswamy - BofA Ope ...
ArcBest(ARCB) - 2020 Q1 - Quarterly Report
2020-05-11 17:33
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2020 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 000-19969 ARCBEST CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of in ...