Financial Data and Key Metrics Changes - Consolidated revenue for the fourth quarter was $973 million, down 3% year-over-year [14] - Non-GAAP operating income from continuing operations was $14 million, compared to $41 million last year [14] - Adjusted non-GAAP earnings per share were $0.36, down from $1.33 in the fourth quarter of 2024 [14] Business Line Data and Key Metrics Changes - Asset-Based LTL shipments increased 2% year-over-year, averaging about 20,000 shipments per day [7] - Revenue for the Asset-Based segment was $649 million, flat on a per-day basis [15] - Asset-Light segment revenue was $354 million, a daily decrease of 5% year-over-year [17] - Non-GAAP operating results for Asset-Light were break-even for the quarter, an improvement from a $17 million loss in 2024 [18] Market Data and Key Metrics Changes - Daily shipments in January increased 3% year-over-year, with weight per shipment increasing 5% [16] - In January, Asset-Light daily revenue increased 6% year-over-year, with shipment growth of 13% led by Managed Solutions [19] Company Strategy and Development Direction - The company focuses on three pillars: growth, efficiency, and innovation, aiming to deliver premium service and maintain a customer-first mindset [5][6] - The company is advancing initiatives outlined at the Investor Day to achieve long-term targets and deliver greater shareholder value [6] - Investments in technology and optimization projects are expected to enhance operational efficiency and customer service [10][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing freight recession and market volatility but expressed confidence in the company's strategic direction and ability to navigate challenges [5][20] - The company anticipates a typical seasonal increase in operating ratio but expects it to be better than historical averages due to a softer fourth quarter [17] - Management remains focused on maintaining yield discipline and managing costs to position the company for sustainable long-term profitability [20] Other Important Information - The company welcomed new independent directors to strengthen its board [7] - The company returned over $86 million to shareholders through share repurchases and dividends in 2025 [22] - The balance sheet remains strong with approximately $400 million in available liquidity [22] Q&A Session Questions and Answers Question: Follow-up on January trends and tonnage - Management noted that January was impacted by strong winter storms, affecting shipment dynamics and tonnage levels [25][27] Question: Mix normalization and competitive dynamics - Management indicated that the mix of business has been influenced by the ongoing freight recession and that they are focused on managing profitability [32][33] Question: January trends and industry-wide dynamics - Management clarified that January trends were influenced by specific dynamics within the company, but the overall industry is experiencing similar weather impacts [38] Question: Competitive pricing environment - Management stated that pricing discipline remains rational in the market, with less bid activity from customers being a positive sign [85] Question: Insights from new COO on Asset-Light business - The new COO expressed confidence in the growth of the Asset-Light business and the company's strong foundation in Managed Solutions [88]

Core Insights - ArcBest reported revenue of $972.69 million for Q4 2025, a year-over-year decline of 2.9%, with EPS of $0.36 compared to $1.33 a year ago, indicating a significant drop in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of $968.81 million by 0.4%, but the EPS fell short of the consensus estimate of $0.45 by 19.1% [1] Financial Performance Metrics - The Asset-Based Operating Ratio was reported at 96.2%, slightly better than the average estimate of 96.5% [4] - The Asset-Light Operating Ratio was 102.8%, worse than the estimated 100.8% [4] - Asset-Based Pounds per Shipment was 1,095.00 lbs, exceeding the average estimate of 1,081.23 lbs [4] - Asset-Based Tons per Day reached 11,036.00 tons, surpassing the average estimate of 10,871.55 tons [4] - Asset-Based Shipments per Day were 20,163.00 tons, slightly above the average estimate of 20,109.68 tons [4] - Billed revenue per CWT was $47.94, lower than the average estimate of $48.71 [4] - Revenues from Asset-Based operations were $648.79 million, marginally below the average estimate of $649 million, reflecting a year-over-year change of -1.1% [4] - Revenues from Asset-Light operations were $353.53 million, slightly below the average estimate of $354.38 million, with a year-over-year decline of 5.8% [4] - Revenues from Other and eliminations were reported at -$29.64 million, better than the average estimate of -$31.01 million, with a year-over-year change of -1.2% [4] - Non-GAAP Operating Income for Asset-Based operations was $24.39 million, exceeding the average estimate of $23.19 million [4] - Non-GAAP Operating Income for Other and eliminations was -$10.6 million, worse than the average estimate of -$7.06 million [4] Stock Performance - ArcBest shares have returned +15% over the past month, outperforming the Zacks S&P 500 composite, which saw a +0.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Consolidated revenue for the fourth quarter was $973 million, down 3% year-over-year [14] - Non-GAAP operating income from continuing operations was $14 million, compared to $41 million last year [15] - Adjusted non-GAAP earnings per share were $0.36, down from $1.33 in the fourth quarter of 2024 [15] Business Line Data and Key Metrics Changes - Asset-Based segment revenue was $649 million, flat on a per-day basis [16] - Asset-Light segment revenue was $354 million, a daily decrease of 5% year-over-year [18] - Daily shipments in the Asset-Based segment increased by 2% year-over-year, while weight per shipment increased slightly [16] Market Data and Key Metrics Changes - In January, daily shipments increased 3% year-over-year, weight per shipment increased 5%, and daily tonnage increased 8% [17] - Revenue per shipment in the Asset-Light segment decreased 6%, reflecting a higher mix of managed business [18] Company Strategy and Development Direction - The company focuses on three pillars: growth, efficiency, and innovation, with a customer-first mindset [4][5] - The company is advancing initiatives outlined at the Investor Day to achieve long-term targets and deliver greater value to shareholders [5] - The company aims to maintain yield discipline and manage costs for sustainable long-term profitability [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market volatility and achieve long-term targets despite a challenging freight environment [4][20] - The company is focused on driving productivity and maintaining cost discipline, positioning itself for sustainable success regardless of external market conditions [20] Other Important Information - The company achieved $24 million in annual cost savings through efficiency and innovation initiatives [9] - The company returned more than $86 million to shareholders through share repurchases and dividends in 2025 [23] Q&A Session Questions and Answers Question: Follow-up on January trends and tonnage - Management noted that January was impacted by strong winter storms, affecting shipment dynamics and tonnage levels [26][27] Question: Mix normalization and competitive dynamics - Management indicated that the mix has been influenced by the ongoing freight recession and that it is difficult to predict when it will stabilize [32][33] Question: January trends and industry-wide impacts - Management acknowledged that January dynamics were influenced by weather impacts and specific to the company, but overall market conditions remain cautious [36][37] Question: Insights from new COO on Asset-Light business - The new COO expressed excitement about the company's culture and commitment to improving total shareholder return [46][47] Question: Broader health of the demand environment - Management highlighted bright spots in certain sectors and emphasized the importance of being responsive to customer needs [50][51] Question: Competitive pricing environment - Management stated that pricing discipline remains rational in the market, with less bid activity from customers being a positive sign [82][83]

4Q'25 Earnings Presentation F O R W A R D L O O K I N G S T A T E M E N T S The following is a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this presentation may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our fina ...

分组1 - ArcBest reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.45 per share, and down from $1.33 per share a year ago, representing an earnings surprise of -19.10% [1] - The company posted revenues of $972.69 million for the quarter, surpassing the Zacks Consensus Estimate by 0.40%, but down from $1 billion year-over-year [2] - ArcBest has surpassed consensus revenue estimates two times over the last four quarters, while it has only surpassed consensus EPS estimates once [2] 分组2 - The stock has gained about 15% since the beginning of the year, outperforming the S&P 500's gain of 1.8% [3] - The current consensus EPS estimate for the coming quarter is $0.24 on revenues of $970.09 million, and for the current fiscal year, it is $4.90 on revenues of $4.14 billion [7] - The Zacks Industry Rank for Transportation - Truck is currently in the bottom 6% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Financial Performance - Fourth quarter 2025 revenue totaled $972.7 million, a decrease of 2.9% compared to $1.0 billion in the prior-year period[2] - Net loss from continuing operations was $8.1 million, or $0.36 per diluted share, compared to net income of $29.0 million, or $1.24 per diluted share, in Q4 2024[2] - Full year 2025 revenue was $4.0 billion, down from $4.2 billion in 2024, with net income of $60.1 million, or $2.62 per diluted share, compared to $173.4 million, or $7.28 per diluted share, in 2024[3] - Revenues for Q4 2025 were $972,688 thousand, a decrease of 2.7% from $1,001,645 thousand in Q4 2024[22] - The company reported a basic earnings per share of $(0.36) for Q4 2025, compared to $1.24 for Q4 2024[22] - Net income for the year ended December 31, 2025, was $60,098 thousand, down from $173,961 thousand in 2024, reflecting a decrease of 65.5%[25] - The company reported a net loss from continuing operations of $8.1 million for the year ended December 31, 2025, compared to a profit of $60.1 million in 2024[33] Operating Performance - Operating income for the Asset-Based segment was $24.4 million with an operating ratio of 96.2%, compared to $52.3 million and 92.0% in Q4 2024[6] - The operating income from continuing operations for Q4 2025 was a loss of $8.3 million, compared to a profit of $38.2 million in Q4 2024[33] - The Asset-Light segment reported total operating expenses of $363.4 million in Q4 2025, with a total operating loss of $9.9 million[26] - Non-GAAP operating income for Q4 2025 was $13.7 million, compared to $41.4 million in Q4 2024[33] - Consolidated Adjusted EBITDA from Continuing Operations for the year ended December 31, 2025, was $285,755, down from $328,599 in 2024[38] Cash Flow and Investments - Total net capital expenditures in 2025 were $198 million, including $133 million for revenue equipment and $31 million in real estate[13] - The company invested $114,775 thousand in property, plant, and equipment in 2025, down from $223,103 thousand in 2024[25] - Operating cash flow for the year was $228,953 thousand, a decrease from $285,846 thousand in 2024, reflecting a decline of 20%[25] Assets and Liabilities - Total assets as of December 31, 2025, were $2,452,662 thousand, a slight increase from $2,429,731 thousand in 2024[24] - Total current liabilities decreased to $656,888 thousand in 2025 from $665,985 thousand in 2024, a reduction of 1.6%[24] - Cash and cash equivalents decreased to $102,030 thousand at the end of 2025 from $127,444 thousand at the end of 2024, marking a decline of 20%[25] Shareholder Returns - ArcBest returned over $86 million to shareholders through share repurchases and dividends in 2025[14] Revenue Segmentation - Revenue for the Asset-Light segment was $353.5 million, a decrease of 5.8% per shipment compared to Q4 2024[12] - Asset-Based revenues were $648.8 million in Q4 2025, down 1.6% from $656.2 million in Q4 2024, while Asset-Light revenues decreased by 5.8% to $353.5 million from $375.4 million[26] Operational Metrics - The average daily tonnage increased by 2.6% to 11,036 tons in Q4 2025, up from 10,758 tons in Q4 2024[43] - Shipments per day rose by 2.4% to 20,163 in Q4 2025, compared to 19,698 in Q4 2024[43] - For the three months ended December 31, 2025, ArcBest reported billed revenue per hundredweight (CWT) of $47.94, a decrease of 2.7% compared to $49.27 in the same period of 2024[43] - Shipments per employee per day in the Asset-Light segment increased by 18.5% year-over-year for the three months ended December 31, 2025[44] Tax and Impairment - The effective tax rate for the year ended December 31, 2025, was 26.7%, compared to 27.7% in 2024[36] - The company recognized noncash asset impairment charges related to indefinite-lived intangible assets during Q4 2025[42] Future Outlook - The company plans to continue investing in innovative technology and expanding its service offerings across multiple operating segments[31]

Core Insights - ArcBest reported a net loss of $8.1 million in Q4 2025, a significant decline from a net income of $29.0 million in Q4 2024, primarily due to a $9.1 million noncash impairment charge [2][3] - For the full year 2025, revenue decreased to $4.0 billion from $4.2 billion in 2024, with net income dropping to $60.1 million from $173.4 million in the previous year [3][4] Financial Performance - Q4 2025 revenue was $972.7 million, down from $1.0 billion in Q4 2024, with a diluted loss per share of $0.36 compared to earnings of $1.24 per share in the prior year [2][24] - Full year 2025 net income was $60.1 million, or $2.62 per diluted share, compared to $173.4 million, or $7.28 per diluted share, in 2024 [3][24] - On a non-GAAP basis, Q4 2025 net income was $8.2 million, or $0.36 per diluted share, down from $31.2 million, or $1.33 per diluted share, in Q4 2024 [2][3] Operational Highlights - The company experienced tonnage growth in Q4 2025, driven by an increase in daily shipments from newly onboarded core LTL customers, although existing customer shipments showed softness [5][6] - Customer contract renewals and deferred pricing agreements averaged a 5.0% increase in Q4 2025, but billed revenue per hundredweight declined approximately 3% year-over-year [6][7] - Operating expenses rose due to additional labor, annual wage adjustments, and higher equipment depreciation [6][7] Segment Performance - In the Asset-Based segment, revenue for the full year 2025 was $2.7 billion, down from $2.8 billion in 2024, with a per-day decrease of 0.2% [12][32] - The Asset-Light segment saw a revenue decline primarily due to lower revenue per shipment in a soft-rate environment, although shipments per day increased slightly [8][11] - Despite revenue declines in the Asset-Light segment, disciplined cost management led to breakeven non-GAAP operating results [8][9] Capital Management - ArcBest returned over $86 million to shareholders in 2025 through share repurchases and dividends, while maintaining a focus on organic capital investments [14] - Total net capital expenditures in 2025 were $198 million, with significant investments in revenue equipment and real estate [13]

Wall Street estimates the earnings per share (EPS) to be $0.45, with projected revenue of approximately $967.4 million. The market anticipates a decline in ArcBest's earnings for the fourth quarter, with lower revenues compared to the previous year. ArcBest's financial metrics include a price-to-earnings (P/E) ratio of approximately 20.29, and a debt-to-equity ratio of 0.35.ArcBest Corporation, listed as NASDAQ:ARCB, is a logistics company that provides freight transportation services and solutions. The co ...

Runser continued, "We are grateful for Craig's, Kathy's and Fredrik's leadership and their significant contributions during a period of growth and transformation for ArcBest. On behalf of the entire board, I thank them for their service and wish them all the best.†These changes are the result of ArcBest's ongoing assessment of board size and composition, as well as directors' diverse skills and capabilities. ArcBest is committed to best-in-class corporate governance and remains focused on advancing its st ...

Core Viewpoint - The Zacks Transportation-Truck industry is currently facing significant challenges due to supply-chain disruptions, a weak freight environment, and macroeconomic issues, including geopolitical tensions and high inflation levels [1][4]. Industry Overview - The Zacks Transportation-Truck industry consists of truck operators that transport freight across North America, offering various services such as full-truckload and less-than-truckload (LTL) [3]. - Companies in this sector provide a range of trucking services, including dry-van, dedicated, refrigerated, flatbed, and expedited services, along with logistics and intermodal services [3]. Current Trends - **Freight Downturn**: The industry is experiencing a prolonged freight downturn, with the Cass Freight Shipments Index declining by 7.6% year over year in November 2025, marking a consistent decline over the past nine months [4]. - **Cost Management**: Companies are implementing cost-reduction strategies to combat input cost inflation and maintain margins, focusing on operational efficiency and high-growth markets [5]. - **Driver Shortage**: The trucking industry is facing a severe shortage of drivers, with an expected shortfall of over 160,000 drivers by 2030, exacerbating supply-chain challenges [6]. Industry Performance - The Zacks Transportation-Truck industry ranks 234 out of 243 Zacks industries, placing it in the bottom 2%, indicating poor near-term prospects [7]. - The industry's earnings estimate for 2026 has decreased by 30.9% year over year, reflecting a negative outlook among analysts [8]. - Over the past year, the industry has underperformed, declining by 3.7%, while the S&P 500 increased by 18.1% and the broader transportation sector rose by 1.4% [10]. Valuation Metrics - The industry is currently trading at an EV-to-EBITDA ratio of 14.37X, which is lower than the S&P 500's 18.99X but higher than the sector's 10.83X [13]. Notable Companies - **J.B. Hunt Transport Services (JBHT)**: This company has seen its shares increase by 11% over the past year and has a Zacks Rank of 3 (Hold). It has surpassed earnings estimates in two of the last four quarters [17][18]. - **Saia (SAIA)**: Saia provides regional and interregional LTL services and also holds a Zacks Rank of 3, having surpassed earnings estimates in three of the last four quarters [21][22]. - **ArcBest Corporation (ARCB)**: ArcBest is focused on cost control and productivity improvements, expecting a 37.9% year-over-year increase in earnings per share for 2026. It also carries a Zacks Rank of 3 [24].