Financial Data and Key Metrics Changes - Consolidated revenue decreased by 7% year-over-year to $967 million, with non-GAAP operating income from continuing operations at $17 million compared to $43 million in the prior year [22] - Adjusted earnings per share were $0.51, down from $1.34 in Q1 2024 [22] - The Asset Based segment saw a $27 million decrease in operating income, while the Asset Light segment's non-GAAP operating loss improved by $4 million year-over-year [22] Business Line Data and Key Metrics Changes - Asset Based business revenue was $646 million, a daily decrease of 3%, with an operating ratio of 95.9%, an increase of 390 basis points year-over-year [23] - Daily shipments in the Asset Based segment were flat year-over-year, while weight per shipment decreased by 4%, leading to a 4% decrease in tons per day [23] - Asset Light segment revenue was $356 million, a daily decrease of 9%, with shipments per day down 4% [28] Market Data and Key Metrics Changes - In April 2025, the Asset Based business achieved a 4% year-over-year increase in daily shipments, despite a 3% decrease in weight per shipment [26] - The pricing environment remains rational, with a 4.9% average increase on contract renewals during the quarter [25][51] - The company anticipates a non-GAAP operating loss for the Asset Light segment of between $1 million and $2 million for Q2 2025 [30] Company Strategy and Development Direction - The company is focused on driving profitable growth, advancing premium service for customers, and optimizing efficiency [11] - Investments in technology and operational efficiency are expected to enhance service levels and reduce costs [89] - The company is adapting to changes in trade policies and tariffs, aiming to support customers in navigating these challenges [5][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver long-term value despite challenges in the freight environment [10] - The leadership team highlighted a disciplined approach to pricing and operational efficiency to outpace rising costs [25][66] - Management noted that customer relationships remain strong, with 80% of revenue coming from long-term customers [67] Other Important Information - The company has a capital expenditure guidance of $225 million to $275 million for 2025, focusing on maintenance and strategic investments [30] - Approximately $350 million in available liquidity is reported, indicating a strong balance sheet [31] Q&A Session Summary Question: Near term setup and profitability outlook - Management expects normal seasonality to drive revenue increases and continues to target cost reductions aligned with business levels [34][36] Question: Tonnage and revenue per hundredweight trends - Management noted a 1% sequential increase in tonnage but a 1% decrease in revenue per hundredweight, attributing this to a mix of easier-to-handle shipments [38][66] Question: Pricing environment and competitive landscape - Management indicated that the pricing environment remains rational, with no significant pressure from competitors to lower prices [51][52] Question: Retail exposure and inbound traffic from China - The company has around 10% exposure to the retail sector, with varying impacts from inbound traffic from China [78] Question: Strategies in a stagflation environment - Management emphasized operational efficiencies and strategic investments to navigate inflationary pressures while maintaining service levels [88][91]

Core Insights - ArcBest reported revenue of $967.08 million for the quarter ended March 2025, a decrease of 6.7% year-over-year, and EPS of $0.51, down from $1.34 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $981.56 million by 1.48%, and the EPS was also below the consensus estimate of $0.52 by 1.92% [1] Financial Performance Metrics - ArcBest's shares have declined by 16.3% over the past month, contrasting with the Zacks S&P 500 composite's decline of 0.8%, indicating potential underperformance in the near term with a Zacks Rank 4 (Sell) [3] - The Asset-Light Operating Ratio was reported at 101.2%, slightly better than the average estimate of 101.6% from three analysts [4] - The Asset-Based Operating Ratio was 95.9%, aligning closely with the average estimate of 95.7% from three analysts [4] - Asset-Based revenues were reported at $646.29 million, a decrease of 3.8% year-over-year, compared to the average estimate of $647.61 million from four analysts [4] - Asset-Light revenues were reported at $356.01 million, down 10.2% year-over-year, against the average estimate of $366.20 million from four analysts [4] - The reported revenue from Other and eliminations was -$35.23 million, worse than the average estimate of -$31.14 million from three analysts, but showed a year-over-year improvement of 12.2% [4]

Financial Data and Key Metrics Changes - Consolidated revenue decreased by 7% year-over-year to $967 million, with non-GAAP operating income from continuing operations at $17 million compared to $43 million in the prior year [24] - Adjusted earnings per share were $0.51, down from $1.34 in Q1 2024 [24] - The Asset Based segment saw a $27 million decrease in operating income, while the Asset Light segment's non-GAAP operating loss improved to $1 million from $4 million the previous year [24] Business Line Data and Key Metrics Changes - Asset Based business revenue was $646 million, a daily decrease of 3%, with an operating ratio of 95.9%, an increase of 390 basis points year-over-year [25] - Daily shipments in the Asset Based segment were flat year-over-year, while weight per shipment decreased by 4%, resulting in a 4% decrease in tons per day [25] - Asset Light segment revenue was $356 million, a daily decrease of 9%, with shipments per day down 4% due to a strategic reduction in less profitable truckload volumes [29] Market Data and Key Metrics Changes - In April 2025, the Asset Based business achieved a 4% year-over-year increase in daily shipments, despite a 3% decrease in weight per shipment [28] - The pricing environment remains rational, with a 4.9% average increase on contract renewals during the quarter [27][53] - The company noted a decline in shipments within the manufacturing vertical, impacting revenue per hundredweight [28] Company Strategy and Development Direction - The company is focused on driving profitable growth, advancing premium service for customers, and optimizing efficiency [13] - Investments in technology and operational efficiency are expected to enhance service levels and reduce costs [89] - The company is adapting to changes in trade policies and tariffs, aiming to support customers in navigating these challenges [6][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver long-term value despite challenges in the freight environment [12] - The leadership team highlighted a disciplined approach to pricing and operational efficiency to outpace rising costs [27][41] - Management noted that while external factors are unpredictable, the company is focused on controlling its operations and maintaining financial discipline [32] Other Important Information - The company expects capital expenditures for 2025 to be between $225 million and $275 million, focusing on maintenance and strategic investments [31] - The company has approximately $350 million in available liquidity, indicating a strong balance sheet [32] Q&A Session Summary Question: Near term setup and profitability targets - Management expects normal seasonality to drive revenue increases and continues to implement cost initiatives to align workforce with business levels [36][38] Question: Tonnage and revenue per hundredweight trends - Management noted a 1% sequential increase in tonnage but a 1% decrease in revenue per hundredweight, attributing this to a mix of easier-to-handle shipments [40][44] Question: Competitive environment and pricing dynamics - Management emphasized that the pricing environment remains rational, with no significant pressure from competitors to lower prices [53][66] Question: Retail exposure and inbound traffic from China - The company has around 10% exposure to the retail sector, with variations between asset-based and asset-light businesses [80] Question: Strategies in a stagflation environment - Management highlighted operational efficiencies and strategic investments as key levers to navigate inflationary pressures [88][91]

Earnings Presentation 1Q'25 Forward Looking Statements 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 financial outlook, positi ...

Company Performance - ArcBest reported quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.52 per share, and down from $1.34 per share a year ago, representing an earnings surprise of -1.92% [1] - The company posted revenues of $967.08 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.48%, and down from $1.04 billion year-over-year [2] - Over the last four quarters, ArcBest has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance - ArcBest shares have lost approximately 36.7% since the beginning of the year, compared to a decline of -6% for the S&P 500 [3] - The current Zacks Rank for ArcBest is 4 (Sell), indicating expected underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $1.57 on revenues of $1.08 billion, and for the current fiscal year, it is $5.87 on revenues of $4.3 billion [7] - The estimate revisions trend for ArcBest is currently unfavorable, which may change following the recent earnings report [6] Industry Context - The Transportation - Truck industry, to which ArcBest belongs, is currently in the bottom 5% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can significantly impact stock performance [5][8]

Exhibit 99.1 Investor Relations Contact: Amy Mendenhall Media Contact: Autumnn Mahar Phone: 479-785-6200 Phone: 479-494-8221 Email: invrel@arcb.com Email: amahar@arcb.com ArcBest Announces First Quarter 2025 Results FORT SMITH, Arkansas, April 29, 2025 — ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today reported first quarter 2025 revenue of $967.1 million, compared to $1.0 billion in first quarter 2024. Net income from continuing operations was $3.1 million, or $0.13 per diluted share, co ...

The market expects ArcBest (ARCB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apr ...

Freight and logistics remain challenged amid the sticky inflation and softer demand. Even ArcBest Corporation (NASDAQ: ARCB ) , an industry player that has existed for nearly 60 years, cannot cushion the impact. Its weaker topline performance was evident in 2024. Despite allI have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logist ...

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Financial Performance - Revenues for 2024 were $4,179,019, a decrease of 5.6% from $4,427,443 in 2023[455] - Operating income increased to $244,434 in 2024, up 41.6% from $172,619 in 2023[455] - Net income from continuing operations was $173,361, representing a 22% increase compared to $142,164 in 2023[455] - Net income for 2024 was $173.961 million, a decrease of 10.9% from $195.433 million in 2023 and a significant drop from $298.209 million in 2022[460] - The company reported a total comprehensive income of $169,909 in 2024, down from $192,654 in 2023[457] - Total consolidated revenues decreased to $4.179 billion in 2024 from $4.427 billion in 2023, a decline of approximately 5.6%[622] - The Asset-Based segment generated revenues of $2.750 billion in 2024, down from $2.871 billion in 2023, a decrease of 4.2%[622] - The Asset-Light segment's revenues fell to $1.553 billion in 2024 from $1.681 billion in 2023, a decline of 7.6%[622] Assets and Liabilities - Total current assets decreased to $675,642 in 2024, down 23.6% from $884,783 in 2023[454] - Total assets decreased to $2,429,731 in 2024, down 2.2% from $2,485,094 in 2023[454] - Total stockholders' equity increased to $1,314,362 in 2024, up 5.8% from $1,242,363 in 2023[454] - Cash and cash equivalents decreased to $127,444 in 2024, down 51.4% from $262,226 in 2023[454] - Total accrued expenses increased to $394.9 million in 2024 from $378.0 million in 2023, driven by higher workers' compensation and casualty claims reserves[569] - Long-term debt as of December 31, 2024, totaled $189.1 million, an increase from $178.9 million in 2023, with a weighted-average interest rate of 4.6%[557] Cash Flow and Investments - The Company reported net cash provided by operating activities of $285.846 million in 2024, down from $322.167 million in 2023[460] - The Company purchased property, plant, and equipment totaling $223.103 million in 2024, compared to $219.021 million in 2023[460] - Cash and cash equivalents at the end of 2024 were $127.444 million, a decrease from $262.226 million at the end of 2023[460] - The fair value of the company's equity investment in Phantom Auto increased by $3.7 million in 2023[627] Market Risks - Future borrowings under the Credit Facility and A/R Securitization are at a SOFR based variable interest rate, exposing the company to interest rate risks[435] - The company is exposed to market risk from changes in interest rates, diesel fuel prices, and foreign currency exchange rates[433] - The company has not engaged in a program for fuel price hedging and had no fuel hedging agreements outstanding as of December 31, 2024[438] - The company has not entered into any foreign currency forward exchange contracts to hedge against adverse fluctuations in foreign currency exchange rates[440] Employee and Pension Obligations - The Company recognized discretionary contribution expenses of $11.5 million in 2024, compared to $13.1 million in 2023 and $19.1 million in 2022[580] - The Company reported a matching expense for nonunion 401(k) plans totaling $9.2 million in 2024, up from $7.1 million in 2023[580] - Approximately 4% of ABF Freight's multiemployer pension plan contributions in 2024 were made to plans in "critical and declining status" and 54% to plans in "critical status"[592] - The funded percentage of the Central States Pension Plan was reported at 98.5% as of January 1, 2023, despite being in critical status through 2051 due to SFA Program funding[599] Shareholder Returns - The Company declared dividends on common stock amounting to $11.295 million in 2024, slightly down from $11.542 million in 2023[460] - Dividends declared for 2024 were consistent at $0.12 per share across all four quarters, totaling approximately $11.3 million for the year[608] - In 2024, the company repurchased 654,707 shares for a total cost of $75.2 million, leaving $56.6 million remaining under the share repurchase program[611] Impairments and Write-offs - The company recorded a pre-tax, noncash impairment charge of $28.7 million for its equity investment in Phantom Auto in Q1 2024 due to the company's cessation of operations[530] - The accumulated impairment of goodwill remained at $20 million as of December 31, 2024, with no impairment identified during the annual evaluation[537] - The company recorded impairment charges for revenue equipment and software totaling $1.7 million in Q4 2024 as part of a strategic decision to adjust capacity[531] Revenue Recognition and Accounting Policies - The company recognizes revenue based on the expense incurred relative to each shipment's transit time, utilizing a bill-by-bill analysis for revenue recognition[501] - The company estimates variable consideration for discounts based on historical expectations, ensuring revenue recognition aligns with actual amounts earned[502] - The company has adopted an amendment to ASC Topic 280, enhancing disclosures of significant segment expenses, effective from the fourth quarter of 2024[515]