ArcBest(US:ARCB)2026-01-30 11:00Financial 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]