ArcBest(ARCB) - 2022 Q3 - Earnings Call Presentation

Financial Performance - Q3 2022 - ArcBest consolidated revenue reached $1.4 billion[13] - Non-GAAP operating income was $131.1 million[13], a 33% year-over-year increase[13] - Non-GAAP net income was $3.80 per diluted share[15], a 43% year-over-year increase[15] - Asset-Based revenue was $791.5 million[16], a 29% year-over-year increase[16] - Asset-Light revenue was $604.5 million[18], a 61% year-over-year increase[18] Financial Position - Trailing twelve months EBITDA was $590 million[15] - The company had a liquidity of $541 million[15] - The company had a net cash of $48 million[15] Asset-Based Segment Metrics - Asset-Based segment achieved a Non-GAAP operating ratio of 85.3%[16], a 140 bps year-over-year improvement[16] - Total Billed Revenue per hundredweight increased 16% year-over-year[16] - Daily shipments increased 4.4% year-over-year[16] - Daily tonnage increased 11.1% year-over-year[16] Asset-Light Segment Metrics - Asset-Light segment Non-GAAP operating income was $19.9 million[18] - Asset-Light segment Adjusted EBITDA was $21.8 million[18], a 53% year-over-year increase[18] - October 2022 Daily Revenue for Asset-Light operations increased 40% year-over-year[18] Strategic Initiatives - The company is focused on reaching $7 billion to $8 billion in revenue by 2025[11] - Over 60% of asset-light customers also use asset-based services[5, 26]