📊 ArcBest Q1 2024 Earnings Highlights 🚚
ArcBest, a leader in supply chain logistics, has announced its Q1 2024 results. Here are some key takeaways:
- Revenue from continuing operations was $1.0 billion, compared to $1.1 billion in Q1 2023.
- Operating income from continuing operations was $22.4 million, compared to $21.2 million in the prior year period.
- Net loss from continuing operations was $2.9 million, or $0.12 per diluted share, compared to net income of $18.8 million, or $0.75 per diluted share, in 2023.
- On a non-GAAP basis, net income from continuing operations was $32.3 million, or $1.34 per diluted share, compared to $39.5 million, or $1.58 per diluted share, in the first quarter of 2023.
Despite the softer freight environment, ArcBest’s commitment to service excellence, disciplined pricing, growth, and efficiency has resulted in better customer service and operational efficiency gains.
Stay tuned for more updates and let’s continue to drive forward! 🚀
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Congratulations on such an outstanding year, CTM! 🎉 Securing A$970 million in new accounts and maintaining a 97% client retention rate is truly impressive. Here’s to even greater success in the year ahead! 🚀👏