Line of Credit 
Print FormatArcBest Clocks 61% Revenue Growth In Q1, Beats Street Expectation
- ArcBest Corp NASDAQ:ARCB reported first-quarter FY22 revenue growth of 61% year-over-year to
$1.34 billion , beating the consensus of$1.26 billion . - Adjusted EPS improved to
$3.08 from$1.06 in 1Q21, beating the consensus of$2.15 . - Sales by segments: Asset-Based
$705.31 million (+26.8% Y/Y), and Asset-Light$673.66 million (+116.3% Y/Y). - The operating income increased to
$94.93 million from$32.19 million a year ago, and the margin expanded by 323 bps to 7.1%. - Asset-Based total tonnage per day increased by 3.6%, including a rise of 0.9% in LTL-rated weight per shipment. Total shipments per day increased by 0.2%.
- Total billed revenue per hundredweight increased 21.1% YY, positively impacted by higher fuel surcharges.
- Adjusted EBITDA increased by 99.5% Y/Y to
$132.6 million , and margin expanded by 191 bps to 9.9%. - ArcBest's cash used in operating activities for Q1 totaled
$11.25 million , compared to cash generated of$22.53 million a year ago. - Buyback and Dividend: Recently, the company increased its buyback program to
$75 million and raised its quarterly dividend by 50%, from$0.08 to$0.12 /share. The dividend will be paid onMay 25, 2022 , to holders of record onMay 11, 2022 . - Price Action: ARCB shares are trading lower by 3.77% at
$73.55 on the last check Friday.
