Earnings Recap: ArcBest Corporation (NASDAQ: ARCB)

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FORT SMITH, Ark, February 8, 2020 – Shares of ArcBest Corporation (NASDAQ: ARCB) declined -1.42% to $22.87. The stock traded total volume of 108.590K shares lower than the average volume of 161.62K shares.

ArcBest Corporation (NASDAQ: ARCB) reported third quarter 2019 revenue of $787.60M compared to third quarter 2018 revenue of $826.20M.  Third quarter 2019 operating income was $31.20M compared to operating income of $56.10M in third quarter last year. Third quarter net income was $16.30M, or $0.62 per diluted share compared to third quarter 2018 net income of $40.80M, or $1.52 per diluted share.

Excluding certain items in both periods, including final nonunion pension charges of $6.00M, or $0.23 per diluted share, eliminating any further nonunion pension expense, non‑GAAP net income was $27.00M, or $1.02 per diluted share, in third quarter 2019 compared to third quarter 2018 net income of $40.00M, or $1.49 per diluted share.

ARCB has the market capitalization of $659.19M and its EPS growth ratio for the past five years was 32.20%. The return on assets ratio of the Company was 3.80% while its return on investment ratio stands at 8.70%. Price to sales ratio was 0.22 while 95.40% of the stock was owned by institutional investors.