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  1. #1
    Taking A Stand!!!

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    Default ArcBest Announces Fourth Quarter 2016 And Full Year 2016 Results

    FORT SMITH, Ark., Feb. 8, 2017 /PRNewswire/ -- ArcBestSM (ARCB) today reported fourth quarter 2016 net income of $1.6 million, or $0.06 per diluted share, compared to fourth quarter 2015 net income of $5.0 million, or $0.19 per diluted share. ArcBest's fourth quarter 2016 revenue was $688.2 million versus revenue of $648.1 million in the same period of 2015, an increase of 6.2 percent.

    Excluding certain items in both periods as identified in the attached reconciliation tables, ArcBest's non-GAAP net income was $7.6 million, or $0.29 per diluted share, in fourth quarter 2016 compared to fourth quarter 2015 non-GAAP net income of $5.5 million, or $0.21 per diluted share. Adjustments in the fourth quarter 2016 period included $10.3 million, or $0.24 per diluted share after-tax, related to a reorganization charge for impairment of software, contract and lease terminations and severance associated with ArcBest's new corporate structure that was implemented beginning in 2017.

    "Throughout 2016, during an inconsistent operating environment in our industry, we saw a positive reception from customers about our commitment to provide full supply chain solutions they seek as we continued to grow our company," said ArcBest Chairman, President and CEO Judy R. McReynolds. "We accelerated that commitment when we announced a new, enhanced market approach in November that enables us to provide a better customer experience by simplifying our organization and offering logistics solutions primarily under the ArcBest brand. With this new structure operational as of January 1, our ArcBest team is fully engaged and delivering integrated logistics solutions through an exceptional customer experience."
    https://finance.yahoo.com/news/arcbe...110000329.html

  2. #2
    Taking A Stand!!!

    Join Date
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    Default Re: ArcBest Announces Fourth Quarter 2016 And Full Year 2016 Results

    ArcBest beats Street 4Q forecasts



    First time in a long time if memory serves me correctly.
    FORT SMITH, Ark. (AP) _ ArcBest Corp. (ARCB) on Wednesday reported fourth-quarter net income of $1.6 million.

    The Fort Smith, Arkansas-based company said it had profit of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

    The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

    The freight transportation and logistics company posted revenue of $688.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $671.6 million.
    https://finance.yahoo.com/news/arcbe...112038518.html

 

 

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