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  1. #1
    Taking A Stand!!!

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    Default ArcBest Announces Its Third Quarter 2020 Earnings Conference Call

    FORT SMITH, Ark., Oct. 6, 2020 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB) will announce its third quarter 2020 financial results prior to the opening market on Tuesday, November 3, 2020. A conference call with company executives will be held that day at 9:30 a.m. ET (8:30 a.m. CT) to discuss these results. Interested parties are invited to listen by calling (800) 268–2160.
    https://finance.yahoo.com/news/arcbe...173700944.html

  2. #2
    Taking A Stand!!!

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    Default Re: ArcBest Announces Its Third Quarter 2020 Earnings Conference Call

    ArcBest® Announces Third Quarter 2020 Results

    FORT SMITH, Ark. , Nov. 3, 2020 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today reported third quarter 2020 revenue of $795.0 million compared to third quarter 2019 revenue of $787.6 million . Third quarter 2020 operating income was $39.8 million compared to operating income of $31.2 million in the same period last year. Net income was $29.4 million , or $1.11 per diluted share, compared to third quarter 2019 net income of $16.3 million , or $0.62 per diluted share.

    Excluding certain items in both periods as identified in the attached reconciliation tables, non-GAAP operating income was $45.8 million in third quarter 2020 compared to third quarter 2019 non-GAAP operating income of $38.1 million . On a non-GAAP basis, net income was $32.4 million , or $1.22 per diluted share, in third quarter 2020 compared to third quarter 2019 net income of $27.0 million , or $1.02 per diluted share.

    At September 30, 2020 , ArcBest's consolidated cash and short-term investments, less debt, were $59 million net cash compared to the $41 million net cash position at June 30, 2020 , reflecting an $18 million improvement during the third quarter.

    "I am incredibly proud of our employees and how they have performed on behalf of customers as we navigate through the pandemic together," said Judy R. McReynolds , chairman, president and CEO of ArcBest. "Throughout the third quarter and into October the ArcBest team, enabled by technology and assured capacity options, is providing much-needed flexibility to customer supply chains while also improving operational efficiency. Our company was built on strong customer relationships and it is our goal to ensure those customers are positioned well to succeed."
    https://finance.yahoo.com/news/arcbe...110000233.html

 

 

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