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FORT SMITH, Ark. - ArcBest Corporation (NASDAQ:ARCB) reported first quarter 2025 earnings that fell short of analyst expectations on Tuesday.
The company’s shares were down -2.52% in premarket trading following the earnings release.
The logistics company posted adjusted earnings per share of $0.51, missing the consensus estimate of $0.52. Revenue came in at $967.1 million, below Wall Street’s forecast of $989.28 million and down 6.7% YoY from $1.04 billion.
ArcBest’s Asset-Based segment, which includes less-than-truckload operations, saw revenue decline 3.8% YoY to $646.3 million. The company cited "prolonged manufacturing sector weakness" as negatively impacting shipment weights and profitability.
"Customers need trusted partners to help them navigate the ever-changing environment, and I’m proud of our employees for working hand-in-hand with customers to develop solutions, solve challenges and build trust," said ArcBest Chairman and CEO Judy R. McReynolds.
The Asset-Light segment, which includes truckload brokerage and other logistics services, reported revenue of $356.0 million, down 10.2% YoY. ArcBest said the segment benefited from improved margins and productivity, but continued to face headwinds from excess truckload capacity.
The company returned over $24 million to shareholders through share repurchases and dividends during the quarter.
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