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ArcBest (ARCB) investor relations material
ArcBest Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Leadership transition as Judy McReynolds retires as CEO, succeeded by Seth Runser, with continued focus on growth, efficiency, and innovation.
Q3 2025 revenue was $1.0 billion, with non-GAAP EPS of $1.46 and shipment growth in Asset-Based and record productivity in Asset-Light, despite a soft freight environment.
Net income from continuing operations was $39.3 million ($1.72 per diluted share), down from $100.3 million ($4.23 per diluted share) in Q3 2024, which included a $69.1 million after-tax benefit from MoLo acquisition contingent consideration.
Over $66 million returned to shareholders via share repurchases and dividends year-to-date.
Company remains committed to delivering integrated logistics solutions and maintaining strong customer relationships.
Financial highlights
Q3 2025 consolidated revenue was $1.0 billion, down from $1.1 billion year-over-year.
Non-GAAP operating income from continuing operations was $50 million, down from $55 million last year.
Adjusted EPS was $1.46, compared to $1.64 in Q3 2024.
Asset-Based segment revenue was $726 million, up 2% per day; Asset-Light segment revenue was $356 million, down 8% per day year-over-year.
Asset-Light non-GAAP operating income improved to $1.6 million from a $4 million loss last year.
Outlook and guidance
Q4 operating ratio expected to increase by 400 basis points sequentially due to continued freight market softness.
Asset-Light segment anticipates a Q4 operating loss of $1 million-$3 million, reflecting seasonality and market dynamics.
2028 targets include Asset-Based non-GAAP operating ratio of 87%-90%, Asset-Light non-GAAP operating income of $40M-$70M, total operating cash flow of $400M-$500M, and non-GAAP EPS of $12-$15.
Full-year 2025 capital expenditures are estimated at $200 million, with $130 million for revenue equipment and $35 million for real estate and facility upgrades.
The company expects to maintain quarterly dividends and continue share repurchases, subject to board discretion and financial performance.
Detail Q4 cost reduction levers
LTL capacity post-Yellow: pricing power outlook
Asset-Light productivity: mix vs. initiatives impact
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Frequently asked questions
ArcBest Corporation provides logistics and transportation solutions including less-than-truckload freight, truckload services, and supply chain optimization. It serves customers in manufacturing, retail, and distribution across North America. The company is headquartered in Fort Smith, Arkansas, and its shares are listed on the NASDAQ.
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