Quarterly ResultJul 29, 2026, 06:11 AM
ArcBest Q2 Non-GAAP EPS $2.38, Revenue $1.2B; GAAP Net Loss $13.8M
AI Summary
ArcBest announced its second quarter 2026 results, reporting a GAAP net loss of $13.8 million, or $0.62 per diluted share, primarily due to restructuring and asset impairment charges. However, on a non-GAAP basis, net income rose to $53.6 million, or $2.38 per diluted share, reflecting strong operational performance. Total revenue increased to $1.2 billion, driven by growth in both Asset-Based and Asset-Light segments. The company highlighted disciplined execution, a more constructive operating environment, and progress on strategic initiatives like the launch of ArcBest View™.
Key Highlights
- Q2 2026 revenue totaled $1.2 billion, up from $1.0 billion in Q2 2025.
- GAAP net loss was $13.8 million, or $0.62 per diluted share, compared to net income of $25.8 million, or $1.12 per diluted share in Q2 2025.
- Non-GAAP net income was $53.6 million, or $2.38 per diluted share, up from $31.2 million, or $1.36 per diluted share in Q2 2025.
- Asset-Based revenue increased 9.9% per day to $783.7 million, with operating income of $74.3 million.
- Asset-Light revenue grew 28.3% per day to $438.7 million, reporting a GAAP operating loss of $31.3 million but non-GAAP operating income of $6.3 million.
- Restructuring charges and asset impairment charges significantly impacted GAAP results, leading to a net loss.
- The company expects Q3 2026 Asset-Light non-GAAP operating income of $6 million to $8 million.
- $96.5 million remained available for future share repurchases as of July 24, 2026.
Price Impact
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