ARCBEST CORP /DE/

ArcBest Corporation announced that its Board of Directors has approved a quarterly cash dividend. The dividend amount is set at $0.12 per share. Shareholders who are on record as of November 13, 2026, will be eligible to receive this dividend, which is scheduled to be paid on November 27, 2026.

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™.

ArcBest provided an update on its preliminary second quarter 2026 financial results and business trends for its Asset-Based and Asset-Light segments. The Asset-Based segment saw a 10% increase in billed revenue per day and a 5% increase in tonnage per day for the quarter-to-date period. The company anticipates a sequential improvement of 600 to 700 basis points in the Asset-Based non-GAAP operating ratio for Q2. The Asset-Light segment reported a 28% year-over-year increase in daily revenue and a 15% increase in daily shipments for the quarter-to-date, with an expected non-GAAP operating income of $3 million to $5 million for Q2.

ArcBest Corporation filed an Amendment No. 1 to its Current Report on Form 8-K. This amendment was filed solely to correct a clerical error on the cover page, changing the listed state of incorporation from Delaware to Texas. The company's conversion to the State of Texas was originally disclosed in the initial 8-K filed on May 15, 2026, and no other disclosures in that report were modified by this amendment.

ArcBest Corporation and its wholly-owned subsidiary, ArcBest Funding LLC, terminated the Third Amended and Restated Receivables Loan Agreement with Toronto-Dominion Bank on May 18, 2026. This agreement, which provided for up to $50 million in committed funding, primarily supported letters of credit for the company's self-insured workers' compensation and third-party casualty claims. Following the termination, these letters of credit will be issued under the Fifth Amended and Restated Credit Agreement. The company reported no outstanding letters of credit or amounts drawn under the terminated agreement and incurred no early termination penalties.

ArcBest Corporation completed its reincorporation from a Delaware corporation to a Texas corporation, effective May 15, 2026. This conversion resulted in a change of domicile and governing corporate law, with the company now operating under Texas corporate law, the Texas Charter, and Texas Bylaws. The reincorporation did not impact the company's name, headquarters, business operations, management, employees, assets, or liabilities, and its common stock continues to trade on Nasdaq under "ARCB."

ARCBEST CORP /DE/ reported a mixed first quarter for 2026, with revenues increasing by 3.3% to $998.8 million compared to the prior year. However, the company experienced a net loss of $1.0 million, or $(0.05) per diluted share, a significant decline from a net income of $3.1 million in Q1 2025. Operating income also decreased by 48.3%. Despite the net loss, cash provided by operating activities improved significantly, turning positive at $8.5 million. The company also declared a quarterly dividend of $0.12 per share and repurchased $7.4 million in treasury stock.

ArcBest reported first quarter 2026 revenue of $998.8 million, a 3.3% increase year-over-year. The company posted a GAAP net loss of $1.0 million, or $0.05 per diluted share, compared to net income in the prior year. On a non-GAAP basis, net income was $7.2 million, or $0.32 per diluted share. The company saw growth in Asset-Based shipments and tonnage and improved Asset-Light profitability, returning over $10 million to shareholders. Management expects sequential improvement in Q2 2026 for both segments.

ArcBest Corporation announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per share. This dividend will be distributed to shareholders who are on record as of May 8, 2026, with the payment scheduled for May 22, 2026.