Logistics company ArcBest Corporation (ARCB) Tuesday reported profit of $48.79 million, or $2.01 per hare for the fourth quarter, higher than $37.34 million, or $1.48 per share, in the prior-year period. The company also decided to enhance the share purchase program to $125 million.
Net income from continuing operations was $48.79 million or $2.06 per share compared with $36.49 million or $1.48 per share a year ago.
Excluding one-time items, earnings from continuing operations were $59.98 million or $2.47 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $2.21 per share. Analysts' estimates typically exclude special items. Revenue from continuing operations was $1.089 billion, slightly below $1.163 billion last year. The consensus estimate was for $1.09 billion.
Additionally, on February 5, ArcBest's board of directors has increased its previously approved share repurchase program to $125 million. During 2023, ArcBest had purchased $91.5 million of shares.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.