ARCB - ArcBest Corporation (ARCB) Q1 2024 Earnings Call Transcript
2024-04-30 16:44:02 ET
ArcBest Corporation (ARCB)
Q1 2024 Earnings Conference Call
April 30, 2024, 09:30 ET
Company Participants
David Humphrey - VP, IR
Judy McReynolds - Chairman, President & CEO
Matt Beasley - CFO
Seth Runser - President-ABF Freight
Conference Call Participants
Ravi Shanker - Morgan Stanley
Jason Seidl - TD Cowen
Jordan Alliger - Goldman Sachs
Ken Hoexter - Bank of America Merrill Lynch
Daniel Imbro - Stephens
Brian Ossenbeck - JPMorgan
Ben Mohr Mok - Deutsche Bank
Tom Wadewitz - UBS
Stephanie Moore - Jefferies
Jeff Kauffman - Vertical Research Partners
Andrew Cox - Stifel
Presentation
Operator
Good morning. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the ArcBest First Quarter 2024 Earnings Conference Call. [Operator Instructions]. I would now like to turn the conference over to Mr. David Humphrey, Vice President of Investor Relations. Please go ahead.
David Humphrey
Thank you for joining us. Today, we'll provide an update on our business, walk through -- walk you through the details of our recent first quarter 2024 results and then answer some questions. Joining me for the prepared remarks are Judy McReynolds, Chairman, President and CEO of ArcBest; Matt Beasley, Chief Financial Officer; and Seth Runser our President of ABF Freight. In addition, Steven Leonard, Chief Commercial Officer and President of Asset Lot Logistics; Dennis Anderson, Chief Strategy Officer; and Christopher Atkins, Vice President, Yield Strategy and management are available to help answer questions.
To help you better understand ArcBest in our results, some forward-looking statements could be made during this call. Forward-looking statements, by their very nature, are subject to uncertainties and risks. For a more complete discussion of factors that could affect ArcBest's future results, please refer to the forward-looking statements section of our earnings press release and our most recent SEC public filings.
To provide meaningful comparisons, certain information discussed in this call includes non-GAAP financial measures as outlined and described in the tables in our earnings press release. Reconciliations of the GAAP financial measures to the related non-GAAP measures discussed in this call are also provided in the additional information section of the presentation slides.
As a reminder, there is a conference call slide deck that can be found on the ArcBest website, arcb.com and exhibit 99.3 of the 8-K that was filed earlier this morning. Before I turn the call over to Judy, I want to let you all know that I will be retiring from ArcBest at the end of August. So the second quarter earnings conference call will be the last one I do. It's been a privilege being a part of this wonderful company for my entire career. I came here right out of college in 1983, and it was the best career decision I could have made. It's been an honor to have been part of the success story of growing from a $468 million LTL company into a multibillion-dollar integrated logistics company.
But as the proud grandfather of 7, I'm looking forward to speaking -- to spending more time with my family. I look forward to watching and cheering for ArcBest as it continues to prosper in its second century of business. With that, I will now turn it over to Judy.
Judy McReynolds
Good morning, everyone. I'd like to begin by expressing my heart felt gratitude to David for his enormous contributions to ArcBest. As he prepares for a well-deserved retirement, we celebrate his remarkable tenure of nearly 41 years with us, 26 of which he spent leading our Investor Relations team. Throughout my time as CEO and even before that, I've had the privilege of working closely with David. He has been an outstanding colleague and friend, and his dedication and leadership have been instrumental to our success...
ArcBest Corporation (ARCB) Q1 2024 Earnings Call Transcript