- ArcBest press release ( NASDAQ: ARCB ): Q4 Non-GAAP EPS of $2.45 misses by $0.08 .
- Revenue of $1.24B (+4.2% Y/Y) misses by $10M .
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Advancing Strategic Initiatives to Better Serve Customers,Drive Efficiencies and Enhance Value
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Celebrates 100 Years of Delivering Cutting-Edge Supply Chainand Logistics Solutions to Customers Worldwide
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Returned $76 million to shareholders through stock repurchase program and dividends paid.
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Continued strong results will enable ABF Freight to pay a profit-sharing bonus to qualifying union-represented employees for the fourth year in a row.
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CEO Comment: "Our fourth quarter and record-breaking full-year 2022 results are directly related to our relentless pursuit of excellence. Despite the challenges in 2022 as a result of ongoing macro trends, the ArcBest team remained focused on serving our customers and advancing our strategic initiatives. We see tremendous opportunity ahead as we celebrate our 100th anniversary in 2023 – an impressive milestone that would not be possible without our dedicated people, who are at the heart of our success. Looking forward, we are confident that our continued investments in ArcBest's people, our unrivaled network of integrated logistics solutions and innovative mindset will drive continued growth, greater efficiency and value creation for generations to come."
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ArcBest Non-GAAP EPS of $2.45 misses by $0.08, revenue of $1.24B misses by $10M