Why Is Logistics Company ArcBest Stock Plunging Today?
Why Is Logistics Company ArcBest Stock Plunging Today?
ArcBest Corp (NASDAQ:ARCB) reported a second-quarter FY24 revenue of $1.08 billion, ahead of the consensus of $1.06 billion.
ArcBest公司（NASDAQ：ARCB）报告2014财年第二季度营业收入为10.8亿美元，超出了10.6亿美元的共识。
Sales by segments: Asset-Based $712.7 million (per-day decrease of 2.1%), and Asset-Light $395.8 million (per-day decrease of 4.2%).
按部门销售：基于资产的销售额为71270万美元（每日下降2.1%），轻资产销售额为39580万美元（每日下降4.2%）。
Asset-based business total tonnage per day decreased by 20.3%, and total shipments per day fell by 4.8% Y/Y.
基于资产的业务总吨每日降低20.3％，每日总托运量同比下降了4.8％。
Pricing momentum persisted this quarter due to a better freight mix, higher pricing on transactional shipments and contract renewal increases of 5.1%, with overall LTL industry pricing staying rational.
本季度由于更好的配货组合，单笔运输的更高价格以及合同续签的增加5.1％，价格势头持续增长，整个LTL行业的价格保持合理。
Meanwhile, Asset-Light revenues declined due to lower revenue per shipment and reduced margins from a soft rate environment and a higher share of lower-margin managed transportation business. Shipments per day grew by 12.6% Y/Y.
与此同时，由于软性费率环境和更高比例的低毛利润承运业务，轻资产收入下降。每日托运量同比增长了12.6％，每笔运输的收入较低，利润减少。
Adjusted EBITDA from continuing operations rose to $94.8 million from $76.30 million a year ago. Adjusted EPS was $1.98 compared to $1.54 a year ago, missing the consensus of $2.06.
持续经营调整EBITDA的从继续经营的操作中升至9480万美万元，而去年同期为7630万美元。调整后的每股收益为1.98美元，而去年同期为1.54美元，未能达到2.06美元的共识。
ArcBest's operating cash flow for the six months totaled $140.2 million, compared to $103.8 million a year ago. The company held cash and equivalents of $260.5 million as of June-end.
ArcBest公司的六个月运营现金流总额为1.4亿美元，而去年同期为1.038亿美元。截至6月底，该公司持有现金和等价物2.605亿美元。
ArcBest declared a quarterly cash dividend of $0.12 per share, payable on August 27, 2024.
ArcBest宣布每股现金股息为0.12美元，于2024年8月27日支付。
Judy R. McReynolds, ArcBest Chairman and CEO, said, "I am incredibly proud of our employees' commitment to utilizing our quality process in pursuit of excellence every day. This dedication has led to significant improvements in our operational execution, with ABF Freight achieving its best on-time service performance in recent years."
ArcBest董事长兼首席执行官Judy R. McReynolds表示：“我对我们员工通过追求卓越而利用我们的品质流程的承诺感到非常自豪。这种奉献精神已经导致我们在运营执行方面取得了显着的改进，其中ABF Freight公司实现了最近几年最好的准时服务表现。”
"Furthermore, our substantial year-over-year improvement in operating income is a solid performance, especially considering ongoing macroeconomic headwinds."
“此外，我们在营业收入方面的实现大幅同比提高，尤其考虑到持续的宏观经济风险，这是一个坚实的业绩。”
Investors can gain exposure to the stock via Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NYSE:NRSH) and SPDR S&P Transportation ETF (NYSE:XTN).
投资者可以通过Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF （NYSE：NRSH）和SPDR S＆P Transportation ETF（NYSE：XTN）购买该股。
Price Action: ARCB shares traded lower by 10.9% at $108.37 at the last check Friday.
股价动态：上周五最后交易时，ARCb股价下跌10.9％，至108.37美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
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图片来自shutterstock。