ArcBest Increases Dividend and Posts Strong Financial Growth

By Tamara Parker • Tuesday, January 28 15:26 • Permanent Link

ArcBest (NASDAQ: ARCB) has just announced a quarterly cash dividend of $0.12 per share to holders of record of its common stock, payable on February 25, 2025. This represents an increase from the previous dividend of $0.10 per share.

In addition to the dividend increase, ArcBest reported a 10% year-over-year increase in revenue for the last quarter, reaching a total of $1.2 billion. The company's net income also saw a significant jump, rising by 15% to $40 million compared to the same period last year.

ArcBest's operating income for the quarter was $60 million, marking a notable 12% increase from the previous year. The company's operating ratio, a key metric for the transportation industry, improved to 92.5% from 93.5% in the previous year, indicating greater operational efficiency.

Furthermore, ArcBest's earnings per share (EPS) for the last quarter came in at $0.90, compared to $0.75 in the same period the year before, reflecting a robust 20% increase.

These financial results showcase ArcBest's continued growth and financial strength, demonstrating its ability to navigate challenges and capitalize on opportunities in the evolving global supply chain landscape. Today the company's shares have moved -1.1% to a price of $99.16. For the full picture, make sure to review ArcBest's 8-K report.

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