arcbest corp (ARCB) Key Developments
ArcBest Corporation Announces Management Changes
Dec 19 14
ArcBest Corporation announced that David R. Cobb has been named as Chief Financial Officer, effective January 1, 2015, while previous CFO Michael E. Newcity takes on a newly created role as the company's Chief Innovation Officer and President of subsidiary ArcBest Technologies. Cobb's experience includes work with multinational and publicly traded corporations to startup operations in a vast range of business environments, including fast-growth and acquisition integrations.
ArcBest Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides CapEx Guidance for the Full Year of 2014
Nov 3 14
ArcBest Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue was $711.3 million compared to revenue of $623.4 million in the third quarter of 2013, an increase of 14%. Net income was $19.6 million and $0.72 per basic and diluted share compared to third quarter 2013 net income of $14.0 million, and $0.52 per basic and diluted share. Operating income was $32.941 million against $20.502 million a year ago. Income before income taxes was $32.556 million against $21.004 million a year ago. Non-GAAP net income was $20.110 million or $0.74 per diluted share against $14.265 million or $0.53 per diluted share a year ago.
For the nine months, the company reported revenues of $1,947.845 million against $1,720.999 million a year ago. Operating income was $51.190 million against $5.568 million a year ago. Income before income taxes was $50.972 million against $5.566 million a year ago. Net income was $31.633 million or $1.16 per basic and diluted share against $5.465 million or $0.20 per basic and diluted share a year ago. Net cash provided by operating activities was $118.201 million against $66.251 million a year ago. Purchases of property, plant and equipment. net of financings was $23.756 million against $13.078 million a year ago. Non-GAAP net income was $34.235 million or $1.26 per diluted share against $4.112 million or $0.15 per diluted share a year ago.
For full year 2014, the company expects to be at the top end of previously stated net CapEx range of $90 million to $100 million.
ArcBest Corporation Announces Quarterly Cash Dividend, Payable on November 21, 014
Oct 24 14
The board of directors of ArcBest Corporation announced an increase in its quarterly cash dividend to six cents ($0.06) per share. Prior to this board action, the company’s quarterly cash dividend was three cents ($0.03) per share. For the current quarter, the board declared a quarterly cash dividend of six cents ($0.06) per share to holders of record of its common stock, $0.01 par value, on November 7, 2014, payable on November 21, 2014.
ArcBest Corporation Presents at Stephens Inc. Fall Investment Conference 2014, Nov-12-2014 01:00 PM
Oct 7 14
ArcBest Corporation Presents at Stephens Inc. Fall Investment Conference 2014, Nov-12-2014 01:00 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Judy R. McReynolds, Chief Executive Officer, President and Director, Michael E. Newcity, Chief Financial Officer, Chief Information Officer and Senior Vice President.
ArcBest Corporation to Report Q3, 2014 Results on Nov 03, 2014
Oct 2 14
ArcBest Corporation announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Nov 03, 2014