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• Consolidated Revenue: Decreased by 7% to $967 million.

• Non-GAAP Operating Income: $17 million, down from $43 million in the prior year.

• Adjusted Earnings Per Share: $0.51, down from $1.34 in Q1 2024.

• Asset Based Revenue: $646 million, a per day decrease of 3%.

• Asset Based Operating Ratio: 95.9%, increased by 390 basis points year-over-year.

• Daily Shipments: Flat year-over-year, with a 4% decrease in weight per shipment.

• Revenue Per Hundredweight: Increased by 2% year-over-year.

• Asset Light Revenue: $356 million, a daily decrease of 9% year-over-year.

• Asset Light Non-GAAP Operating Loss: $1.2 million, improved from a $4.7 million loss last year.

• Capital Expenditure Guidance: $225 million to $275 million for 2025.

• Available Liquidity: Approximately $350 million.

• Warning! GuruFocus has detected 10 Warning Signs with BOM:542602.

Release Date: April 29, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• ArcBest Corp (NASDAQ:ARCB) has made significant progress in boosting operational efficiency and eliminating unnecessary costs, positioning the company to adapt effectively to dynamic market conditions.

• The company has seen a 31% improvement in the speed of deal execution due to addressing workflow bottlenecks and streamlining processes.

• ArcBest Corp (NASDAQ:ARCB) has achieved double-digit growth in its managed transportation solution, reaching all-time quarterly highs for both shipments and revenue.

• The company has successfully increased its sales pipeline with a higher mix of core LTL opportunities, investing in sales teams to grow its share of small and medium-sized businesses.

• ArcBest Corp (NASDAQ:ARCB) has introduced innovative solutions like Box Vision, enhancing transparency and compliance in freight handling workflows, and expects it to be a cost-effective solution.

Negative Points

• Consolidated revenue decreased by 7% from the previous year's first quarter, with non-GAAP operating income from continuing operations dropping significantly.

• The Asset Based segment saw a $27 million decrease in operating income, and the Asset Light segment reported a non-GAAP operating loss.

• Adjusted earnings per share fell to $0.51 from $1.34 in the first quarter of 2024, indicating a decline in profitability.

• The company experienced a 4% decrease in weight per shipment, resulting in a 4% decrease in tons per day compared to the previous year.

• Revenue per hundredweight decreased by 2% in April 2025, partly driven by an increase in shipments from core customers with easier-to-handle freight, which generally have a lower revenue per hundredweight profile.