Daily Archives: February 3, 2016

ArcBest Corporation Announces Fourth Quarter 2015 and Full Year 2015 Results

Published by:

  • Fourth quarter 2015 net income was $5.0 million, or $0.19 per diluted share. Excluding certain identified items, fourth quarter 2015 net income was $0.21 per diluted share.
  • Fourth quarter 2015 ABF Freight® revenue and operating margin were below 2014, due to reduced business levels resulting from a sluggish freight economy and lower fuel surcharge revenue.
  • Fourth quarter 2015 revenue at ArcBest’s asset-light logistics businesses was $198.3 million, an increase of 6 percent over the previous year.
  • Full year 2015 revenue at ArcBest Corporation of $2.7 billion.
  • ArcBest’s full year 2015 operating income increased 9 percent to $75.5 million.

FORT SMITH, Arkansas, February 3, 2016 /PRNewswire/ — ArcBest Corporation (Nasdaq: ARCB) today reported fourth quarter 2015 financial results reflecting a soft freight environment associated with high customer inventory levels and weakness in the manufacturing and industrial sectors of the economy. Fourth quarter and full year revenues were significantly impacted by the effect of lower diesel fuel prices on fuel surcharge revenues.

Fourth Quarter 2015 Results

ArcBest’s revenue was $648.1 million compared to revenue of $664.8 million in the fourth quarter of 2014, a decrease of 2.5 percent.  Net income was $5.0 million, or $0.19 per diluted share compared to fourth quarter 2014 net income of $14.5 million, or $0.53 per diluted share.  As shown in the attached reconciliation tables, both of these periods were impacted by favorable effective tax rates and adjustments for certain other items.  On an adjusted basis, ArcBest’s fourth quarter 2015 net income was $5.5 million, or $0.21 per diluted share compared to fourth quarter 2014 net income of $11.9 million, or $0.44 per diluted share.

Read more at abfs.com

See Also


RRTS Reports 2015 Q4, Year-End Results, Announces 2016 Guidance

Published by:

Cudahy, WI – Feb. 3, 2016 — Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, today reported financial results for the three and twelve months ended December 31, 2015.

Revenues for the quarter ended December 31, 2015 decreased 7.8% to $490.9 million from $532.5 million for the same quarter in 2014. Operating income was $24.3 million, compared to $24.2 million for the prior year quarter. Diluted earnings per share available to common stockholders was $0.32 for the fourth quarters of both 2015 and 2014.

Read more at www.rrts.com

See Also