ArcBest Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 30, 2020 at 04:08 pm EST
ArcBest Corporation announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was USD 717.418 million compared to USD 774.279 million a year ago. Operating loss was USD 11.229 million compared to operating Income of USD 37.162 million a year ago. Net loss was USD 5.549 million compared to net income of USD 15.299 million a year ago. Basic loss per share was USD 0.22 compared to basic earnings per share of USD 0.59 a year ago. Diluted loss per share was USD 0.22 compared to diluted earnings per share of USD 0.57 a year ago.
For the full year, sales was USD 2,988.310 million compared to USD 3,093.788 million a year ago. Operating income was USD 63.770 million compared to USD 109.098 million a year ago. Net income was USD 39.985 million compared to USD 67.262 million a year ago. Basic earnings per share was USD 1.56 compared to USD 2.61 a year ago. Diluted earnings per share was USD 1.51 compared to USD 2.51 a year ago.