Why Is Logistics Company ArcBest Stock Plunging Today?
Why Is Logistics Company ArcBest Stock Plunging Today?
Pricing momentum persisted this quarter due to a better freight mix, higher pricing on transactional shipments and contract renewal increases of 5.1%, with overall LTL industry pricing staying rational.ArcBest Corp (NASDAQ:ARCB) reported a second-quarter FY24 revenue of $1.08 billion, ahead of the consensus of $1.06 billion.
ArcBest公司（NASDAQ：ARCB）報告2014財年第二季度營業收入爲10.8億美元，超出了10.6億美元的共識。
Sales by segments: Asset-Based $712.7 million (per-day decrease of 2.1%), and Asset-Light $395.8 million (per-day decrease of 4.2%).
按部門銷售：基於資產的銷售額爲71270萬美元（每日下降2.1%），輕資產銷售額爲39580萬美元（每日下降4.2%）。
Asset-based business total tonnage per day decreased by 20.3%, and total shipments per day fell by 4.8% Y/Y.
基於資產的業務總噸每日降低20.3％，每日總託運量同比下降了4.8％。
Pricing momentum persisted this quarter due to a better freight mix, higher pricing on transactional shipments and contract renewal increases of 5.1%, with overall LTL industry pricing staying rational.
本季度由於更好的配貨組合，單筆運輸的更高價格以及合同續簽的增加5.1％，價格勢頭持續增長，整個LTL行業的價格保持合理。
Meanwhile, Asset-Light revenues declined due to lower revenue per shipment and reduced margins from a soft rate environment and a higher share of lower-margin managed transportation business. Shipments per day grew by 12.6% Y/Y.
與此同時，由於軟性費率環境和更高比例的低毛利潤承運業務，輕資產收入下降。每日託運量同比增長了12.6％，每筆運輸的收入較低，利潤減少。
Adjusted EBITDA from continuing operations rose to $94.8 million from $76.30 million a year ago. Adjusted EPS was $1.98 compared to $1.54 a year ago, missing the consensus of $2.06.
持續經營調整EBITDA的從繼續經營的操作中升至9480萬美萬元，而去年同期爲7630萬美元。調整後的每股收益爲1.98美元，而去年同期爲1.54美元，未能達到2.06美元的共識。
ArcBest's operating cash flow for the six months totaled $140.2 million, compared to $103.8 million a year ago. The company held cash and equivalents of $260.5 million as of June-end.
ArcBest公司的六個月運營現金流總額爲1.4億美元，而去年同期爲1.038億美元。截至6月底，該公司持有現金和等價物2.605億美元。
ArcBest declared a quarterly cash dividend of $0.12 per share, payable on August 27, 2024.
ArcBest宣佈每股現金股息爲0.12美元，於2024年8月27日支付。
Judy R. McReynolds, ArcBest Chairman and CEO, said, "I am incredibly proud of our employees' commitment to utilizing our quality process in pursuit of excellence every day. This dedication has led to significant improvements in our operational execution, with ABF Freight achieving its best on-time service performance in recent years."
ArcBest董事長兼首席執行官Judy R. McReynolds表示：“我對我們員工通過追求卓越而利用我們的品質流程的承諾感到非常自豪。這種奉獻精神已經導致我們在運營執行方面取得了顯着的改進，其中ABF Freight公司實現了最近幾年最好的準時服務表現。”
"Furthermore, our substantial year-over-year improvement in operating income is a solid performance, especially considering ongoing macroeconomic headwinds."
“此外，我們在營業收入方面的實現大幅同比提高，尤其考慮到持續的宏觀經濟風險，這是一個堅實的業績。”
Investors can gain exposure to the stock via Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NYSE:NRSH) and SPDR S&P Transportation ETF (NYSE:XTN).
投資者可以通過Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF （NYSE：NRSH）和SPDR S＆P Transportation ETF（NYSE：XTN）購買該股。
Price Action: ARCB shares traded lower by 10.9% at $108.37 at the last check Friday.
股價動態：上週五最後交易時，ARCb股價下跌10.9％，至108.37美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。