Arcbest (ARCB) FY2024 results: revenue $4.2 billion, down 5.6% on the year

Arcbest Corp. (ARCB) reported revenue of $4.2 billion for fiscal 2024, the year ended 31 December 2024, down 5.6% on the year before. Net income was $174 million, down 11.0%, and diluted earnings per share $7.30. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.

Revenue

$4.2 billion

-5.6% on the year

FY2017FY2024

Operating margin

5.8%

3.9% a year earlier

FY2017FY2024

Net income

$174 million

-11.0% on the year

FY2017FY2024

Diluted EPS

$7.30

-7.9% on the year

FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	4,179	4,427	5,029	-5.6%
Research and development	34.1	52.4	40.8	-34.9%
Operating income	244	173	395	+41.6%
Operating margin	5.8%	3.9%	7.8%
Pre-tax income	219	187	388	+17.0%
Income tax	45.4	44.8	93.7	+1.3%
Effective tax rate	20.7%	23.9%	24.1%
Net income	174	195	298	-11.0%
Net margin	4.2%	4.4%	5.9%
Diluted EPS	$7.30	$7.93	$11.69	-7.9%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2024	FY2023	FY2022	On the year
Operating cash flow	286	322	471	-11.3%
Capital expenditure	223	219	148	+1.9%
Free cash flow	62.7	103	323	-39.2%
Free cash flow margin	1.5%	2.3%	6.4%
Cash from investing	-187	-21.7	-261
Cash from financing	-233	-197	-128
Depreciation and amortisation	149	145	138	+2.6%
Share-based compensation	11.4	11.4	12.8	-0.7%
Buybacks	75.2	91.5	65.0	-17.8%
Dividends paid	11.3	11.5	10.8	-2.1%
Diluted shares, weighted	24m	25m	26m	-3.3%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	1,314	1,242	1,151	+5.8%
Debt	189	229	265	-17.4%
Operating lease liabilities	190	177	148	+7.6%
Other liabilities	736	837	930	-12.1%
Total liabilities and equity	2,430	2,485	2,494	-2.2%
Fixed assets	1,066	915	800	+16.5%
Goodwill	305	305	305	0.0%
Intangible assets	88.6	101	114	-12.4%
Investments	29.8	67.8	168	-56.1%
Cash and equivalents	127	262	158	-51.4%
Receivables	395	430	517	-8.2%
Other assets	418	404	432	+3.5%
Total assets	2,430	2,485	2,494	-2.2%

10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.