Daniel Imbro

Jordan Alliger

Ken Hoexter

Scott Group

Brian Ossenbeck

Christian Wetherbee

Jason Seidl

J. Bruce Chan

Stephanie Moore

Thomas Wadewitz

Ariel Rosa

Ravi Shanker

Bruce Chan

Chris Wetherbee

Elliot Alper

Jeffrey Kauffman

Larry Solow

Stephanie Benjamin Moore

Tom Wadewitz

- ArcBest Corporation is facing **significant economic challenges** in 2025, with shares falling nearly **25%** since January due to broader sector headwinds, including tariffs and an oversupply of freight capacity.  **[894405_f8fe4bdded534850a82508e669336ed9]** 
- Analysts estimate ArcBest's third-quarter 2025 earnings per share to be **$1.51**, down from $1.63 in the same quarter of 2024, with revenue expected at **$1.04 billion** versus $1.063 billion in 2024.  **[894405_f8fe4bdded534850a82508e669336ed9]** 
- At its 2025 Investor Day, ArcBest presented a strategic plan focused on enhancing operational efficiency, expanding service offerings, and leveraging advanced technologies.  **[894405_f8fe4bdded534850a82508e669336ed9]** 
- The company targets strong financial goals by **2028**, including a consolidated non-GAAP diluted EPS of **$12-$15**, operating cash flow of **$400-$500 million**, an Asset-Based operating ratio of **87%-90%**, Asset-Light Non-GAAP operating income of **$40 million to $70 million**, and a consolidated Non-GAAP return on capital employed of **16% to 19%**.  **[894405_f8fe4bdded534850a82508e669336ed9]**

ArcBest Outlines 2028 Financial Targets and Addresses 2025 Challenges

- ArcBest Corp. set a **2028 EPS target midpoint of $13.50**, anticipating contributions from an improved asset-based operating ratio (+$4), ABF Freight shipment growth (+$1), and enhanced asset-light operating income (+$2).  **[894405_2161217_19]** 
- The company projects **$400 million to $500 million in operating cash flow by 2028** and aims for a Return on Capital Employed (ROCE) of **16% to 19%** in the same year.  **[894405_2161217_18]** **[894405_2161217_19]** 
- Strategic initiatives include the **early 2026 launch of ArcBest View**, a new customer service platform, and the continued development of the **Vox suite**, recognized as one of Time's Best Inventions of 2023.  **[894405_2161217_4]** **[894405_2161217_11]** 
- ArcBest announced a new **$125 million share repurchase authorization** and expects capital expenditures to normalize to **below 5% of revenue**, reflecting a disciplined approach to capital allocation.  **[894405_2161217_18]** 
- Leadership updates include the appointment of **Mac Pinkerton** as Chief Operating Officer of Asset Light, effective January, and **Brent Hagee** as Chief Legal Officer by year-end.  **[894405_2161217_1]**

ArcBest Corp. Outlines 2028 Financial Targets and Strategic Initiatives

- ArcBest reported significant growth from 2019 to 2024, with revenues increasing by **49%** to **$4.2 billion**, operating income rising by **81%** to **$203 million**, and Non-GAAP earnings per share growing by **112%** to **$6.28**.  **[894405_2161131:12]** **[894405_2161131:23]**  The company also improved its Asset-Based Operating Ratio by **330 basis points** to **91.2%** in 2024.  **[894405_2161131:12]** **[894405_2161131:36]** 
- For 2028, ArcBest targets a Non-GAAP Asset-Based Operating Ratio of **87%-90%**, Asset-Light Non-GAAP Operating Income of **$40 million to $70 million**, Non-GAAP Diluted EPS of **$12-$15**, and annual operating cash flow of **$400 million to $500 million**.  **[894405_2161131:21]** 
- Strategic investments include expanding network capacity by approximately **800 net doors since 2021**, reaching **9635 total doors by 2025**, and an annual fleet reinvestment cycle of **$160 million** as of 2Q'25.  **[894405_2161131:16]** **[894405_2161131:17]**  These efforts, along with innovation projects and enhanced customer service tools, aim to increase efficiency and drive profitable growth.  **[894405_2161131:15]** **[894405_2161131:16]** **[894405_2161131:17]** 
- The company has authorized a **new $125 million share repurchase program** and has returned nearly **$500 million to shareholders since 2019**, while maintaining a strong balance sheet with a Net Debt to EBITDA of **0.2** in 2024.  **[894405_2161131:20]**

ArcBest Highlights Strong Historical Performance and Outlines 2028 Financial Targets at Investor Day

- **ArcBest's board of directors approved an increase in the company's share repurchase authorization to a total of $125 million** on **September 15, 2025**.  **[894405_0001104659-25-089995_arcb-20250911xex99d1.htm:0]** **[894405_0001104659-25-089995_arcb-20250911x8k.htm:1]** 
- Judy R. McReynolds, ArcBest Chairman and CEO, stated that this authorization reflects confidence in the company's strategy and long-term outlook, and its commitment to a balanced capital allocation approach.  **[894405_0001104659-25-089995_arcb-20250911xex99d1.htm:0]** 
- The program allows for share repurchases through various methods, including open market transactions, privately negotiated purchases, or Rule 10b5-1 trading plans, and does not obligate the company to repurchase any specific number of shares.  **[894405_0001104659-25-089995_arcb-20250911xex99d1.htm:0]**

ArcBest Increases Share Repurchase Authorization

ARCBEST CORP /DE/ (ARCB)