arcbest corp (ARCB) Key Developments
ArcBest Corporation Provides Tax Rate Guidance for 2015
May 4 15
ArcBest Corporation continues to expect full year 2015 tax rate to be in the range of 37% to 40% as the adjustments that occurred in the first quarter are only expected to have a small impact on company's annual tax rate.
ArcBest Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 4 15
ArcBest Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $613,276,000 against $577,904,000 a year ago. Operating income was $1,280,000 against operating loss of $8,702,000 a year ago. Income before income taxes was $912,000 against loss before income taxes of $8,955,000 a year ago. Net income was $745,000 against net loss of $5,193,000 a year ago. Diluted earnings per common share were $0.03 against LPS of $0.20 a year ago. Net cash provided by operating activities was $10,932,000 against $6,210,000 a year ago. Purchases of property, plant and equipment, net of financings was $16,546,000 against $8,654,000 a year ago. Non-GAAP net income was $1,429,000 against non-GAAP net loss of $2,938,000 a year ago. Non-GAAP diluted earnings per share were $0.06 against LPS of $0.11 a year ago. Adjusted EBITDA was $27,986,000 against $18,142,000 a year ago.
ArcBest Corporationsm Declares Quarterly Cash Dividend, Payable on May 29, 2015
May 1 15
The board of directors of ArcBest Corporationsm declared a quarterly cash dividend of $0.06 per share to holders of record of its Common Stock, $0.01 par value, on May 15, 2015, payable on May 29, 2015.
ArcBest Corporation Presents at Wolfe Research 8th Annual Global Transportation Conference, May-19-2015 11:15 AM
May 1 15
ArcBest Corporation Presents at Wolfe Research 8th Annual Global Transportation Conference, May-19-2015 11:15 AM. Venue: The Marriott East Side Hotel, 525 Lexington Avenue, New York, New York, United States. Speakers: Judy R. McReynolds, Chief Executive Officer, President and Director.
ArcBest Corporation Names Traci Sowersby as VP – Controller, Chief Accounting Officer, Effective April 27, 2015
Apr 24 15
ArcBest Corporation announced that Traci Sowersby has been named VP – Controller, Chief Accounting Officer effective April 27, 2015, reporting to Chief Financial Officer, David R. Cobb. Sowersby, a Certified Public Accountant, most recently served as Executive Director with EY in their Phoenix office.