Arcbest Corp 10-Q for FY2026 Q3

Arcbest Corp (ARCB)

10-Q 2026-11-04 For: 2026-09-30

Added on November 04, 2026

About this 10-Q

Arcbest Corp filed this 10-Q on November 4, 2026, covering the quarter ended September 30, 2026 (FY2026 Q3).

Headline figures

Quarter ended September 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $1.21B; up 15.5% from $1.05B a year earlier
Net income: $51.66M; up 31.5% from net income of $39.27M a year earlier
Diluted EPS: $2.30; up 33.7% from $1.72 a year earlier

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Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock $0.01 Par Value	ARCB	Nasdaq


	Large accelerated filer ☒		Accelerated filer ☐
	Non-accelerated filer ☐		Smaller reporting company ☐
	Emerging growth company ☐


Class		Outstanding at October 30, 2026
Common Stock, $0.01 par value		22,054,670 shares


			Page

PART I. FINANCIAL INFORMATION

Item 1.	Financial Statements

	Consolidated Balance Sheets — September 30, 2026 and December 31, 2025		3

	Consolidated Statements of Operations — For the Three and Nine Months Ended September 30, 2026 and 2025		4

	Consolidated Statements of Comprehensive Income — For the Three and Nine Months Ended September 30, 2026 and 2025		5

	Consolidated Statements of Stockholders’ Equity — For the Three and Nine Months Ended September 30, 2026 and 2025		6

	Consolidated Statements of Cash Flows — For the Nine Months Ended September 30, 2026 and 2025		7

	Notes to Consolidated Financial Statements		8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		21

Item 3.	Quantitative and Qualitative Disclosures About Market Risk		37

Item 4.	Controls and Procedures		37

PART II. OTHER INFORMATION

Item 1.	Legal Proceedings		38

Item 1A.	Risk Factors		38

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		38

Item 3.	Defaults Upon Senior Securities		38

Item 4.	Mine Safety Disclosures		38

Item 5.	Other Information		38

Item 6.	Exhibits		39

SIGNATURES			40


	September 30		December 31
	2026		2025
	(Unaudited)
	(in thousands, except share data)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	184,924	$	102,030
Short-term investments		22,355		22,204
Accounts receivable, less allowances (2026 – $8,484; 2025 – $7,763)		488,940		370,969
Other accounts receivable, less allowances (2026 – $698; 2025 – $656)		9,541		26,295
Prepaid expenses		34,485		49,399
Prepaid and refundable income taxes		10,354		45,405
Other		9,350		9,761
TOTAL CURRENT ASSETS		759,949		626,063
PROPERTY, PLANT AND EQUIPMENT
Land and structures		575,045		566,071
Revenue equipment		1,206,174		1,201,386
Service, office, and other equipment		313,053		363,340
Software		192,488		190,673
Leasehold improvements		44,819		41,531
		2,331,579		2,363,001
Less accumulated depreciation and amortization		1,259,823		1,219,564
PROPERTY, PLANT AND EQUIPMENT, net		1,071,756		1,143,437
GOODWILL		304,753		304,753
INTANGIBLE ASSETS, net		35,926		69,391
OPERATING RIGHT-OF-USE ASSETS		208,303		220,157
DEFERRED INCOME TAXES		18,237		9,303
OTHER LONG-TERM ASSETS		74,436		79,558
TOTAL ASSETS	$	2,473,360	$	2,452,662

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	198,882	$	154,487
Income taxes payable		18,368		—
Accrued expenses		420,658		378,125
Current portion of long-term debt		88,264		87,882
Current portion of operating lease liabilities		36,180		36,394
TOTAL CURRENT LIABILITIES		762,352		656,888
LONG-TERM DEBT, less current portion		106,257		135,974
OPERATING LEASE LIABILITIES, less current portion		200,715		204,333
POSTRETIREMENT LIABILITIES, less current portion		13,661		13,696
DEFERRED INCOME TAXES		65,302		111,580
OTHER LONG-TERM LIABILITIES		32,959		34,470
COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS’ EQUITY
Common stock, $0.01 par value, authorized 70,000,000 shares; issued 2026: 30,586,760 shares; 2025: 30,489,886 shares		306		305
Additional paid-in capital		341,135		338,083
Retained earnings		1,513,128		1,484,378
Treasury stock, at cost, 2026: 8,424,105 shares; 2025: 8,140,368 shares		(561,388)		(526,606)
Accumulated other comprehensive loss		(1,067)		(439)
TOTAL STOCKHOLDERS’ EQUITY		1,292,114		1,295,721
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,473,360	$	2,452,662


	Three Months Ended				Nine Months Ended
	September 30				September 30
	2026		2025		2026		2025

	(Unaudited)
	(in thousands, except share and per share data)
REVENUES	$	1,210,503	$	1,048,137	$	3,393,822	$	3,037,470

OPERATING EXPENSES		1,137,169		993,510		3,337,681		2,938,904

OPERATING INCOME		73,334		54,627		56,141		98,566

OTHER INCOME (COSTS)
Interest and dividend income		1,745		1,368		3,327		3,555
Interest and other related financing costs		(3,176)		(3,334)		(10,855)		(9,045)
Other, net		(1,030)		847		(30)		574
		(2,461)		(1,119)		(7,558)		(4,916)

INCOME BEFORE INCOME TAXES		70,873		53,508		48,583		93,650

INCOME TAX PROVISION		19,214		14,234		11,785		25,436

NET INCOME	$	51,659	$	39,274	$	36,798	$	68,214

EARNINGS PER COMMON SHARE
Basic	$	2.31	$	1.73	$	1.65	$	2.97
Diluted	$	2.30	$	1.72	$	1.64	$	2.96

AVERAGE COMMON SHARES OUTSTANDING
Basic		22,319,874		22,718,292		22,336,454		22,952,014
Diluted		22,428,317		22,811,670		22,477,448		23,037,638


	Three Months Ended September 30, 2026 and 2025
												Accumulated
					Additional							Other
	Common Stock				Paid-In		Retained		Treasury Stock			Comprehensive		Total
	Shares		Amount		Capital		Earnings		Shares	Amount		Income (Loss)		Equity

	(Unaudited)
	(in thousands)
Balance at June 30, 2026		30,580	$	306	$	338,861	$	1,464,152	8,233	$	(534,777)	$	(949)	$	1,267,593
Net income								51,659							51,659
Other comprehensive loss, net of tax													(118)		(118)
Issuance of common stock under share-based compensation plans		7		—		—									—
Shares withheld for employee tax remittance on share-based compensation						(228)									(228)
Share-based compensation expense						2,502									2,502
Purchase of treasury stock									191		(26,611)				(26,611)
Dividends declared on common stock								(2,683)							(2,683)
Balance at September 30, 2026		30,587	$	306	$	341,135	$	1,513,128	8,424	$	(561,388)	$	(1,067)	$	1,292,114

Balance at June 30, 2025		30,483	$	305	$	333,798	$	1,458,647	7,680	$	(492,776)	$	452	$	1,300,426
Net income								39,274							39,274
Other comprehensive loss, net of tax													(348)		(348)
Issuance of common stock under share-based compensation plans		2		—		—									—
Shares withheld for employee tax remittance on share-based compensation						(56)									(56)
Share-based compensation expense						2,742									2,742
Purchase of treasury stock									213		(16,393)				(16,393)
Dividends declared on common stock								(2,727)							(2,727)
Balance at September 30, 2025		30,485	$	305	$	336,484	$	1,495,194	7,893	$	(509,169)	$	104	$	1,322,918


	Nine Months Ended September 30, 2026 and 2025
												Accumulated
					Additional							Other
	Common Stock				Paid-In		Retained		Treasury Stock			Comprehensive		Total
	Shares		Amount		Capital		Earnings		Shares	Amount		Income (Loss)		Equity

	(Unaudited)
	(in thousands)
Balance at December 31, 2025		30,490	$	305	$	338,083	$	1,484,378	8,140	$	(526,606)	$	(439)	$	1,295,721
Net income								36,798							36,798
Other comprehensive loss, net of tax													(628)		(628)
Issuance of common stock under share-based compensation plans		97		1		(1)									—
Shares withheld for employee tax remittance on share-based compensation						(4,169)									(4,169)
Share-based compensation expense						7,222									7,222
Purchase of treasury stock									284		(34,782)				(34,782)
Dividends declared on common stock								(8,048)							(8,048)
Balance at September 30, 2026		30,587	$	306	$	341,135	$	1,513,128	8,424	$	(561,388)	$	(1,067)	$	1,292,114

Balance at December 31, 2024		30,402	$	304	$	329,575	$	1,435,250	7,115	$	(451,039)	$	272	$	1,314,362
Net income								68,214							68,214
Other comprehensive loss, net of tax													(168)		(168)
Issuance of common stock under share-based compensation plans		83		1		(1)									—
Shares withheld for employee tax remittance on share-based compensation						(1,994)									(1,994)
Share-based compensation expense						8,904									8,904
Purchase of treasury stock									778		(58,130)				(58,130)
Dividends declared on common stock								(8,270)							(8,270)
Balance at September 30, 2025		30,485	$	305	$	336,484	$	1,495,194	7,893	$	(509,169)	$	104	$	1,322,918


	December 31, 2025
			Fair Value Measurements Using
			Quoted Prices		Significant		Significant
			In Active		Observable		Unobservable
			Markets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)

	(in thousands)
Assets:
Money market funds⁽¹⁾	$	29,750	$	29,750	$	—	$	—
Equity, bond, and money market mutual funds held in trust related to the Voluntary Savings Plan⁽²⁾		5,166		5,166		—		—
	$	34,916	$	34,916	$	—	$	—


	Carrying		Impairment		Fair
	Value		Charges		Value

	(in thousands)
Other current assets⁽¹⁾	$	3,284	$	(3,284)	$	—
Service, office, and other equipment⁽¹⁾		48,402		(45,722)		2,680
Software⁽¹⁾		666		(666)		—
Operating right-of-use assets⁽²⁾		14,371		(8,363)		6,008
Intangible assets – indefinite-lived⁽³⁾		25,660		(25,660)		—
Intangible assets – finite-lived⁽¹⁾		1,091		(1,091)		—
Leasehold improvements⁽²⁾		824		(480)		344
	$	94,298	$	(85,266)	$	9,032


			September 30, 2026												December 31, 2025
	Weighted-Average					Accumulated			Impairment			Net						Accumulated			Net
	Amortization Period		Cost			Amortization			Charge			Value				Cost		Amortization			Value

	(in years)		(in thousands)												(in thousands)
Customer relationships	12		$	99,579		$	73,618		$	—		$	25,961		$	99,579		$	68,206		$	31,373
Other⁽¹⁾	10			19,444			8,388			1,091			9,965			30,655			18,297			12,358
	12		$	119,023		$	82,006		$	1,091		$	35,926		$	130,234		$	86,503		$	43,731


			Unrecognized		Foreign
			Net Periodic		Currency
	Total		Benefit Credit		Translation

	(in thousands)
Balances at December 31, 2025	$	(439)	$	3,064	$	(3,503)

Other comprehensive loss before reclassifications		(289)		—		(289)
Amounts reclassified from accumulated other comprehensive income (loss)		(339)		(339)		—
Net current-period other comprehensive loss		(628)		(339)		(289)

Balances at September 30, 2026	$	(1,067)	$	2,725	$	(3,792)

Balances at December 31, 2024	$	272	$	4,203	$	(3,931)

Other comprehensive income before reclassifications		301		—		301
Amounts reclassified from accumulated other comprehensive income		(469)		(469)		—
Net current-period other comprehensive income (loss)		(168)		(469)		301

Balances at September 30, 2025	$	104	$	3,734	$	(3,630)


	Unrecognized Net Periodic
	Benefit Credit
	Nine Months Ended September 30
	2026		2025

	(in thousands)
Amortization of net actuarial gain⁽¹⁾	$	457	$	631
Tax expense		(118)		(162)
Total, net of tax	$	339	$	469


	2026				2025
	Per Share		Amount		Per Share		Amount

	(in thousands, except per share data)
First quarter	$	0.12	$	2,679	$	0.12	$	2,785
Second quarter	$	0.12	$	2,686	$	0.12	$	2,758
Third quarter	$	0.12	$	2,683	$	0.12	$	2,727


	Year Over Year % Change
	Three Months Ended		Nine Months Ended
	September 30, 2026		September 30, 2026
Shipments per day		1.2%		8.3%
Revenue per shipment		23.8%		10.9%
Shipments per person per day		7.6%		22.2%


	Nine Months Ended
	September 30
	2026		2025

	(Unaudited)
	(in thousands)
OPERATING ACTIVITIES
Net income	$	36,798	$	68,214
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		125,280		115,690
Amortization of intangibles		6,877		9,600
Share-based compensation expense		7,222		8,904
Provision for losses on accounts receivable		3,128		2,386
Change in deferred income taxes		(55,018)		37,117
Gain on sale of property and equipment		(1,523)		(15,684)
Asset impairment charges		85,266		—
Change in fair value of contingent consideration		—		(2,650)
Changes in operating assets and liabilities:
Receivables		(104,667)		(2,931)
Prepaid expenses		14,914		12,495
Other assets		(2,011)		(4,994)
Income taxes		53,343		(17,320)
Operating right-of-use assets and lease liabilities, net		(341)		(11,194)
Accounts payable, accrued expenses, and other liabilities		85,980		(15,342)
NET CASH PROVIDED BY OPERATING ACTIVITIES		255,248		184,291

INVESTING ACTIVITIES
Purchases of property, plant and equipment, net of financings		(36,022)		(107,005)
Proceeds from sale of property and equipment		7,096		32,518
Purchases of short-term investments		(12,000)		(12,000)
Proceeds from sale of short-term investments		12,000		30,226
Capitalization of internally developed software		(10,589)		(9,958)
Other investing activities		5,242		8,756
NET CASH USED IN INVESTING ACTIVITIES		(34,273)		(57,463)

FINANCING ACTIVITIES
Borrowings under credit facilities		—		25,000
Payments on long-term debt		(89,175)		(87,275)
Net change in book overdrafts		(1,890)		(2,887)


	September 30		December 31
	2026		2025

	(in thousands)
Pre-tax amounts:
Unrecognized net periodic benefit credit	$	3,669	$	4,126
Foreign currency translation		(5,106)		(4,717)

Total	$	(1,437)	$	(591)

After-tax amounts:
Unrecognized net periodic benefit credit	$	2,725	$	3,064
Foreign currency translation		(3,792)		(3,503)

Total	$	(1,067)	$	(439)


						(c)		(d)
						Total Number of		Maximum
	(a)		(b)			Shares Purchased		Approximate Dollar
	Total Number		Average			as Part of Publicly		Value of Shares that
	of Shares		Price Paid			Announced		May Yet Be Purchased
Period	Purchased		Per Share⁽¹⁾			Plans or Programs		Under the Plans or Programs

	(in thousands, except share and per share data)
7/1/2026-7/31/2026	—		$	—		—		$	96,542
8/1/2026-8/31/2026	90,733			139.73		90,733		$	83,865
9/1/2026-9/30/2026	100,516			132.60		100,516		$	70,536
Total	191,249		$	135.98		191,249


Exhibit No.

2.1		Agreement and Plan of Merger, dated September 29, 2021, by and among the Company, Simba Sub, MoLo Solutions, LLC and Andrew Silver and Matt Vogrich, in their capacity as Sellers’ Representatives (previously filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K, filed with the SEC on September 29, 2021, File No. 000-19969, and incorporated herein by reference).

2.2		Consent and Amendment to the Agreement and Plan of Merger, dated October 25, 2021, by and among the Company, Simba Sub, LLC, MoLo Solutions, LLC and Andrew Silver and Matt Vogrich, in their capacity as Sellers’ Representatives (previously filed as Exhibit 2.2 to the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 25, 2022, File No. 000-19969, and incorporated herein by reference).

2.3		Second Amendment to Agreement and Plan of Merger, dated March 31, 2022, by and among the Company on behalf of itself and MoLo Solutions, LLC, and Andrew Silver and Matt Vogrich, in their capacity as Sellers’ Representatives (previously filed as Exhibit 2.3 to the Company’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on May 6, 2022, File No. 000-19969, and incorporated herein by reference).

2.4		Third Amendment to Agreement and Plan of Merger, dated May 6, 2022, by and among the Company on behalf of itself and MoLo Solutions, LLC, and Andrew Silver and Matt Vogrich, in their capacity as Sellers’ Representatives (previously filed as Exhibit 2.4 to the Company’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on August 5, 2022, File No. 000-19969, and incorporated herein by reference).

3.1		Certificate of Formation of the Company dated May 15, 2026 (previously filed as Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed with the SEC on May 15, 2026, File No. 000-19969, and incorporated herein by reference).

3.2		Bylaws of the Company dated as of May 15, 2026 (previously filed as Exhibit 3.2 to the Company’s Current Report on Form 8-K, filed with the SEC on May 15, 2026, File No. 000-19969, and incorporated herein by reference).

31.1*		Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2*		Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32**		Certifications Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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	ARCBEST CORPORATION
	(Registrant)

Date: November 4, 2026	/s/ Seth K. Runser
	Seth K. Runser
	Director, President and Chief Executive Officer
	(Principal Executive Officer)


Date: November 4, 2026	/s/ J. Matthew Beasley
	J. Matthew Beasley
	Chief Financial Officer
	(Principal Financial Officer)