Earnings release
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Exhibit 99.1 1 Investor Relations Contact: Amy Mendenhall Media Contact: Autumnn Mahar Phone: 479-785-6200 Phone: 479-494-8221 Email: invrel@arcb.com Email: amahar@arcb.com ArcBest Announces Third Quarter 2026 Results ● Third-quarter revenue increased 15% year over year to $1.2 billion, driven by stronger performance across both operating segments ● Disciplined pricing, productivity initiatives, and cost savings from organizational changes contributed to higher earnings and operating margin FORT SMITH, Arkansas, November 4, 2026 — ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announced financial results for the third quarter ended September 30, 2026. Third quarter 2026 revenue totaled $1.2 billion, compared to $1.0 billion in the third quarter of 2025. Net income was $51.7 million, or $2.30 per diluted share, compared to $39.3 million, or $1.72 per diluted share, in the prior-year period. On a non-GAAP basis, net income was $58.7 million, or $2.62 per diluted share, compared to $33.4 million, or $1.46 per diluted share, in the prior-year period. Non-GAAP results exclude restructuring charges associated with the restructuring plan announced on July 16, 2026, as well as other items described in the attached non-GAAP reconciliation tables. “The third quarter reflected the progress we’ve been making across ArcBest and the commitment of our people,” said Seth Runser, ArcBest President and CEO. “Stronger earnings and profitability were driven by disciplined execution, continued momentum in Asset-Light and ongoing savings from actions to simplify our organization and improve efficiency. We also continued to invest in technology and innovation to better serve our customers and support long-term profitable growth.” Results of Operations Comparisons Asset-Based Third Quarter 2026 Versus Third Quarter 2025 ● Revenue of $798.6 million compared to $726.5 million, a per-day increase of 9.9 percent ● Tonnage per day increase of 9.6 percent ● Shipments per day decrease of 3.0 percent ● Billed revenue per shipment increase of 14.2 percent ● Billed revenue per hundredweight increase of 1.1 percent ● Weight per shipment increase of 13.0 percent ● Operating income of $75.6 million and an operating ratio of 90.5 percent, compared to $70.2 million and 90.3 percent ● On a non-GAAP basis, operating income of $76.3 million and an operating ratio of 90.4 percent, compared to $54.4 million and 92.5 percent Tonnage growth was driven by higher weight per shipment, reflecting a continued shift in freight profile, partially offset by fewer shipments per day. Revenue per shipment benefited from the heavier freight profile and slightly higher revenue per hundredweight, largely reflecting higher fuel surcharge revenue. Excluding fuel surcharge, revenue per hundredweight decreased in the low single digits. Customer contracts and deferred pricing agreements renewed during the third quarter averaged a 5.1 percent increase, and LTL industry pricing remains rational.
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2 Operating expenses increased due to annual union wage and benefit adjustments, as well as higher fuel and purchased transportation costs. Compared to the second quarter of 2026, third quarter daily revenue improved 1.1 percent. Tonnage per day increased 0.6 percent, driven by a 0.6 percent increase in weight per shipment, while daily shipments were flat. Billed revenue per shipment increased 0.9 percent due to the heavier freight profile, while revenue per hundredweight increased less than one percent, both including and excluding fuel surcharge. The non-GAAP operating ratio was in line with second quarter. Asset-Light Third Quarter 2026 Versus Third Quarter 2025 ● Revenue of $446.3 million compared to $356.0 million, a per-day increase of 25.4 percent ● Shipments per day increase of 1.2 percent ● Revenue per shipment increase of 23.8 percent ● Purchased transportation expense was 85.0 percent of revenue compared to 84.9 percent ● Operating income of $12.5 million compared to operating loss of $1.6 million ● On a non-GAAP basis, operating income of $14.4 million compared to $1.6 million ● Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”), as defined in the attached non-GAAP reconciliation tables, of $15.6 million compared to $3.1 million Revenue increased primarily due to higher revenue per shipment, reflecting a tightening capacity environment along with modest shipment growth. Revenue growth, combined with disciplined cost management and productivity improvements, drove improved non-GAAP operating income compared to the prior year. Compared to the second quarter of 2026, third quarter daily revenue increased 0.9 percent, reflecting a 3.8 percent increase in revenue per shipment, partially offset by a 2.7 percent decrease in daily shipments. Higher revenue per shipment and disciplined cost management resulted in improved non- GAAP operating income compared to the previous quarter. Conference Call ArcBest will host a conference call with company executives to discuss its quarterly results on Wednesday, November 4, 2026, at 9:00 a.m. ET (8:00 a.m. CT). Interested parties may access the live call by dialing (833) 461-5787 and entering conference ID 500337142, or by accessing the webcast on ArcBest’s website at arcb.com. Presentation slides to accompany the call are included in Exhibit 99.3 of the Form 8-K filed on November 4, 2026. The slides will also be available for download on the company’s website prior to the start of the call and will be included in the webcast. A replay of the webcast will be available on ArcBest’s website following the call. About ArcBest ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company delivering end-to-end supply chain solutions designed around how businesses operate. Partnering with 30,000+ customers across the globe, ArcBest combines the reliability and control of an asset-based LTL network, the reach and flexibility of a brokerage network, and innovative technology to help build stronger, more efficient supply chains. ArcBest View™, the company’s digital logistics platform, gives customers greater control and clarity by bringing quoting, booking, shipment visibility and reporting into one connected experience. With 14,000 employees, approximately 240 campuses and service centers, and over a century of expertise, ArcBest delivers a premium experience built on reliable service, clear visibility and responsive support. For more information, visit arcb.com.
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3 The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations, including our expectations with respect to our restructuring plans. Terms such as “anticipate,” “believe,” “could,” “designed,” “estimate,” “expect,” “forecast,” “foresee,” “intend,” “likely,” “may,” “plan,” “predict,” “project,” “scheduled,” “seek,” “should,” “would,” and similar expressions and the negatives of such terms are intended to identify forward-looking statements. These statements are based on management’s beliefs, assumptions, and expectations based on currently available information, are not guarantees of future performance, and involve certain risks and uncertainties (some of which are beyond our control). Although we believe that the expectations reflected in these forward- looking statements are reasonable as and when made, we cannot provide assurance that our expectations will prove to be correct and caution the reader not to place undue reliance on our forward-looking statements. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in these statements due to a number of factors, including, but not limited to: data breaches, cybersecurity incidents, and/or interruptions or failures of our information systems that we depend on, including software programs and applications provided by third parties; untimely or ineffective development and implementation of, or failure to realize the potential benefits associated with new or enhanced technology or processes; the loss or reduction of business from multiple large customers or an overall reduction in our customer base; the timing and performance of growth initiatives and the ability to manage our cost structure; the cost, integration, and performance of future acquisitions and the inability to realize the anticipated benefits of the acquisition; unsolicited takeover proposals, proxy contests, and other proposals or actions by activist investors; maintaining our corporate reputation and intellectual property rights; failure to achieve market acceptance or generate adequate returns through our Vaux® technologies; failure to recognize the benefits associated with our restructuring plans; establishing and maintaining adequate internal controls over financial reporting; disruptions in domestic or global manufacturing activity, supply chains, and related changes in spending, resulting in material reductions in freight volumes; competitive initiatives and pricing pressures; increased prices for and decreased availability of equipment, including new revenue equipment, and higher costs of equipment-related operating expenses such as maintenance, fuel, and related taxes; availability of fuel, the effect of volatility in fuel prices and the associated changes in fuel surcharges on securing increases in base freight rates, and the inability to collect fuel surcharges; relationships with employees, including unions, and our ability to attract, retain, and upskill employees; unfavorable terms of, or the inability to reach agreement on, future collective bargaining agreements or a workforce stoppage by our employees covered under ABF Freight’s collective bargaining agreement; union employee wages and benefits, including changes in required contributions to multiemployer plans; availability and cost of reliable third-party services; our ability to secure independent owner-operators and/or operational or regulatory issues related to our use of their services; litigation or claims asserted against us; the effects, costs and potential liabilities related to changes in and compliance with, or violation of, existing or future governmental laws and regulations, including, but not limited to, environmental laws and regulations, such as emissions-control regulations and fuel efficiency regulations; default on covenants of financing arrangements and the availability and terms of future financing arrangements; our ability to generate sufficient cash from operations to support significant ongoing capital expenditure requirements and other business initiatives; self-insurance claims, insurance premium costs, and loss of our ability to self-insure; potential impairment of long-lived assets and goodwill and intangible assets; external events which may adversely affect us or the third parties who provide services for us, for which our business continuity plans may not adequately prepare us, including, but not limited to, the occurrence of natural disasters, public health crises, geopolitical conflicts, acts of terrorism or war, cybersecurity incidents, or trade restrictions; general economic conditions and related shifts in market demand that impact the performance and needs of industries we serve and/or limit our customers’ access to adequate financial resources; seasonal fluctuations, adverse weather conditions, natural disasters, and climate change; and other financial, operational, and legal risks and uncertainties detailed from time to time in ArcBest Corporation’s public filings with the Securities and Exchange Commission (“SEC”). For additional information regarding known material factors that could cause our actual results to differ from those expressed in these forward-looking statements, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise. Financial Data and Operating Statistics The following tables show financial data and operating statistics on ArcBest® and its reportable segments.
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4 ARCBEST CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended Nine Months Ended September 30 September 30 2026 2025 2026 2025 (Unaudited) ($ 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
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5 ARCBEST CORPORATION CONSOLIDATED BALANCE SHEETS September 30December 31 2026 2025 (Unaudited) Note ($ 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 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 Note: The balance sheet at December 31, 2025 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
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6 ARCBEST CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Months Ended September 30 2026 2025 (Unaudited) ($ 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) Deferred financing costs (17) (112) Payment of common stock dividends (8,048) (8,270) Purchases of treasury stock (34,782) (58,130) Payments for tax withheld on share-based compensation (4,169) (1,994) NET CASH USED IN FINANCING ACTIVITIES (138,081) (133,668) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 82,894 (6,840) Cash and cash equivalents at beginning of period 102,030 127,444 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 184,924 $ 120,604 NONCASH INVESTING ACTIVITIES Equipment financed $ 59,840 $ 87,241 Accruals for equipment received $ 1,391 $ 1,333 Lease liabilities arising from obtaining right-of-use assets $ 23,983 $ 47,306
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7 ARCBEST CORPORATION FINANCIAL STATEMENT OPERATING SEGMENT DATA AND OPERATING RATIOS Three Months Ended Nine Months Ended September 30 September 30 2026 2025 2026 2025 (Unaudited) ($ thousands, except percentages) REVENUES Asset-Based $ 798,613 $ 726,475 $ 2,237,291 $ 2,086,081 Asset-Light 446,291 355,969 1,262,742 1,053,903 Other and eliminations (34,401) (34,307) (106,211) (102,514) Total consolidated revenues $ 1,210,503 $ 1,048,137 $ 3,393,822 $ 3,037,470 OPERATING EXPENSES Asset-Based Salaries, wages, and benefits $ 383,778 48.1% $ 370,164 51.0% $ 1,113,018 49.7% $ 1,080,234 51.8% Fuel, supplies, and expenses 102,169 12.8 81,861 11.3 281,586 12.6 239,337 11.5 Operating taxes and licenses 15,851 2.0 13,373 1.8 44,455 2.0 40,330 1.9 Insurance 17,031 2.1 18,560 2.5 49,605 2.2 54,176 2.6 Communications and utilities 5,383 0.7 5,166 0.7 16,412 0.7 16,126 0.8 Depreciation and amortization 35,590 4.5 35,054 4.8 108,433 4.9 97,308 4.7 Rents and purchased transportation 92,792 11.6 81,142 11.2 251,564 11.2 224,501 10.8 Shared services 68,939 8.6 66,892 9.2 202,455 9.1 199,203 9.5 Restructuring charges(1) 733 0.1 — — 1,686 0.1 — — (Gain) loss on sale of property and equipment(2) 358 — (15,874) (2.2) (1,994) (0.1) (16,010) (0.8) Other 433 — (25) — 2,786 0.1 3,268 0.1 Total Asset-Based 723,057 90.5% 656,313 90.3% 2,070,006 92.5% 1,938,473 92.9% Asset-Light Purchased transportation $ 379,242 85.0% $ 302,309 84.9% $ 1,084,226 85.9% $ 895,503 85.0% Salaries, wages, and benefits 24,646 5.5 24,913 7.0 76,486 6.1 76,091 7.2 Supplies and expenses 1,715 0.4 1,970 0.6 4,834 0.4 5,448 0.5 Depreciation and amortization(3) 3,139 0.7 4,647 1.3 11,030 0.9 13,870 1.3 Shared services 18,417 4.1 18,657 5.2 51,111 4.0 55,232 5.2 Asset impairment charges(4) — — — — 34,503 2.7 — — Restructuring charges(1) 172 — — — 884 0.1 — — Contingent consideration(5) — — — — — — (2,650) (0.2) Other 6,506 1.5 5,068 1.4 18,331 1.4 15,793 1.5 Total Asset-Light 433,837 97.2% 357,564 100.4% 1,281,405 101.5% 1,059,287 100.5% Other and eliminations(6) (19,725) (20,367) (13,730) (58,856) Total consolidated operating expenses $ 1,137,169 93.9% $ 993,510 94.8% $ 3,337,681 98.3% $ 2,938,904 96.8% OPERATING INCOME (LOSS) Asset-Based $ 75,556 $ 70,162 $ 167,285 $ 147,608 Asset-Light 12,454 (1,595) (18,663) (5,384) Other and eliminations(6) (14,676) (13,940) (92,481) (43,658) Total consolidated operating income $ 73,334 $ 54,627 $ 56,141 $ 98,566 1) Restructuring charges relate to realignment of the Company’s organizational structure as previously announced. 2) The nine months ended September 30, 2026 include a gain of $2.9 million on the sale of a service center during the second quarter of 2026. The 2025 periods include a net gain of $15.7 million, primarily related to two service center sales during the third quarter of 2025. 3) Includes amortization of intangibles associated with acquired businesses. 4) Represents $25.7 million in noncash asset impairment charges to write off the remaining carrying value of the Panther trade name as part of a strategic brand consolidation decision within Asset‐Light’s operations and $8.8 million in lease-related impairment charges associated with certain office space. 5) Represents the change in fair value of the contingent earnout consideration recorded for the MoLo acquisition. The Company reduced the contingent consideration for the MoLo acquisition to zero in the second quarter of 2025, reflecting the probability of no earnout payment based on projections of adjusted earnings before interest, taxes, depreciation, and amortization for 2025. 6) Includes $3.4 million in restructuring charges for the three months ended September 30, 2026. The nine months ended September 30, 2026 include $50.8 million in asset impairment charges recognized during the second quarter of 2026 related to the write-off of certain Freight Movement System assets associated with Vaux and $3.9 million in restructuring charges. “Other” also includes certain unallocated shared service costs which are not attributable to any segment, additional investments to offer comprehensive transportation and logistics services across multiple operating segments, costs related to our customer pilot offering of Vaux, and other investments in ArcBest technology and innovations.
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8 ARCBEST CORPORATION RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures We report our financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). However, management believes that certain non-GAAP financial measures and ratios utilized internally to assess core performance offer analysts, investors, and others insights into performance trends by excluding items from operating results that management believes do not reflect our core operating performance. Our calculations may not be comparable to similarly titled measures of other companies as other companies may calculate non-GAAP measures differently. Certain information discussed in the scheduled conference call could be considered non- GAAP measures. Non-GAAP financial measures should be viewed in addition to, and not as an alternative or a better measurement than operating income, net income or earnings per share, as determined under GAAP, which are the most directly comparable measures for the periods presented. Three Months Ended Nine Months Ended September 30 September 30 2026 2025 2026 2025 ArcBest Corporation — Consolidated (Unaudited) ($ thousands, except per share data) Operating Income Amounts on GAAP basis $ 73,334 $ 54,627 $ 56,141 $ 98,566 Innovative technology costs, pre-tax(1) 6,062 7,713 21,039 22,349 Purchase accounting amortization, pre-tax(2) 1,809 3,192 6,852 9,576 Asset impairment charges, pre-tax(3) — — 85,266 — Restructuring charges, pre-tax(4) 4,281 — 6,454 — Gain on sale of certain properties, pre-tax(5) — (15,726) (2,910) (15,726) Change in fair value of contingent consideration, pre-tax(6) — — — (2,650) Non-GAAP amounts $ 85,486 $ 49,806 $ 172,842 $ 112,115 Net Income Amounts on GAAP basis $ 51,659 $ 39,274 $ 36,798 $ 68,214 Innovative technology costs, after-tax (includes related financing costs) (1) 4,559 5,862 15,917 17,014 Purchase accounting amortization, after-tax(2) 1,365 2,399 5,169 7,195 Asset impairment charges, after-tax(3) — — 64,209 — Restructuring charges, after-tax(4) 3,219 — 4,853 — Gain on sale of certain properties, after-tax(5) — (11,778) (2,184) (11,778) Change in fair value of contingent consideration, after-tax(6) — — — (1,991) Changes in cash surrender value and gains on life insurance policies (1,996) (2,348) (3,819) (3,089) Tax expense (benefit) from vested RSUs (140) 8 (1,549) 1,000 Non-GAAP amounts $ 58,666 $ 33,417 $ 119,394 $ 76,565 Diluted Earnings Per Share Amounts on GAAP basis $ 2.30 $ 1.72 $ 1.64 $ 2.96 Innovative technology costs, after-tax (includes related financing costs) (1) 0.20 0.26 0.71 0.74 Purchase accounting amortization, after-tax(2) 0.06 0.11 0.23 0.31 Asset impairment charges, after-tax(3) — — 2.86 — Restructuring charges, after-tax(4) 0.14 — 0.22 — Gain on sale of certain properties, after-tax(5) — (0.52) (0.10) (0.51) Change in fair value of contingent consideration, after-tax(6) — — — (0.09) Changes in cash surrender value and gains on life insurance policies (0.09) (0.10) (0.17) (0.13) Tax expense (benefit) from vested RSUs (0.01) — (0.07) 0.04 Non-GAAP amounts(7) $ 2.62 $ 1.46 $ 5.31 $ 3.32 See “Notes to Non-GAAP Financial Tables” for footnotes to this ArcBest Corporation – Consolidated non-GAAP table.
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9 ARCBEST CORPORATION RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES - Continued Three Months Ended Nine Months Ended September 30 September 30 2026 2025 2026 2025 Segment Operating Income (Loss) Reconciliations (Unaudited) ($ thousands, except percentages) Asset-Based Segment Operating Income ($) and Operating Ratio (% of revenues) Amounts on GAAP basis $ 75,556 90.5% $ 70,162 90.3% $ 167,285 92.5% $ 147,608 92.9% Restructuring charges, pre-tax(4) 733 (0.1) — — 1,686 (0.1) — — Gain on sale of certain properties, pre- tax(5) — — (15,726) 2.2 (2,910) 0.1 (15,726) 0.8 Non-GAAP amounts(7) $ 76,289 90.4% $ 54,436 92.5% $ 166,061 92.6% $ 131,882 93.7% Asset-Light Segment Operating Income (Loss) ($) and Operating Ratio (% of revenues) Amounts on GAAP basis $ 12,454 97.2% $ (1,595) 100.4% $ (18,663) 101.5% $ (5,384) 100.5% Purchase accounting amortization, pre- tax(2) 1,809 (0.4) 3,192 (0.9) 6,852 (0.5) 9,576 (0.9) Asset impairment charges, pre-tax(3) — — — — 34,503 (2.7) — — Restructuring charges, pre-tax(4) 172 — — — 884 (0.1) — — Change in fair value of contingent consideration, pre-tax(6) — — — — — — (2,650) 0.2 Non-GAAP amounts(7) $ 14,435 96.8% $ 1,597 99.6% $ 23,576 98.1% $ 1,542 99.9% Other and Eliminations Operating Loss ($) Amounts on GAAP basis $ (14,676) $ (13,940) $ (92,481) $ (43,658) Innovative technology costs, pre-tax(1) 6,062 7,713 21,039 22,349 Asset impairment charges, pre-tax(3) — — 50,763 — Restructuring charges, pre-tax(4) 3,376 — 3,884 — Non-GAAP amounts $ (5,238) $ (6,227) $ (16,795) $ (21,309) Note: See “Notes to Non-GAAP Financial Tables” for footnotes to this Segment Operating Income (Loss) Reconciliations non- GAAP table.
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10 ARCBEST CORPORATION RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued Effective Tax Rate Reconciliation ArcBest Corporation - Consolidated (Unaudited) ($ thousands, except percentages) Three Months Ended September 30, 2026 Other Income Income Operating Income Before Income Tax Net Income (Costs) Taxes Provision Income Tax Rate(8) Amounts on GAAP basis $ 73,334 $ (2,461) $ 70,873 $ 19,214 $ 51,659 27.1% Innovative technology costs(1) 6,062 — 6,062 1,503 4,559 24.8 Purchase accounting amortization(2) 1,809 — 1,809 444 1,365 24.5 Restructuring charges(4) 4,281 — 4,281 1,062 3,219 24.8 Changes in cash surrender value and gains on life insurance policies — (1,996) (1,996) — (1,996) — Tax benefit from vested RSUs — — — 140 (140) — Non-GAAP amounts $ 85,486 $ (4,457) $ 81,029 $ 22,363 $ 58,666 27.6% Nine Months Ended September 30, 2026 Other Income Income Operating Income Before Income Tax Net Income (Costs) Taxes Provision Income Tax Rate(8) Amounts on GAAP basis $ 56,141 $ (7,558) $ 48,583 $ 11,785 $ 36,798 24.3% Innovative technology costs(1) 21,039 125 21,164 5,247 15,917 24.8 Purchase accounting amortization(2) 6,852 — 6,852 1,683 5,169 24.6 Restructuring charges(4) 6,454 — 6,454 1,601 4,853 24.8 Asset impairment charges(3) 85,266 — 85,266 21,057 64,209 24.7 Gain on sale of certain properties(5) (2,910) — (2,910) (726) (2,184) (24.9) Changes in cash surrender value and gains on life insurance policies — (3,819) (3,819) — (3,819) — Tax benefit from vested RSUs — — — 1,549 (1,549) — Non-GAAP amounts $ 172,842 $ (11,252) $ 161,590 $ 42,196 $ 119,394 26.1% Three Months Ended September 30, 2025 Other Income Income Operating Income Before Income Tax Net Income (Costs) Taxes Provision Income Tax Rate(8) Amounts on GAAP basis $ 54,627 $ (1,119) $ 53,508 $ 14,234 $ 39,274 26.6% Innovative technology costs(1) 7,713 81 7,794 1,932 5,862 24.8 Purchase accounting amortization(2) 3,192 — 3,192 793 2,399 24.9 Gain on sale of certain properties(5) (15,726) — (15,726) (3,948) (11,778) (25.1) Changes in cash surrender value and gains on life insurance policies — (2,348) (2,348) — (2,348) — Tax expense from vested RSUs — — — (8) 8 — Non-GAAP amounts $ 49,806 $ (3,386) $ 46,420 $ 13,003 $ 33,417 28.0% Nine Months Ended September 30, 2025 Other Income Income Operating Income Before Income Tax Net Income (Costs) Taxes Provision Income Tax Rate(8) Amounts on GAAP basis $ 98,566 $ (4,916) $ 93,650 $ 25,436 $ 68,214 27.2% Innovative technology costs(1) 22,349 274 22,623 5,609 17,014 24.8 Purchase accounting amortization(2) 9,576 — 9,576 2,381 7,195 24.9 Gain on sale of certain properties(5) (15,726) — (15,726) (3,948) (11,778) (25.1) Change in fair value of contingent consideration(6) (2,650) — (2,650) (659) (1,991) (24.9) Changes in cash surrender value and gains on life insurance policies — (3,089) (3,089) — (3,089) — Tax expense from vested RSUs — — — (1,000) 1,000 — Non-GAAP amounts $ 112,115 $ (7,731) $ 104,384 $ 27,819 $ 76,565 26.7% Note: See “Notes to Non-GAAP Financial Tables” for footnotes to this Effective Tax Rate Reconciliation non-GAAP table.
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11 ARCBEST CORPORATION RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (Adjusted EBITDA) Adjusted EBITDA is used for business planning and as a key performance measure, particularly because it excludes certain significant expenses resulting from strategic decisions or other factors rather than core daily operations, such as amortization of acquired intangibles of the Asset-Light segment, asset impairment charges, and changes in the fair value of contingent consideration. The calculation of Consolidated Adjusted EBITDA as presented below begins with net income, which is the most directly comparable GAAP measure. The calculation of Asset-Light Adjusted EBITDA as presented below begins with operating income (loss), as other income (costs), income tax provision, and net income are reported at the consolidated level and not included in the operating segment financial information evaluated by management to make operating decisions. Three Months Ended Nine Months Ended September 30 September 30 2026 2025 2026 2025 (Unaudited) ($ thousands) ArcBest Corporation - Consolidated Adjusted EBITDA Net Income $ 51,659 $ 39,274 $ 36,798 $ 68,214 Interest and other related financing costs 3,176 3,334 10,855 9,045 Income tax provision 19,214 14,234 11,785 25,436 Depreciation and amortization(9) 43,172 44,400 132,157 125,290 Share-based compensation expense 2,502 2,742 7,222 8,904 Asset impairment charges(3) — — 85,266 — Change in fair value of contingent consideration(6) — — — (2,650) Consolidated Adjusted EBITDA $ 119,723 $ 103,984 $ 284,083 $ 234,239 Note: See “Notes to Non-GAAP Financial Tables” for footnotes to this ArcBest Corporation – Consolidated Adjusted EBITDA non- GAAP table. Three Months Ended Nine Months Ended September 30 September 30 2026 2025 2026 2025 (Unaudited) ($ thousands) Asset-Light Adjusted EBITDA Operating Income (Loss) $ 12,454$ (1,595)$ (18,663)$ (5,384) Depreciation and amortization(9) 3,139 4,647 11,030 13,870 Asset impairment charges(3) — — 34,503 — Change in fair value of contingent consideration(6) — — — (2,650) Asset-Light Adjusted EBITDA $ 15,593$ 3,052$ 26,870$ 5,836 Note: See “Notes to Non-GAAP Financial Tables” for footnotes to this Asset-Light Adjusted EBITDA non-GAAP table.
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12 ARCBEST CORPORATION RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued Notes to Non-GAAP Financial Tables The following footnotes apply to the non-GAAP financial tables presented in this press release. 1) Represents costs related to our customer pilot offering of Vaux and initiatives to optimize our performance through technological innovation. 2) Represents the amortization of acquired intangible assets in the Asset-Light segment. 3) For other and eliminations, represents $50.8 million in asset impairment charges related to the write-off of certain Freight Movement System assets associated with Vaux. For Asset-Light, represents $25.7 million in noncash asset impairment charges to write off the remaining carrying value of the Panther trade name as part of a strategic brand consolidation decision within Asset-Light’s operations and $8.8 million in lease-related impairment charges associated with certain office space. 4) Represents restructuring charges for the realignment of the Company’s organizational structure as previously announced. 5) Primarily represents gains on service center sales within the Asset-Based operations. 6) Represents the change in fair value of the contingent earnout consideration related to the MoLo acquisition, as previously described in the footnotes to the Financial Statement Operating Segment Data and Operating Ratios table. 7) Non-GAAP amounts are calculated in total and may not equal the sum of GAAP amounts and non-GAAP adjustments due to rounding. 8) Tax rate for total “Amounts on GAAP basis” represents the effective tax rate. The tax effects of non-GAAP adjustments are calculated based on the statutory rate applicable to each item based on tax jurisdiction unless the nature of the item requires the tax effect to be estimated by applying a specific tax treatment. 9) Includes amortization of intangibles associated with acquired businesses.
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13 ARCBEST CORPORATION OPERATING STATISTICS Three Months Ended Nine Months Ended September 30 September 30 2026 2025 % Change 2026 2025 % Change (Unaudited) Asset-Based Workdays 64.0 64.0 190.0 190.5 Tonnage / Day 12,313 11,238 9.6% 11,904 11,125 7.0% Shipments / Day 20,460 21,095 (3.0%) 20,255 20,550 (1.4%) Billed Revenue(1) / Shipment $ 610.78 $ 534.80 14.2% $ 583.99 $ 534.52 9.3% Billed Revenue(1) / CWT $ 50.75 $ 50.19 1.1% $ 49.68 $ 49.37 0.6% Weight / Shipment 1,204 1,065 13.0% 1,175 1,083 8.6% Shipments / DSY hour 0.436 0.446 (2.1%) 0.438 0.448 (2.2%) Average Length of Haul (Miles) 1,112 1,129 (1.5%) 1,124 1,128 (0.4%) 1) Revenue for undelivered freight is deferred for financial statement purposes in accordance with the Asset-Based segment revenue recognition policy. Billed revenue has not been adjusted for the portion of revenue deferred for financial statement purposes. Year Over Year % Change Three Months Ended Nine Months Ended September 30, 2026September 30, 2026 (Unaudited) Asset-Light Shipments / Day 1.2% 8.3% Revenue / Shipment 23.8% 10.9% Shipments / Person / Day 7.6% 22.2% ###