Grew Asset-Based revenue and improved Asset-Based profitability, with sequential margin expansion ahead of typical seasonality
Grew Asset-Light revenue and volumes while maintaining cost discipline and improving productivity
Advanced strategic priorities with the successful launch of ArcBest View™ and continued execution on operating efficiency initiatives

ArcBest^® (NASDAQ:ARCB), a leader in supply chain logistics, announced financial results for the second quarter ended June 30, 2026.

Second quarter 2026 revenue totaled $1.2 billion, compared to $1.0 billion in the prior-year period. Net loss was $13.8 million, or $0.62 per diluted share, versus net income of $25.8 million, or $1.12 per diluted share, in the second quarter of 2025.

On a non-GAAP basis, net income was $53.6 million, or $2.38 per diluted share, compared to $31.2 million, or $1.36 per diluted share, in the prior year. Non-GAAP results exclude the impairment and 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.

"Our second-quarter performance reflects disciplined execution, a more constructive operating environment and the value customers are gaining from our integrated logistics solutions," said Seth Runser, ArcBest President and CEO. "We grew revenue and improved operating performance while continuing to invest in capabilities that make complex supply chains easier to manage. The launch of ArcBest View™ marks an important step in that journey, and our continued progress on pricing, cost management, efficiency and productivity initiatives positions us to deliver sustainable, profitable growth."

Results of Operations Comparisons

Asset-Based

Second Quarter 2026 Versus Second Quarter 2025

Revenue of $783.7 million compared to $713.3 million, a per-day increase of 9.9 percent
Tonnage per day increase of 4.9 percent
Shipments per day decrease of 2.8 percent
Billed revenue per shipment increase of 12.5 percent
Billed revenue per hundredweight increase of 4.2 percent
Weight per shipment increase of 8.0 percent
Operating income of $74.3 million and an operating ratio of 90.5 percent, compared to $51.0 million and 92.8 percent
On a non-GAAP basis, operating income of $72.3 million and an operating ratio of 90.8 percent, compared to $51.0 million and 92.8 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 a higher revenue per hundredweight, largely reflecting higher fuel surcharge revenue. Excluding fuel surcharge, revenue per hundredweight was flat.

Customer contract renewals and deferred pricing agreements averaged a 5.8 percent increase during the second quarter, and LTL industry pricing remains rational.

Operating expenses increased due to annual union wage adjustments, increased fuel prices and purchased transportation costs, and higher equipment depreciation.

On a sequential basis, second quarter daily revenue was up 17.8 percent compared to the first quarter. Tonnage per day increased 9.8 percent, driven by a 6.5 percent increase in weight per shipment and a 3.1 percent increase in daily shipments. Billed revenue per shipment increased 13.5 percent due to the heavier freight profile and a 6.5 percent increase in revenue per hundredweight, driven by higher fuel surcharge revenue and improved pricing. Excluding fuel surcharge, revenue per hundredweight improved by low single digits. The non-GAAP operating ratio decreased by 650 basis points, outperforming typical seasonality, due to higher fuel surcharge revenue, disciplined execution on pricing initiatives, and continued progress on cost optimization, network efficiency, and technology-driven productivity initiatives.

Asset-Light

Second Quarter 2026 Versus Second Quarter 2025

Revenue of $438.7 million compared to $341.9 million, a per-day increase of 28.3 percent
Shipments per day increase of 14.6 percent
Revenue per shipment increase of 12.0 percent
Purchased transportation expense was 86.5 percent of revenue compared to 84.4 percent
Operating loss of $31.3 million compared to operating income of $0.6 million
On a non-GAAP basis, operating income of $6.3 million compared to $1.1 million
Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), as defined in the attached non-GAAP reconciliation tables, of $7.0 million compared to $2.5 million

Revenue increased primarily due to higher shipment volumes, led by Managed. Revenue per shipment also increased, reflecting higher fuel prices and a tightening capacity environment. Revenue growth, combined with disciplined cost management and productivity improvements, drove improved non-GAAP operating income compared to the prior year.

Compared sequentially to the first quarter, second quarter daily revenue increased 14.3 percent, reflecting a 14.4 percent increase in revenue per shipment and flat shipments per day. Revenue growth, cost management and productivity improvements 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 today, Wednesday, July 29, 2026, at 9:30 a.m. ET (8:30 a.m. CT). Interested parties may listen by dialing (800) 715‑9871 and entering conference ID 6423434, 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 July 29, 2026, will 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 call will be available through August 12, 2026, by dialing (800) 770-2030 and entering conference ID 6423434. The webcast replay will also be accessible on ArcBest’s website.

About ArcBest

ArcBest^® (NASDAQ:ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 14,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chains. ArcBest has a long history of innovation that is enriched by deep customer relationships. With a commitment to helping customers navigate supply chain challenges now and in the future, the company continues to invest in purpose-built technology such as ArcBest View™, its digital logistics platform that brings quoting, booking, shipment visibility and reporting into one connected experience. For more information, visit arcb.com.

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. 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; 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.

ARCBEST CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended						Six Months Ended
	June 30						June 30
	2026			2025			2026			2025
	(Unaudited)
	($ thousands, except share and per share data)
REVENUES	$	1,184,533		$	1,022,256		$	2,183,319		$	1,989,333

OPERATING EXPENSES		1,205,156			984,947			2,200,512			1,945,394

OPERATING INCOME (LOSS)		(20,623	)		37,309			(17,193	)		43,939

OTHER INCOME (COSTS)
Interest and dividend income		906			1,037			1,582			2,187
Interest and other related financing costs		(3,391	)		(2,956	)		(7,679	)		(5,711	)
Other, net		2,152			578			1,000			(273	)
		(333	)		(1,341	)		(5,097	)		(3,797	)

INCOME (LOSS) BEFORE INCOME TAXES		(20,956	)		35,968			(22,290	)		40,142

INCOME TAX PROVISION (BENEFIT)		(7,132	)		10,159			(7,429	)		11,202

NET INCOME (LOSS)	$	(13,824	)	$	25,809		$	(14,861	)	$	28,940

EARNINGS PER COMMON SHARE
Basic	$	(0.62	)	$	1.12		$	(0.67	)	$	1.25
Diluted	$	(0.62	)	$	1.12		$	(0.67	)	$	1.25

AVERAGE COMMON SHARES OUTSTANDING
Basic		22,348,772			22,944,228			22,344,449			23,070,812
Diluted		22,348,772			23,008,707			22,344,449			23,146,609

ARCBEST CORPORATION
CONSOLIDATED BALANCE SHEETS

	June 30			December 31
	2026			2025
	(Unaudited)			Note
	($ thousands, except share data)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	145,851		$	102,030
Short-term investments		22,580			22,204
Accounts receivable, less allowances (2026 - $8,884; 2025 - $7,763)		453,782			370,969
Other accounts receivable, less allowances (2026 - $713; 2025 - $656)		9,206			26,295
Prepaid expenses		38,748			49,399
Prepaid and refundable income taxes		27,483			45,405
Other		8,836			9,761
TOTAL CURRENT ASSETS		706,486			626,063

PROPERTY, PLANT AND EQUIPMENT
Land and structures		574,861			566,071
Revenue equipment		1,212,564			1,201,386
Service, office, and other equipment		312,336			363,340
Software		191,444			190,673
Leasehold improvements		43,349			41,531
		2,334,554			2,363,001
Less allowances for depreciation and amortization		1,242,195			1,219,564
PROPERTY, PLANT AND EQUIPMENT, net		1,092,359			1,143,437

GOODWILL		304,753			304,753
INTANGIBLE ASSETS, net		37,716			69,391
OPERATING RIGHT-OF-USE ASSETS		215,292			220,157
DEFERRED INCOME TAXES		16,770			9,303
OTHER LONG-TERM ASSETS		78,909			79,558
TOTAL ASSETS	$	2,452,285		$	2,452,662

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	198,228		$	154,487
Income taxes payable		8,811			—
Accrued expenses		391,794			378,125
Current portion of long-term debt		94,484			87,882
Current portion of operating lease liabilities		36,263			36,394
TOTAL CURRENT LIABILITIES		729,580			656,888

LONG-TERM DEBT, less current portion		121,065			135,974
OPERATING LEASE LIABILITIES, less current portion		207,947			204,333
POSTRETIREMENT LIABILITIES, less current portion		13,700			13,696
DEFERRED INCOME TAXES		80,898			111,580
OTHER LONG-TERM LIABILITIES		31,502			34,470

STOCKHOLDERS’ EQUITY
Common stock, $0.01 par value, authorized 70,000,000 shares; issued 2026: 30,579,951 shares; 2025: 30,489,886 shares		306			305
Additional paid-in capital		338,861			338,083
Retained earnings		1,464,152			1,484,378
Treasury stock, at cost, 2026: 8,232,856 shares; 2025: 8,140,368 shares		(534,777	)		(526,606	)
Accumulated other comprehensive loss		(949	)		(439	)
TOTAL STOCKHOLDERS’ EQUITY		1,267,593			1,295,721
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	2,452,285		$	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.

ARCBEST CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six Months Ended
	June 30
	2026			2025
	(Unaudited)
	($ thousands)
OPERATING ACTIVITIES
Net income (loss)	$	(14,861	)	$	28,940
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		83,929			74,490
Amortization of intangibles		5,056			6,400
Share-based compensation expense		4,720			6,162
Provision for losses on accounts receivable		2,257			1,402
Change in deferred income taxes		(37,989	)		(187	)
(Gain) loss on sale of property and equipment		(1,784	)		42
Asset impairment charges		85,266			—
Change in fair value of contingent consideration		—			(2,650	)
Changes in operating assets and liabilities:
Receivables		(68,517	)		3,866
Prepaid expenses		10,651			9,744
Other assets		(2,315	)		(1,396	)
Income taxes		26,652			9,130
Operating right-of-use assets and lease liabilities, net		(15	)		(11,421	)
Accounts payable, accrued expenses, and other liabilities		45,229			(39,486	)
NET CASH PROVIDED BY OPERATING ACTIVITIES		138,279			85,036

INVESTING ACTIVITIES
Purchases of property, plant and equipment, net of financings		(22,388	)		(42,007	)
Proceeds from sale of property and equipment		6,095			6,142
Proceeds from sale of short-term investments		—			5,236
Capitalization of internally developed software		(7,275	)		(6,268	)
Other investing activities		—			1,075
NET CASH USED IN INVESTING ACTIVITIES		(23,568	)		(35,822	)

FINANCING ACTIVITIES
Borrowings under credit facilities		—			25,000
Payments on long-term debt		(52,679	)		(35,526	)
Net change in book overdrafts		(717	)		(2,021	)
Deferred financing costs		(17	)		(19	)
Payment of common stock dividends		(5,365	)		(5,543	)
Purchases of treasury stock		(8,171	)		(41,737	)
Payments for tax withheld on share-based compensation		(3,941	)		(1,938	)
NET CASH USED IN FINANCING ACTIVITIES		(70,890	)		(61,784	)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		43,821			(12,570	)
Cash and cash equivalents at beginning of period		102,030			127,444
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	145,851		$	114,874

NONCASH INVESTING ACTIVITIES
Equipment financed	$	44,372		$	62,791
Accruals for equipment received	$	10,186		$	14,586
Lease liabilities arising from obtaining right-of-use assets	$	22,228		$	41,978

ARCBEST CORPORATION
FINANCIAL STATEMENT OPERATING SEGMENT DATA AND OPERATING RATIOS

	Three Months Ended												Six Months Ended
	June 30												June 30
	2026						2025						2026						2025
	(Unaudited)
	($ thousands, except percentages)
REVENUES
Asset-Based	$	783,671					$	713,312					$	1,438,678					$	1,359,606
Asset-Light		438,705						341,922						816,451						697,934
Other and eliminations		(37,843	)					(32,978	)					(71,810	)					(68,207	)
Total consolidated revenues	$	1,184,533					$	1,022,256					$	2,183,319					$	1,989,333

OPERATING EXPENSES
Asset-Based
Salaries, wages, and benefits	$	374,101		47.7		%	$	365,929		51.3		%	$	729,240		50.7		%	$	710,070		52.2		%
Fuel, supplies, and expenses		97,832		12.4				79,834		11.2				179,417		12.4				157,476		11.6
Operating taxes and licenses		14,136		1.8				13,845		1.9				28,604		2.0				26,957		2.0
Insurance		16,505		2.1				17,653		2.5				32,574		2.3				35,616		2.6
Communications and utilities		5,270		0.7				5,150		0.7				11,029		0.8				10,960		0.8
Depreciation and amortization		36,632		4.7				31,664		4.4				72,843		5.0				62,254		4.6
Rents and purchased transportation		90,112		11.5				76,198		10.7				158,772		11.0				143,359		10.6
Shared services		74,352		9.5				69,868		9.8				133,516		9.3				132,311		9.7
Restructuring charges⁽¹⁾		953		0.1				—		—				953		0.1				—		—
Gain on sale of property and equipment⁽²⁾		(2,496	)	(0.3	)			(159	)	—				(2,352	)	(0.2	)			(136	)	—
Other		2,022		0.3				2,301		0.3				2,353		0.2				3,293		0.2
Total Asset-Based		709,419		90.5		%		662,283		92.8		%		1,346,949		93.6		%		1,282,160		94.3		%

Asset-Light
Purchased transportation	$	379,313		86.5		%	$	288,580		84.4		%	$	704,984		86.3		%	$	593,194		85.0		%
Salaries, wages, and benefits		29,095		6.6				25,629		7.5				51,840		6.4				51,178		7.3
Supplies and expenses		1,670		0.4				1,739		0.5				3,119		0.4				3,478		0.5
Depreciation and amortization⁽³⁾		3,881		0.9				4,605		1.4				7,891		1.0				9,223		1.3
Shared services		13,925		3.1				18,594		5.4				32,694		4.0				36,575		5.3
Asset impairment charges⁽⁴⁾		34,503		7.9				—		—				34,503		4.2				—		—
Restructuring charges⁽¹⁾		712		0.2				—		—				712		0.1				—		—
Contingent consideration⁽⁵⁾		—		—				(2,650	)	(0.8	)			—		—				(2,650	)	(0.4	)
Other		6,954		1.5				4,834		1.4				11,825		1.4				10,725		1.5
Total Asset-Light		470,053		107.1		%		341,331		99.8		%		847,568		103.8		%		701,723		100.5		%

Other and eliminations⁽⁶⁾		25,684						(18,667	)					5,995						(38,489	)
Total consolidated operating expenses	$	1,205,156		101.7		%	$	984,947		96.4		%	$	2,200,512		100.8		%	$	1,945,394		97.8		%

OPERATING INCOME (LOSS)
Asset-Based	$	74,252					$	51,029					$	91,729					$	77,446
Asset-Light		(31,348	)					591						(31,117	)					(3,789	)
Other and eliminations⁽⁶⁾		(63,527	)					(14,311	)					(77,805	)					(29,718	)
Total consolidated operating income (loss)	$	(20,623	)				$	37,309					$	(17,193	)				$	43,939

____________________
1)		Restructuring charges relate to realignment of the Company’s organizational structure as previously announced.
2)		The 2026 periods include a net gain of $2.9 million on the sale of a service center during second quarter 2026.
3)		Includes amortization of intangibles associated with acquired businesses.
4)		Represents noncash asset impairment charges of $25.7 million to write off the Panther trade name in connection with a strategic brand consolidation decision within Asset-Light’s operations and an $8.8 million lease-related impairment charge associated with 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 second quarter 2025, reflecting the probability of no earnout payment based on projections of adjusted earnings before interest, taxes, depreciation, and amortization for 2025.
6)		Includes $0.5 million in restructuring charges and $50.8 million in asset impairment charges related to the write-off of certain freight movement system assets associated with Vaux for the 2026 periods. "Other" also includes corporate costs for 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.

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 (loss), net income (loss) or earnings per share, as determined under GAAP, which are the most directly comparable measures for the periods presented.


	Three Months Ended						Six Months Ended
	June 30						June 30
	2026			2025			2026			2025
ArcBest Corporation — Consolidated	(Unaudited)
	($ thousands, except per share data)
Operating Income (Loss)
Amounts on GAAP basis	$	(20,623	)	$	37,309		$	(17,193	)	$	43,939
Innovative technology costs, pre-tax⁽¹⁾		7,528			7,123			14,977			14,636
Purchase accounting amortization, pre-tax⁽²⁾		2,457			3,192			5,043			6,384
Asset impairment charges, pre-tax⁽³⁾		85,266			—			85,266			—
Restructuring charges, pre-tax⁽⁴⁾		2,173			—			2,173			—
Gain on sale of property, pre-tax⁽⁵⁾		(2,910	)		—			(2,910	)		—
Change in fair value of contingent consideration, pre-tax⁽⁶⁾		—			(2,650	)		—			(2,650	)
Non-GAAP amounts	$	73,891		$	44,974		$	87,356		$	62,309

Net Income (Loss)
Amounts on GAAP basis	$	(13,824	)	$	25,809		$	(14,861	)	$	28,940
Innovative technology costs, after-tax (includes related financing costs)⁽¹⁾		5,709			5,428			11,358			11,152
Purchase accounting amortization, after-tax⁽²⁾		1,853			2,398			3,804			4,796
Asset impairment charges, after-tax⁽³⁾		64,209			—			64,209			—
Restructuring charges, after-tax⁽⁴⁾		1,634			—			1,634			—
Gain on sale of property, after-tax⁽⁵⁾		(2,184	)		—			(2,184	)		—
Change in fair value of contingent consideration, after-tax⁽⁶⁾		—			(1,991	)		—			(1,991	)
Changes in cash surrender value and gains on life insurance policies		(2,500	)		(1,428	)		(1,823	)		(741	)
Tax expense (benefit) from vested RSUs		(1,320	)		995			(1,409	)		992
Non-GAAP amounts	$	53,577		$	31,211		$	60,728		$	43,148

Diluted Earnings Per Share⁽⁷⁾
Amounts on GAAP basis	$	(0.62	)	$	1.12		$	(0.67	)	$	1.25
Innovative technology costs, after-tax (includes related financing costs)⁽¹⁾		0.25			0.24			0.51			0.48
Purchase accounting amortization, after-tax⁽²⁾		0.08			0.10			0.17			0.21
Asset impairment charges, after-tax⁽³⁾		2.86			—			2.86			—
Restructuring charges, after-tax⁽⁴⁾		0.07			—			0.07			—
Gain on sale of property, after-tax⁽⁵⁾		(0.10	)		—			(0.10	)		—
Change in fair value of contingent consideration, after-tax⁽⁶⁾		—			(0.09	)		—			(0.09	)
Changes in cash surrender value and gains on life insurance policies		(0.11	)		(0.06	)		(0.08	)		(0.03	)
Tax expense (benefit) from vested RSUs		(0.06	)		0.04			(0.06	)		0.04
Non-GAAP amounts⁽⁸⁾	$	2.38		$	1.36		$	2.70		$	1.86

____________________

See "Notes to Non-GAAP Financial Tables" for footnotes to this ArcBest Corporation – Consolidated non-GAAP table.

ARCBEST CORPORATION
RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES - Continued

	Three Months Ended												Six Months Ended
	June 30												June 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	$	74,252		90.5		%	$	51,029		92.8		%	$	91,729		93.6		%	$	77,446		94.3		%
Restructuring charges, pre-tax⁽⁴⁾		953		(0.1	)			—		—				953		(0.1	)			—		—
Gain on sale of property, pre-tax⁽⁵⁾		(2,910	)	0.4				—		—				(2,910	)	0.2				—		—
Non-GAAP amounts⁽⁸⁾		72,295		90.8		%	$	51,029		92.8		%		89,772		93.8		%	$	77,446		94.3		%

Asset-Light Segment
Operating Income (Loss) ($) and Operating Ratio (% of revenues)
Amounts on GAAP basis	$	(31,348	)	107.1		%	$	591		99.8		%	$	(31,117	)	103.8		%	$	(3,789	)	100.5		%
Purchase accounting amortization, pre-tax⁽²⁾		2,457		(0.6	)			3,192		(0.9	)			5,043		(0.6	)			6,384		(0.9	)
Asset impairment charges, pre-tax⁽³⁾		34,503		(7.9	)			—		—				34,503		(4.2	)			—		—
Restructuring charges, pre-tax⁽⁴⁾		712		(0.2	)			—		—				712		(0.1	)			—		—
Change in fair value of contingent consideration, pre-tax⁽⁶⁾		—		—				(2,650	)	0.8				—		—			<