ABF | Arkansas Best Corporation Announces 4th Quarter and Full Year 2007 Results

[HillBilly Frog]

Arkansas Best Corporation Announces 4th Quarter and Full Year 2007 Results
PR Newswire
January 25, 2008: 03:00 AM EST

FORT SMITH, Ark., Jan. 25 /PRNewswire-FirstCall/ -- Arkansas Best Corporation today announced fourth quarter 2007 net income of $13.5 million, or $0.54 per diluted common share, compared to $14.2 million, or $0.56 per diluted common share, in the fourth quarter of 2006. Arkansas Best's revenue during the fourth quarter of 2007 was $459.3 million compared to $454.3 million in the fourth quarter of 2006.

For the full year of 2007, ABF's revenue was $1.77 billion, a per-day decrease of 3.3% compared to 2006 revenue. After adjusting for pension settlement expense, ABF's 2007 operating ratio was 95.1% versus an operating ratio of 92.6% in 2006, and ABF's 2007 operating income was $86.2 million versus $135.3 million during 2006. "The reduction in operating income was primarily associated with the effects of lower tonnage levels throughout the year and the additional costs related to the implementation of ABF's regional model," said Mr. Davidson. Total tonnage per day in 2007 decreased by 5.1% compared to 2006. Total billed revenue per hundredweight in 2007 was $25.81, an increase of 1.9% over last year's figure of $25.32.

Arkansas Best Corporation Announces 4th Quarter and Full Year 2007 Results

Arkansas Best Corporation Declares a $0.15/Share Quarterly Dividend

Arkansas Best Q4 Profit Drops 4.8%; Adj. EPS Down, Matches Street View - Update [ABFS]

Arkansas Best Corporation Announces 4th Quarter and Full Year 2007 Results

Arkansas Best 4Q Profit Falls