Latest news for Asia Carbon Industries (OTC:ACRB) Stock

Asia Carbon Industries Inc is a United States based company, through its subsidiary, manufactures carbon black products under the Great Double Star brand and other by-products. The company manufactures one soft and two hard carbon black products, called N660, N330, and N220, respectively.

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Investors Cheer ArcBest&#39; Dividend, New $100M ASR Program

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Stocks That Hit 52-Week Highs On Thursday

ASIA CARBON INDUSTRIES by Asia Carbon Industries, Inc.

Asia Carbon Industries Inc

Asia Carbon Industries

<ul>
	<li>ArcBest Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/11/n23786284/arcbest-declares-an-0-08share-quarterly-dividend-announces-new-100-million-accelerated-share-repur" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">declared a quarterly cash dividend of $0.08 per share&nbsp;</a>payable on November 26, 2021, to record holders on November 12, 2021.</li>
	<li>The board also authorized ArcBest to enter into an accelerated share repurchase program with Morgan Stanley &amp; Co. LLC to repurchase $100 million of common stock.&nbsp;&nbsp;</li>
	<li>The ASR authorization is in addition to the approval under the existing ArcBest share repurchase program, which currently has $41.9 million available.&nbsp;</li>
	<li>The company intends to enter into the ASR shortly after its earnings release for the third quarter of 2021, scheduled for November 2, 2021.</li>
	<li>Price Action:&nbsp;ARCB shares are trading higher by 5.98% at $95.22 on the last check on Monday.</li>
</ul>

Investors Cheer ArcBest' Dividend, New $100M ASR Program

<ul>
	<li>ArcBest Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/08/n22269862/arcbest-announces-second-quarter-2021-results" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported second-quarter</a>&nbsp;revenue growth of 51.3% year-over-year to $948.97 million, beating the consensus estimate of $915.95 million.</li>
	<li>Adjusted EPS improved to $1.97 from $0.67 in 2Q20, beating consensus estimates of $1.61.</li>
	<li>Sales by segments:&nbsp;Asset-Based $652.83 million (+41.9% Y/Y), ArcBest $270.75 million (+78.8% Y/Y) and FleetNet $59.55 million (+28.2% Y/Y).</li>
	<li>The operating income increased by 263.8Y/Y to $74.3 million, and the margin expanded by 460 bps to 7.8%.</li>
	<li>Asset-Based reported total tonnage per day increased 22.7%, total shipments per day increased 13.5%, including a 13.7% increase in LTL-rated shipments per day and an increase of 10.8% LTL-rated weight per shipment.</li>
	<li>Total billed revenue per hundredweight increased 15.4% and reflecting the positive impact of higher fuel surcharges.&nbsp;</li>
	<li>Adjusted EBITDA increased by 95.2% Y/Y to $109.2 million, and margin expanded by300 bps to 11.5%.</li>
	<li>ArcBest generated cash from operating activities year-to-date of $145.9 million, compared to $82.07 million a year ago.</li>
	<li>Price action:&nbsp;ARCB shares are up 4.11% at $61.54 on the last check Monday.</li>
</ul>

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Asia Carbon Industries

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Latest news for Asia Carbon Industries (OTC:ACRB) Stock

Monday, November 01, 2021

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Thursday, October 17, 2019