Consumer Cyclical & Industrials

credit / rates affecting interest expense

“Other Earnings Items The following table summarizes other earnings items that are presented below Operating income: (in thousands) Years ended December 31, 2025 2024 2023 Interest expense, net $ 20,605 $ 12,549 $ 13,601 Other (income)/expense, net 5,079 1,721 (6,163) Income tax (benefit)/expense (4,828) 29,034 48,846 Net income/(loss) attributable to the noncontrolling interest 383 432 490 Interest Expense, net Interest expense, net increased by $8.1 million over the prior year primarily due to higher average borrowings, in part offset by $1.1 million of greater interest income earned on cash equivalents during the current year.”

AIN 10-K

input costs affecting expense

“AEC Technical and research expenses decreased by $0.2 million as compared to the three months ended June 30, 2024, due to increases in research material and labor costs, offset by allocated costs to Corporate.”

AIN 10-Q

input costs affecting revenue

“There was one less workday in 2025 versus 2024. ​ The decrease in total billed revenue per hundredweight year-over-year was driven by the shift in freight profile and lower fuel surcharge revenue associated with lower fuel prices, compared to 2024, partially offset by lower weight per shipment, which generally increases revenue per hundredweight.”

ARCB 10-K