Public Companies Archive

Dillard's 1Q Profit Down 5 Percent, Revenue Flat

by Lance Turner 5/15/2014 03:36 pm

Dillard's Inc. of Little Rock on Thursday reported first-quarter profit of $111.7 million, down about 5 percent from the $117.2 million it reported in the same quarter last year.

Dillard's Shares Break Record Again

by Mark Friedman 5/14/2014 10:48 am

Dillard's Inc. of Little Rock smashed its own all-time record on Tuesday when its share price closed at $100.19, up 1.58 percent from Monday's close.

Wal-Mart's March into Financial Services Unsettling to Some

by Mark Friedman 5/12/2014 12:00 am

When Wal-Mart Stores Inc. abandoned its plans to own a bank operation in 2007, it didn't shelve the idea of offering financial services. Last month, the Bentonville retailer unveiled its latest entry into the financial services arena by offering customers a cheaper way to transfer money to any of its 4,200 Wal-Mart stores in the United States.

Talk Radio on Hold Against Low Ratings, Changing Audience

by Luke Jones 5/12/2014 12:00 am

Talk radio, long a bastion of charismatic, conservative show hosts, may be reaching a turning point as ratings fall and audiences change.

Big Changes to Arkansas' Bank Landscape in Past Year

by Gwen Moritz 5/12/2014 12:00 am

At this point in 2013, Simmons First National Corp. of Pine Bluff was a $3.5 billion holding company with eight subsidiary bank charters and little name recognition outside Arkansas. But by the end of 2014, Simmons' corporate assets will have nearly doubled, making it the third-largest banking concern headquartered in Arkansas as ranked by assets.

Rebranding Advertises a New 'ArcBest'

by Marty Cook 5/12/2014 12:00 am

The company formerly known as Arkansas Best Corp. became ArcBest Corp. on May 1. The name change — officially a rebranding — was companywide as email addresses, the website and headquarter marquees were among the makeovers.

Bank of the Ozark's $216M Acquisition Nears Its Summit

by George Waldon 5/12/2014 12:00 am

The pending acquisition of Summit Bancorp Inc. of Arkadelphia by Bank of the Ozarks Inc. of Little Rock is heading into the station. Since the Jan. 30 announcement, the approval process has moved at a rapid clip.

Finding Truck Drivers Remains a Tough Job

by Marty Cook 5/12/2014 12:00 am

Driver recruiting and retention — we'll lump them together as one entity — is one of the biggest challenges facing the industry. Recent federal regulations with strict guidelines regarding drive and break times only complicate trucking companies' ability to attract and keep drivers, officials said.

Summit's CEO Ross Whipple To Plant Big Stake in Bank of the Ozarks After Merger

by Arkansas Business Staff 5/12/2014 12:00 am

When the acquisition of Summit Bancorp is completed later this month, Ross Whipple also will become one of the largest shareholders at Bank of the Ozarks Inc. of Little Rock.

Windstream 1Q Profit, Revenue Down From Last Year

by Luke Jones 5/8/2014 09:15 am

Windstream Holdings Inc. of Little Rock on Thursday reported a 69 percent decline in first-quarter profit and 2 percent drop in revenue.

Cash Flow Adequate for Dividend, Windstream CEO Says

by Gwen Moritz 5/7/2014 04:10 pm

Windstream Holdings Inc. still has sustainable free cash flow to support its investor-attracting $1 annual dividend, shareholders were assured during the Little Rock telecom's annual meeting on Wednesday.

Murphy USA Announces Share Repurchase Plan at Annual Meeting

by Luke Jones 5/7/2014 04:00 pm

Murphy USA Inc., the retail gas station spinoff of Murphy Oil Corp. of El Dorado, holds its first shareholders' meeting and announces a $50 million share repurchase program. Also, CEO Andrew Clyde details some of the fuel retailer's strategy for the coming year, noting that the company is in a highly competitive and volatile market.

At 28 Percent Stake, Combined Shareholders 'Not Takeover People,' USA Truck CFO Says

by Marty Cook 5/7/2014 03:15 pm

The CFO of USA Truck Inc. says that a pair of hedge funds combining forces to represent 28 percent of the trucking firm's shares does not a pose another takeover threat.

Simmons First Grabs Another One: First State Bank of Union City, Tennessee

by Gwen Moritz 5/6/2014 03:58 pm

Simmons First National Corp. of Pine Bluff is continuing its shopping spree by announcing a $243.4 million deal to buy Community First Bancshares Inc. of Union City, Tennessee, and its $1.9 billion subsidiary bank, First State Bank.

Murphy USA Income Down in 1Q

by Luke Jones 5/5/2014 04:31 pm

Murphy USA Inc. of El Dorado had income of $9.6 million for its first quarter of 2014, down from $22 million in the same quarter of 2013.

Tyson Foods' 2Q Profit Up 124 Percent, A Record

by Lance Turner 5/5/2014 07:17 am

Tyson Foods Inc. of Springdale on reports record second-quarter profit, which rose 124 percent to $213 million from the same time last year.

P.A.M. Transportation Plans Expansion in North Little Rock

by Arkansas Business Staff 5/5/2014 12:00 am

Allen West, the company's chief financial officer, said the property at 1401 McNeil Drive is basically a mechanics shop and a waiting room, but the company wants to add amenities to make it more driver-friendly.

Newly Named ArcBest Narrows Loss, Posts 11 Percent Revenue Rise

by Lance Turner and Marty Cook 5/1/2014 03:18 pm

ArcBest Corp. of Fort Smith, formerly Arkansas Best Corp., narrowed its first-quarter loss and reported an 11 percent rise in quarterly revenue, even as it was hit with harsh winter eather and charges related to a pension settlement.

Murphy Oil Corp. 1Q Profit Falls

by Luke Jones 4/30/2014 04:15 pm

Income from Murphy Oil Corp.'s slimmed down operations dropped to $169.3 million in the first quarter, down about 7 percent from a year earlier when the company's retail spinoff and a problematic refirnery in the U.K. are excluded.

Arkansas Best Corp. Changing Its Name to ArcBest Corp.

by Marty Cook 4/30/2014 03:28 pm

Publicly traded Arkansas Best Corp. of Fort Smith said Wednesday that it is changing its name to ArcBest Corp. and adopting a new Nasdaq stock trading symbol, "ARCB." The company, which will report first-quarter earnings on Thursday, also unveiled a new logo system as it "strengthens its identity as a holistic provider of transportation and logistics solutions for a wide variety of customers."