earnings
confidence high
sentiment negative
materiality 0.70
Old Dominion Q1 EPS $2.58 (-0.8% YoY) on revenue $1.44B (-3.7%)
OLD DOMINION FREIGHT LINE, INC.
2023-Q1 EPS reported
$2.58
revenue$1,442,136,000
- Revenue $1.44B, down 3.7% YoY; net income $285M, down 4.9%.
- Operating ratio worsened to 73.4% from 72.9% a year ago.
- LTL tonnage per day fell 11.9%; LTL revenue per cwt rose 9.2% excluding fuel.
- Capex guidance maintained at ~$700M for 2023; Q1 capex $234.7M.
- Returned $185.8M to shareholders via $141.7M buybacks and $44.1M dividends.