ODFL Q2 revenue down 15.2% YoY; EPS $2.65 vs $3.30; new $3B buyback authorized

OLD DOMINION FREIGHT LINE, INC.

2023-Q2 EPS reported $5.23 revenue$2,855,325,000

Total revenue $1.413B (-15.2% YoY); LTL revenue per hundredweight, excl fuel, up 7.6%.
Diluted EPS $2.65 vs $3.30; operating ratio worsened to 72.3% from 69.5%.
Board approved new $3.0B share repurchase program; existing $2.0B program had $376.9M remaining.
Capex for 2023 expected ~$700M, including $365M for tractors/trailers.
Net cash from ops $703.2M in H1; returned $302.2M in buybacks and $87.8M in dividends.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OLD DOMINION FREIGHT LINE, INC. reported the three-month and six-month periods ended June 30, 2023 results: revenue $1,413,189, net income $292,362, EPS $2.65.

Period: the three-month and six-month periods ended June 30, 2023
Revenue: $1,413,189
Net income: $292,362
EPS: $2.65
Result: reported results

Exact text from the filing

periods ended June 30, 2023. Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share amounts) 2023 2022 % Chg. 2023 2022 % Chg. Total revenue $ 1,413,189 $ 1,667,448 (15.2)% $ 2,855,325 $ 3,164,728 (9.8)% LTL services revenue $ 1,397,815 $ 1,644,659 (15.0)% $ 2,822,187 $ 3,120,440 (9.6)% Other services revenue $ 15,374 $ 22,789

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14 earnings releases filed in the last 30 days. Browse all earnings releases →

OLD DOMINION FREIGHT LINE, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-034576

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