ODFL Q3 EPS $3.09, revenue down 5.5%; operating ratio 70.6%

OLD DOMINION FREIGHT LINE, INC.

2023-Q3 EPS reported $8.32 revenue$4,370,602,000

Net income $339.3M, diluted EPS $3.09 vs $3.36 prior year (-8.0%).
Total revenue $1.515B, down 5.5% YoY; LTL rev per cwt ex-fuel up 8.9%.
LTL shipments per day averaged 49,670 in Q3 vs 47,077 in H1 2023; tons per day down 6.9%.
Operating ratio worsened 150 bps to 70.6% on higher overhead costs and depreciation.
FY23 capex guidance $720M; YTD share repurchases $368.1M, dividends $131.5M.

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 0.9

OLD DOMINION FREIGHT LINE, INC. reported nine-month period ended September 30, 2023 results: revenue $4,370,602, net income $916,687, EPS $8.32.

Period: nine-month period ended September 30, 2023
Revenue: $4,370,602
Net income: $916,687
EPS: $8.32
Result: reported results

Exact text from the filing

Ended Nine Months Ended September 30, September 30, (In thousands, except per share amounts) 2023 2022 % Chg. 2023 2022 % Chg. Total revenue $ 1,515,277 $ 1,603,690 (5.5)% $ 4,370,602 $ 4,768,418 (8.3)% LTL services revenue $ 1,501,266 $ 1,582,952 (5.2)% $ 4,323,453 $ 4,703,392 (8.1)% Other services revenue $ 14,011 $ 20,738 (32.4)% $ 47,149 $ 65,026 (27.5)%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLD DOMINION FREIGHT LINE, INC. reported third quarter of 2023, ended September 30, 2023 results: revenue $1,515,277, net income $339,287, EPS $3.09.

Period: third quarter of 2023, ended September 30, 2023
Revenue: $1,515,277
Net income: $339,287
EPS: $3.09
Result: reported results

Exact text from the filing

September 30, 2023. Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share amounts) 2023 2022 % Chg. 2023 2022 % Chg. Total revenue $ 1,515,277 $ 1,603,690 (5.5)% $ 4,370,602 $ 4,768,418 (8.3)% LTL services revenue $ 1,501,266 $ 1,582,952 (5.2)% $ 4,323,453 $ 4,703,392 (8.1)% Other services revenue $ 14,011 $ 20,738

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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 0000950170-23-055015

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