earnings
confidence high
sentiment neutral
materiality 0.75
Old Dominion Q4 EPS $2.94, revenue flat; dividend raised 30% to $0.52
OLD DOMINION FREIGHT LINE, INC.
2023-FY EPS reported
$11.26
revenue$5,866,152,000
- Q4 net income $322.8M, diluted EPS $2.94 vs $2.92; revenue $1.496B +0.3% YoY.
- Full-year 2023 EPS $11.26, revenue $5.87B (-6.3%); operating ratio 72.0% vs 70.6%.
- Quarterly dividend increased 30% to $0.52/share; payable March 20, record March 6.
- 2024 capex guidance ~$750M: $350M real estate, $325M equipment, $75M IT/other.
- LTL tons per day fell 2.0% in Q4; shipments per day improved; on-time service 99%.