Old Dominion reports Q1 EPS $1.34, revenue up 1.2% YoY; operating ratio ticks up to 73.5%

OLD DOMINION FREIGHT LINE, INC.

2024-Q1 EPS reported $1.34 revenue$1,460,073,000

Diluted EPS $1.34 vs $1.29 YoY (+3.9%); net income $292.3M (+2.5%).
Total revenue $1.46B (+1.2% YoY); LTL revenue per hundredweight up 4.1% but LTL tons per day down 3.2%.
Operating ratio worsened 10 bps to 73.5%, partly due to a 50-bps increase in depreciation as % of revenue.
Cash from ops $423.9M; cash and equivalents $581.0M; Q1 CapEx $119.5M; full-year CapEx guide ~$750M.
Shareholder returns: $85.3M in share repurchases and $56.6M in dividends during Q1.

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 first quarter of 2024, ended March 31, 2024 results: revenue $1,460,073, net income $292,304, EPS $1.34.

Period: first quarter of 2024, ended March 31, 2024
Revenue: $1,460,073
Net income: $292,304
EPS: $1.34
Result: reported results

Exact text from the filing

been adjusted to reflect the Company's March 2024 two-for-one stock split. Three Months Ended March 31, (In thousands, except per share amounts) 2024 2023 % Chg. Total revenue $ 1,460,073 $ 1,442,136 1.2 % LTL services revenue $ 1,446,733 $ 1,424,372 1.6 % Other services revenue $ 13,340 $ 17,764 (24.9 )% Operating income $ 386,426 $ 383,049 0.9 % Operating ratio

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Source: SEC EDGAR

accession 0000950170-24-047274

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