earnings
confidence high
sentiment negative
materiality 0.75
Old Dominion Q3 EPS $1.43, down 7.1% YoY; revenue down 3.0%
OLD DOMINION FREIGHT LINE, INC.
2024-Q3 EPS reported
$4.25
revenue$4,428,981,000
- Diluted EPS fell to $1.43 from $1.54; net income $308.6M, down 9.1%.
- Total revenue $1.470B, down 3.0%; LTL tons per day decreased 4.8%.
- Operating ratio worsened to 72.7% from 70.6%; operating income down 9.7%.
- Full-year capex guidance maintained at ~$750M; YTD share repurchases $824.8M.
- Management attributes decline to soft domestic economy; service metrics strong at 99% on-time.