Old Dominion Freight Line Q1 2025 Earnings Summary

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) reported first quarter 2025 financial results reflecting ongoing economic softness, with a decline in volumes and revenue but continued operational discipline.

Key Financials:
- Revenue: $1.375 billion, down 5.8% year-over-year
- Net income: $254.7 million, down 12.9%
- Diluted EPS: $1.19, down from $1.34
- Operating income: $338.1 million, down 12.5%
- Operating ratio: 75.4%, up from 73.5%
- Net cash from operations: $336.5 million
- Capital expenditures: $88.1 million
- Cash and cash equivalents: $97.2 million
- Share repurchases: $201.1 million
- Dividends paid: $59.5 million

Operational Trends:
- LTL tons per day down 6.3%
- LTL shipments per day down 5.0%
- LTL revenue per hundredweight increased 2.2% (4.1% excluding fuel surcharges)
- On-time service remained at 99% with a cargo claims ratio below 0.1%

Strategic and Capital Updates:
- FY2025 capital expenditure forecast reduced to $450 million
- Expenditures include $210 million for real estate and service center expansion, $190 million for equipment, and $50 million for IT
- The company remains focused on its long-term strategy, emphasizing service quality, yield discipline, and market share gains despite current economic headwinds

President and CEO Marty Freeman noted that while demand showed some improvement in Q1, economic uncertainty remains. Nonetheless, Old Dominion continues to invest in its network and maintain a disciplined approach to service and cost control to position for long-term growth and shareholder value.

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2025 financial results before opening of trading on Wednesday, April 23, 2025. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, April 23, 2025.

Old Dominion Freight Line, Inc. reported that its February 2025 revenue per day decreased by 5.0% compared to February 2024, primarily due to a 7.1% decline in less-than-truckload (LTL) tons per day. This drop resulted from a 5.9% decrease in LTL shipments per day and a 1.3% decline in LTL weight per shipment. However, LTL revenue per hundredweight increased by 2.6%, and by 4.3% when excluding fuel surcharges.

CEO Marty Freeman attributed the revenue decline to economic softness and lower fuel prices but expressed optimism about demand for the company's services. He reaffirmed Old Dominion’s commitment to providing high-quality service and managing business growth effectively.

The company cautioned that forward-looking statements involve risks such as economic downturns, fuel price fluctuations, labor costs, and regulatory changes. It remains focused on long-term profitable revenue growth and shareholder value. Old Dominion continues to operate as one of North America’s largest less-than-truckload carriers, offering regional and national services through a non-unionized network.

Old Dominion Freight Line Reports Fourth Quarter 2024 Earnings and Announces Dividend Increase

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) reported its financial results for the fourth quarter and full year of 2024, with a 7.3% decrease in quarterly revenue to $1.39 billion. Net income for the quarter was $263.1 million, down 18.5% from the same period in 2023, and diluted earnings per share dropped 16.3% to $1.23. The company attributed the decline primarily to an 8.2% decrease in LTL tons per day.

Despite the revenue drop, the company maintained strong service performance with a 99% on-time delivery rate and a cargo claims ratio below 0.1%. Operating income for the quarter also declined by 20.7%, and the operating ratio worsened to 75.9% due to the revenue drop.

Old Dominion generated $401.1 million in net cash from operating activities during the quarter and announced plans for capital expenditures in 2025 totaling $575 million.

In a positive development for shareholders, the company declared a 7.7% increase in its quarterly dividend, raising it to $0.28 per share, payable on March 19, 2025. This increase follows the company's March 2024 two-for-one stock split.