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.