Quarterly ResultApr 29, 2026, 09:08 AM
ODFL Q1 Revenue -2.9% to $1.33B; EPS $1.14
AI Summary
Old Dominion Freight Line, Inc. reported Q1 2026 financial results with total revenue decreasing 2.9% to $1.33 billion and diluted earnings per share falling 4.2% to $1.14. Net income was $238.3 million, down 6.4%, and the operating ratio increased to 76.2%. Despite the year-over-year decline, the company noted encouraging trends, including improving LTL service demand and yield acceleration as the quarter progressed, while continuing to return capital to shareholders through share repurchases and dividends.
Key Highlights
- Total revenue decreased 2.9% to $1.33 billion.
- Diluted EPS fell 4.2% to $1.14.
- Net income decreased 6.4% to $238.3 million.
- Operating ratio increased 80 basis points to 76.2%.
- LTL tons per day decreased 7.7%, while LTL revenue per hundredweight (ex-fuel) rose 4.4%.
- Net cash provided by operating activities was $373.6 million.
- Utilized $88.1 million for share repurchases and paid $60.5 million in cash dividends.
- Anticipates $265 million in aggregate capital expenditures for 2026.