Quarterly ResultMay 6, 2026, 04:52 PM
Old Dominion Q1 Revenue Down 2.9% to $1.33B; EPS $1.14
AI Summary
Old Dominion Freight Line reported a decrease in revenue and net income for the first quarter of 2026 compared to the prior year. Revenue from operations declined by 2.9% to $1.33 billion, while net income fell by 6.4% to $238.3 million, resulting in diluted EPS of $1.14. The company's operating ratio deteriorated to 76.2%. Despite lower volumes, LTL revenue per hundredweight increased, and demand trends showed improvement as the quarter progressed, with April 2026 revenue per day increasing by 7.6%.
Key Highlights
- Revenue from operations decreased 2.9% to $1.33 billion for Q1 2026.
- Net income fell 6.4% to $238.3 million for the first quarter.
- Diluted earnings per share decreased 4.2% to $1.14.
- Operating ratio deteriorated to 76.2% from 75.4% in Q1 2025.
- LTL tonnage per day decreased 7.7%, while LTL revenue per hundredweight increased 5.7%.
- April 2026 revenue per day increased 7.6% year-over-year.
- Declared a cash dividend of $0.29 per share, up from $0.28 in Q1 2025.
- Cash and cash equivalents increased to $288.1 million from $120.1 million at December 31, 2025.
Price Impact
More from ODFL