Quarterly ResultAug 5, 2026, 04:10 PM
Old Dominion Q2 Diluted EPS $1.68; Revenue $1.55B
AI Summary
Old Dominion Freight Line reported strong financial results for the second quarter of 2026, with diluted earnings per share increasing by 32.3% to $1.68 and revenue from operations growing by 10.4% to $1.55 billion. Net income rose 30.6% to $350.6 million, and the operating ratio improved significantly to 70.1%. Despite a 4.1% decrease in LTL tonnage per day, LTL revenue per hundredweight increased by 15.2%, indicating effective yield management. The company also declared a cash dividend of $0.29 per share and had $1.31 billion remaining under its stock repurchase program.
Key Highlights
- Diluted EPS for Q2 2026 was $1.68, a 32.3% increase from $1.27 in Q2 2025.
- Revenue from operations for Q2 2026 reached $1.55 billion, up 10.4% from $1.41 billion in Q2 2025.
- Net income for Q2 2026 was $350.6 million, a 30.6% increase compared to $268.6 million in Q2 2025.
- Operating ratio improved to 70.1% in Q2 2026 from 74.6% in Q2 2025.
- LTL tonnage per day decreased by 4.1% in Q2 2026 compared to the prior year.
- LTL revenue per hundredweight increased by 15.2% in Q2 2026.
- The company had $1.31 billion remaining authorized under its stock repurchase program as of June 30, 2026.
- A cash dividend of $0.29 per share was declared for Q2 2026.
Price Impact
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