Quarterly ResultJul 29, 2026, 09:21 AM
Old Dominion Q2 EPS $1.68, Revenue $1.55B, Operating Ratio 70.1%
AI Summary
Old Dominion Freight Line reported strong financial results for the second quarter of 2026, with diluted earnings per share increasing 32.3% to $1.68 and total revenue growing 10.4% to $1.55 billion. The company's operating ratio improved significantly to 70.1%, reflecting efficient operations and disciplined yield management. Despite a 4.1% decrease in LTL tons per day, LTL revenue per hundredweight rose by 15.2%, contributing to the robust performance. Old Dominion also continued its capital return program, repurchasing $239.7 million in shares and paying $120.7 million in dividends during the first half of the year.
Key Highlights
- Q2 2026 diluted EPS was $1.68, a 32.3% increase from $1.27 in Q2 2025.
- Total revenue for Q2 2026 reached $1.55 billion, up 10.4% from $1.41 billion in Q2 2025.
- Operating income for Q2 2026 increased 30.0% to $465.3 million.
- The operating ratio improved to 70.1% in Q2 2026 from 74.6% in Q2 2025.
- LTL revenue per hundredweight grew by 15.2%, while LTL tons per day decreased by 4.1%.
- Net cash provided by operating activities was $272.7 million for Q2 2026.
- The company returned $239.7 million through share repurchases and paid $120.7 million in dividends in H1 2026.
- Expected aggregate capital expenditures for 2026 total approximately $380 million.
Price Impact
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