Loading...
•
Mar 31, 2020
Old Dominion Q1 2020 Earnings Report
Old Dominion's first quarter results reflected solid financial performance, marked by an improved operating ratio and increased earnings per diluted share despite a slight decrease in revenue.
Key Takeaways
Old Dominion Freight Line reported a slight decrease in revenue but improved its operating ratio by 60 basis points to 81.4%. Earnings per diluted share increased to $1.11. The company's performance was impacted by the COVID-19 pandemic in the latter half of March, leading to a decline in demand.
Operating ratio improved by 60 basis points to a first-quarter record of 81.4%.
Earnings per diluted share increased to $1.11, up from $1.10 in the prior year.
Revenue decreased slightly due to a 3.9% decrease in LTL tons per day, which was partially offset by a 2.6% increase in LTL revenue per hundredweight.
The company experienced a significant increase in average weight per shipment due to changes in the domestic economy.
Revenue by Segment
Forward Guidance
The company will continue to focus on managing variable costs and controlling discretionary spending, while remaining focused on the long-term potential of the business to support customers when business levels return to normal.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...