Old Dominion Q2 2022 Earnings Report
Key Takeaways
Old Dominion Freight Line reported record revenue and profitability for the second quarter of 2022. Revenue increased by 26.4% due to a rise in LTL revenue per hundredweight and LTL tons per day. The operating ratio improved to 69.5%, and earnings per diluted share increased by 42.9% to $3.30.
Revenue increased by 26.4% due to a 22.6% increase in LTL revenue per hundredweight and a 2.8% increase in LTL tons per day.
Operating ratio improved to 69.5% due to better cost management.
Earnings per diluted share increased by 42.9% to $3.30.
Company expects its aggregate capital expenditures for 2022 to total approximately $835 million.
Old Dominion
Old Dominion
Old Dominion Revenue by Segment
Forward Guidance
Old Dominion expects to drive additional growth in earnings and shareholder value by focusing on superior service and fair pricing, investing in employees, fleet, and service center network.
Revenue & Expenses
Visualization of income flow from segment revenue to net income