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Jun 30, 2024
Old Dominion Q2 2024 Earnings Report
Old Dominion's Q2 2024 performance reflected profitable growth driven by strong execution and yield management.
Key Takeaways
Old Dominion Freight Line reported a 6.1% increase in total revenue and an 11.3% increase in earnings per diluted share to $1.48 for the second quarter of 2024. The company's operating ratio improved to 71.9%, driven by quality revenue growth and operational efficiencies.
Revenue grew by 6.1% due to increases in LTL revenue per hundredweight and LTL tons per day.
Earnings per diluted share increased by 11.3% to $1.48.
Operating ratio improved by 40 basis points to 71.9%.
The company continues to execute its long-term strategic plan focused on superior service and fair pricing.
Revenue by Segment
Forward Guidance
Old Dominion expects to continue executing its long-term strategic plan, focusing on delivering superior service at a fair price to win market share and enhance shareholder value.
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
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