Old Dominion Q4 2022 Earnings Report
Key Takeaways
Old Dominion Freight Line reported a 5.8% increase in total revenue for Q4 2022, reaching $1.49 billion. The operating ratio improved to 71.2%, and diluted earnings per share rose to $2.92, a 21.2% increase year-over-year. The company's focus on service and pricing initiatives contributed to the strong results.
Total revenue increased by 5.8% to $1.49 billion.
LTL revenue per hundredweight increased by 16.7%, offsetting a decrease in LTL tons.
The operating ratio improved by 240 basis points to 71.2%.
Net cash provided by operating activities was $361.3 million.
Old Dominion
Old Dominion
Old Dominion Revenue by Segment
Forward Guidance
Old Dominion expects its aggregate capital expenditures for 2023 to total approximately $800 million, including planned expenditures of $300 million for real estate and service center expansion projects; $400 million for tractors and trailers; and $100 million for information technology and other assets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income