- Old Dominion’s earnings per share (EPS) for the second quarter were $1.27, missing the estimate of $1.29 and down from $1.48 the previous year.
- Revenue for the quarter was $1.41 billion, slightly below the estimate of $1.42 billion and down 6.1% from last year.
- Operating income was $357.9 million, which was below the estimate of $362.4 million and down 15% year-over-year.
- The operating ratio increased to 74.6% from 71.9% last year, aligning closely with the estimate of 74.5%.
- Purchased transportation expenses were $28.5 million, a reduction of 11% from last year, and below the forecasted $29.4 million.
- LTL (Less-Than-Truckload) revenue per hundredweight rose to $32.84, surpassing the estimate of $32.74 with a 3.4% increase year-over-year.
- Excluding fuel surcharges, LTL revenue per hundredweight increased by 5.3% year-over-year to $28.17, slightly above the estimate of $28.14.
- LTL revenue per shipment grew by 1.2% to $485.31, exceeding the expected $481.52.
- LTL tons fell by 9.3% to 2.12 million, below the projected 2.14 million.
- There were 64 workdays in the quarter, consistent with last year’s amount and close to the estimated 64.07.
- Marty Freeman, the CEO, indicated that financial results reflect ongoing economic softness and increased depreciation expenses.
- Old Dominion achieved a 99% on-time service performance with a cargo claims ratio of 0.1%.
- Stock recommendations for Old Dominion include 7 buys, 15 holds, and 4 sells.
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Old Dominion Freight Line on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are closely watching Old Dominion Freight Line, a significant player in the transportation industry. In a recent report titled “Old Dominion Freight Line: Adaptating to Economic Indicators & Market Dynamics to Respond Swiftly To Changes In the Economy’s Pulse!”, Baptista Research highlighted Old Dominion’s first-quarter 2025 earnings, noting a mix of achievements and challenges driven by economic factors and strategic decisions. Despite a 5.8% year-over-year revenue decline, attributed partly to lower less-than-truckload (LTL) tons per day, the company managed a 2.2% increase in LTL revenue per hundredweight.
Furthermore, in another report called “Old Dominion Freight: Inside the LTL Leader’s Plan to Maintain Its Competitive Edge!“, Baptista Research commended Old Dominion Freight Line for its operational discipline and superior customer service in the face of declining revenue. This analysis of the fourth quarter and full-year 2024 financial results gives investors insight into the company’s performance and future potential. The reports on Smartkarma provide investors with valuable perspectives on Old Dominion Freight Line‘s position in the market and the strategies being implemented to navigate challenges and maintain competitiveness.
A look at Old Dominion Freight Line Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Old Dominion Freight Line, Inc., a prominent inter-regional and multi-regional motor carrier, has been deemed to have a cautiously optimistic long-term outlook based on the Smartkarma Smart Scores. With a score of 4 in Resilience, the company demonstrates a strong ability to weather economic uncertainties and market fluctuations. Coupled with a Growth score of 3, indicating promising future expansion potential, Old Dominion Freight Line seems well-positioned for sustained development.
Although the scores for Value and Dividend stand at 2 each, suggesting moderate performance in these areas, the company’s momentum score of 3 signifies a steady pace of growth and market traction. Overall, Old Dominion Freight Line appears to hold a solid foundation with room for growth and resilience in the face of challenges, making it a contender for long-term investment opportunities in the transportation sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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