The earnings call reflects a mixed sentiment with notable achievements in yield improvement and operational efficiency. However, these are offset by significant declines in revenue and volume, along with increased operational costs. The company remains optimistic about future demand improvements but faces current economic challenges.

Company Guidance

During the Old Dominion Freight Line Second Quarter 2025 Earnings Conference Call, management provided guidance reflecting the continued softness in the domestic economy, which resulted in a 6.1% decrease in revenue from the prior year to $1.41 billion. Despite the revenue decline, the company achieved a 3.4% increase in LTL revenue per hundredweight. The operating ratio increased by 270 basis points to 74.6%, largely due to deleveraging effects from the revenue drop. Direct operating costs rose, driven by higher group health and dental plan expenses, while overhead costs increased by 160 basis points, with depreciation and miscellaneous expenses contributing. Cash flow from operations amounted to $285.9 million for the quarter, while capital expenditures totaled $187.2 million. The company repurchased $223.5 million in shares and paid $59.0 million in cash dividends. Moving forward, Old Dominion expects challenges with their operating ratio if revenue remains flat, projecting a potential increase of 80 to 120 basis points for the third quarter. The company remains optimistic about leveraging its investments and maintaining strong service levels, with a 99% on-time performance and a cargo claims ratio of 0.1% in the second quarter.

Improved Yield and Pricing Strategy

Despite a decrease in revenue due to lower volumes, Old Dominion improved its yields with a 3.4% increase in LTL revenue per hundredweight, demonstrating effective pricing strategy.

Operational Efficiency and Service Quality

Old Dominion maintained a 99% on-time performance and a cargo claims ratio of 0.1%, highlighting their commitment to service excellence and operational efficiency.

Strong Cash Flow and Capital Management

The company reported cash flow from operations of $285.9 million for the second quarter and $622.4 million for the first six months of 2025, with significant investments in capital expenditures and share repurchases.

Old Dominion Freight (ODFL) Earnings, Revenues Date & History

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ODFL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	1.24 / -	1.43	―	―	―
Jul 30, 2025	2025 (Q2)	1.28 / 1.27	1.48	-14.19% (-0.21)	―
Apr 23, 2025	2025 (Q1)	1.14 / 1.19	1.34	-11.19% (-0.15)	―
Feb 05, 2025	2024 (Q4)	1.16 / 1.23	1.47	-16.33% (-0.24)	―
Oct 23, 2024	2024 (Q3)	1.42 / 1.43	1.545	-7.44% (-0.11)	―
Jul 24, 2024	2024 (Q2)	1.45 / 1.48	1.325	11.70% (+0.16)	―
Apr 24, 2024	2024 (Q1)	1.34 / 1.34	1.29	3.88% (+0.05)	―
Jan 31, 2024	2023 (Q4)	1.42 / 1.47	1.46	0.68% (+0.01)	―
Oct 25, 2023	2023 (Q3)	1.46 / 1.54	1.68	-8.04% (-0.14)	―
Jul 26, 2023	2023 (Q2)	1.31 / 1.32	1.65	-19.70% (-0.32)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ODFL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$162.12	$146.46	-9.66%
Apr 23, 2025	$151.81	$152.97	+0.76%
Feb 05, 2025	$183.05	$193.01	+5.44%
Oct 23, 2024	$198.65	$187.82	-5.45%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.