The earnings call highlighted Old Dominion's strong operational performance and strategic investments despite facing revenue and volume declines due to economic softness. The company maintained high service quality and continued investing in network expansion, but financial metrics like revenue, earnings per share, and operating ratio experienced negative impacts.

Company Guidance

During the fourth quarter of 2024, Old Dominion Freight Line reported a revenue of $1.39 billion, a 7.3% decrease from the prior year, primarily due to an 8.2% decrease in LTL revenue per hundredweight. Despite this decline, the company maintained a consistent market share and achieved a 99% on-time service rate with a cargo claims ratio below 0.1%. The operating ratio increased by 410 basis points to 75.9%, influenced by decreased revenue, which had a deleveraging effect on operating expenses. Capital expenditures totaled $771 million for the year, supporting the expansion of the service center network, while cash flow from operations reached $1.7 billion. Looking ahead to the first quarter of 2025, Old Dominion anticipates the operating ratio to be flat to up 50 basis points compared to the fourth quarter, aided by expected improvements in insurance expense as a percentage of revenue. The company remains cautiously optimistic, poised to leverage its strategic investments and operational efficiency in anticipation of a potential uptick in demand.

Strong On-Time Service and Low Cargo Claims

Old Dominion reported a 99% on-time service rate and a cargo claims ratio below 0.1%, indicating superior operational efficiency and service quality.

Continued Investment Despite Economic Challenges

The company invested $771 million in capital expenditures in 2024, including $664 million over two years for service center network expansion, showing commitment to long-term growth.

Increased Cash Dividends

The board approved a quarterly dividend of $0.28 per share for the first quarter of 2025, a 7.7% increase compared to Q1 2024.

Improvement in Industrial Business

Fourth quarter saw industrial business outperform retail, with better revenue performance than the overall company, indicating potential recovery in industrial demand.

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ODFL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2025	2025 (Q1)	1.16 / -	1.34	―	―	―
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)	―
Apr 26, 2023	2023 (Q1)	1.35 / 1.29	1.3	-0.77% (-0.01)	―
Feb 01, 2023	2022 (Q4)	1.34 / 1.46	1.205	21.16% (+0.25)	―

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

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ODFL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2025	$183.66	$193.65	+5.44%
Oct 23, 2024	$199.31	$188.44	-5.45%
Jul 24, 2024	$193.36	$194.13	+0.40%
Apr 24, 2024	$218.40	$194.27	-11.05%

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.

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