The earnings call reflects a challenging economic environment with revenue declines and increased operating ratios. However, Old Dominion has managed to maintain strong service performance and shipment efficiency while controlling costs effectively. The reduced capital expenditure indicates cautiousness due to ongoing economic uncertainties.

Company Guidance

During the Old Dominion Freight Line First Quarter 2025 Earnings Call, the company provided guidance reflecting a challenging operating environment due to continued softness in the domestic economy. Revenue for the first quarter totaled $1.37 billion, a 5.8% decrease from the prior year, driven by a 6.3% decrease in less-than-truckload (LTL) tons per day, partially offset by a 2.2% increase in LTL revenue per hundredweight. The company maintained a strong operating ratio of 75.4%, although this marked an increase of 190 basis points year-over-year due to revenue headwinds affecting operating expenses. Old Dominion continues to focus on maximizing operating efficiencies, reducing discretionary spending, and maintaining their 99% on-time service performance and cargo claims ratio below 0.1%. Looking forward, the company expects their capital expenditures for 2025 to total approximately $450 million, a $125 million reduction from initial plans, reflecting a strategic deferment of certain projects and a reduction in new equipment purchases. Despite these challenges, Old Dominion remains committed to executing its long-term strategic plan, maintaining a disciplined approach to yield management, and leveraging their unmatched value proposition to win market share over the long term. The company also highlighted their expectation for a 5% to 5.5% increase in revenue per hundredweight, excluding fuel, for the second quarter.

Controlled Operating Costs

Despite revenue declines, Old Dominion maintained its operating ratio at 75.4% with increased focus on operating efficiencies and reducing discretionary spending.

Improvement in Shipment Efficiency

Old Dominion improved platform shipments per hour and P&D shipments per hour despite a 5% decline in LTL shipments per day.

High Service Performance

Old Dominion achieved a 99% on-time service performance and maintained a cargo claims ratio below 0.1%.

Strong Cash Flow and Share Repurchases

Old Dominion generated $336.5 million in cash flow from operations and repurchased $201.1 million worth of shares in the first quarter.

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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
Jul 23, 2025	2025 (Q2)	1.31 / -	1.48	―	―	―
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)	―
Apr 26, 2023	2023 (Q1)	1.35 / 1.29	1.3	-0.77% (-0.01)	―

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
Apr 23, 2025	$152.07	$153.23	+0.76%
Feb 05, 2025	$183.37	$193.34	+5.44%
Oct 23, 2024	$198.99	$188.14	-5.45%
Jul 24, 2024	$193.05	$193.82	+0.40%

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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