NASDAQ$ODFL
Old Dominion Freight Line Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Old Dominion's financial performance improved, with revenue and diluted earnings per share increasing year-over-year.
Old Dominion Freight Line reported solid financial results for Q1 2024, driven by its strategic plan focused on superior service and fair pricing. Revenue and earnings per diluted share increased despite continued softness in the domestic economy.
- Revenue increased by 1.2% year-over-year to $1.46 billion.
- Earnings per diluted share increased by 3.9% year-over-year to $1.34.
- LTL revenue per hundredweight increased by 4.1%, or 6.7% excluding fuel surcharges.
- Operating ratio increased slightly to 73.5%.
Headline financials
Revenue & EPS history
Old Dominion · Revenue · Quarterly
$1.46B
Revenue by segment
Old Dominion · $1.52B total across 2 segments · Q3 2023
- LTL services revenue$1.5B-5.2%99.1%
- Other services revenue$14M-32.4%0.9%
Forward guidance
Old Dominion anticipates improvements in overall demand and is confident in its ability to win market share and increase shareholder value.
Tailwinds
- Potential for improved demand in the domestic economy.
- Best-in-class value proposition.
- Strengthened customer relationships.
- Well-positioned to respond to a positive inflection in demand.
- Ability to win market share over the long term.
Headwinds
- Challenges from the domestic economy have persisted.
- Inflationary pressures.
- Uncertainty in the economic environment.
- Potential impacts from changes in international trade policies.
- Risks related to cyber incidents and information technology systems.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.4%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+3.7%
Avg return
30 days after
67%
46 / 69 earnings
Positive
+13.0%
Q2 2012
Best reaction
-10.3%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.0% | -13.3% | +1.5% | |
| Q4 2025 | +9.9% | +3.3% | +2.2% | |
| Q3 2025 | +0.1% | +1.0% | -0.6% | |
| Q2 2025 | +1.9% | -2.8% | +2.4% | |
| Q1 2025 | +0.8% | -2.0% | +6.2% | |
| Q4 2024 | +5.4% | +9.9% | -2.2% | |
| Q3 2024 | -3.9% | +0.7% | +10.4% | |
| Q2 2024 | +6.1% | +3.9% | +5.1% | |
| Q1 2024 | -10.3% | -16.0% | -21.1% | |
| Q4 2023 | -0.9% | +4.7% | +12.2% | |
| Q3 2023 | -4.2% | -1.8% | +4.8% | |
| Q2 2023 | +4.2% | +6.1% | +3.5% | |
| Q1 2023 | -7.7% | -6.4% | -6.9% | |
| Q4 2022 | +11.5% | +10.9% | +6.5% | |
| Q3 2022 | -3.5% | +0.2% | +7.3% | |
| Q2 2022 | +7.3% | +11.2% | +4.6% | |
| Q1 2022 | +7.4% | +2.9% | -2.9% | |
| Q4 2021 | +7.0% | -0.1% | +4.0% | |
| Q3 2021 | +2.8% | +5.9% | +8.1% | |
| Q2 2021 | +3.4% | +2.9% | +11.8% | |
| Q1 2021 | +4.5% | +4.7% | +6.6% | |
| Q4 2020 | +5.9% | +9.0% | +11.2% | |
| Q3 2020 | -5.9% | -4.1% | +2.3% | |
| Q2 2020 | +0.3% | +1.5% | +9.9% | |
| Q1 2020 | +10.4% | +12.7% | +23.8% | |
| Q4 2019 | +6.6% | +6.0% | -4.1% | |
| Q3 2019 | +2.0% | +3.4% | +3.6% | |
| Q2 2019 | +0.5% | +0.8% | -3.1% | |
| Q1 2019 | -3.2% | -6.1% | -12.9% | |
| Q4 2018 | +2.0% | +2.1% | +2.7% | |
| Q3 2018 | +0.7% | +2.2% | +4.5% | |
| Q2 2018 | -2.8% | -0.8% | -0.9% | |
| Q1 2018 | -5.5% | -7.1% | +8.7% | |
| Q4 2017 | -8.4% | -4.5% | +3.9% | |
| Q3 2017 | +11.5% | +9.1% | +10.8% | |
| Q2 2017 | -2.4% | -5.9% | -5.0% | |
| Q1 2017 | +1.6% | +1.4% | +2.2% | |
| Q4 2016 | +1.6% | +0.3% | +4.1% | |
| Q3 2016 | +2.1% | +0.3% | +20.9% | |
| Q2 2016 | +2.8% | +1.4% | +2.1% | |
| Q1 2016 | -8.4% | — | — | |
| Q4 2015 | +7.5% | — | — | |
| Q3 2015 | +2.0% | — | — | |
| Q2 2015 | +3.7% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +4.0% | — | — | |
| Q3 2014 | +2.5% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | +5.0% | — | — | |
| Q4 2013 | -0.1% | — | — | |
| Q3 2013 | -1.1% | — | — | |
| Q2 2013 | +4.3% | — | — | |
| Q1 2013 | +2.7% | — | — | |
| Q4 2012 | -4.3% | — | — | |
| Q3 2012 | +4.3% | — | — | |
| Q2 2012 | +13.0% | — | — | |
| Q1 2012 | -7.4% | — | — | |
| Q4 2011 | +3.5% | — | — | |
| Q3 2011 | -0.6% | — | — | |
| Q2 2011 | +2.2% | — | — | |
| Q1 2010 | +1.9% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q3 2009 | -2.8% | — | — | |
| Q3 2010 | -2.8% | — | — | |
| Q4 2008 | +1.4% | — | — | |
| Q4 2009 | +1.4% | — | — | |
| Q2 2010 | +1.4% | — | — | |
| Q2 2009 | +1.4% | — | — |
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