NASDAQ$ODFL
Old Dominion Freight Line Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Old Dominion's financial results for Q2 2022 include new company records for revenue and profitability, driven by strong demand and disciplined cost control.
Old Dominion Freight Line reported record revenue and profitability for the second quarter of 2022. Revenue increased by 26.4% due to a rise in LTL revenue per hundredweight and LTL tons per day. The operating ratio improved to 69.5%, and earnings per diluted share increased by 42.9% to $3.30.
- Revenue increased by 26.4% due to a 22.6% increase in LTL revenue per hundredweight and a 2.8% increase in LTL tons per day.
- Operating ratio improved to 69.5% due to better cost management.
- Earnings per diluted share increased by 42.9% to $3.30.
- Company expects its aggregate capital expenditures for 2022 to total approximately $835 million.
Headline financials
Revenue & EPS history
Old Dominion · Revenue · Quarterly
$1.67B
Revenue by segment
Old Dominion · $1.67B total across 2 segments · Q2 2022
- LTL services revenue$1.64B+26.5%98.6%
- Other services revenue$22.8M+16.0%1.4%
Forward guidance
Old Dominion expects to drive additional growth in earnings and shareholder value by focusing on superior service and fair pricing, investing in employees, fleet, and service center network.
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 Q2 2022
+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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