NASDAQ$ODFL
Old Dominion Freight Line Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Old Dominion's financial results reflected an increase in revenue, a company-record operating ratio, and a rise in earnings per diluted share.
Old Dominion Freight Line reported an increase in revenue and a company-record operating ratio, leading to a 24.8% increase in earnings per diluted share for Q3 2020. The company's financial results reflect the recovery in the domestic economy and the execution of its long-term strategic plan.
- Revenue increased primarily due to a 1.3% increase in LTL tons per day, partially offset by a 0.6% decrease in LTL revenue per hundredweight.
- LTL revenue per hundredweight, excluding fuel surcharges, increased 2.6% compared to Q3 2019.
- The operating ratio improved to a new quarterly company record of 74.5%.
- On-time service was 99% and the cargo claims ratio was an historic low of 0.1% during the quarter.
Headline financials
Revenue & EPS history
Old Dominion · Revenue · Quarterly
$1.06B
Revenue by segment
Old Dominion · $1.06B total across 2 segments · Q3 2020
- LTL services revenue$1.04B+0.9%98.7%
- Other services revenue$13.5M+1.2%1.3%
Forward guidance
Old Dominion believes the domestic economy will continue to improve and expects a strong finish to this year. With service and capacity advantages, combined with financial strength, the company is positioned to grow profitably and increase shareholder value.
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 Q3 2020
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro