NASDAQ$ODFL
Old Dominion Freight Line Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Old Dominion's Q4 2019 financial performance reflected a focus on revenue quality and cost control amidst a challenging operating environment, marked by a decrease in revenue and tonnage, but with improved yield and stabilizing volumes.
Old Dominion Freight Line reported a decrease in revenue for the second straight quarter due to a sluggish industrial economy. Despite a decline in LTL tons, the company saw an increase in LTL revenue per hundredweight. The operating ratio increased due to higher fringe benefit costs, including phantom stock expense.
- Revenue decreased year-over-year due to a sluggish industrial economy.
- LTL tons declined, but yield continued to improve and volumes began to stabilize.
- LTL revenue per hundredweight increased, reflecting price discipline and market share maintenance.
- Operating ratio increased due to higher fringe benefit costs, including phantom stock expense.
Headline financials
Revenue & EPS history
Old Dominion · Revenue · Quarterly
$1.01B
Revenue by segment
Old Dominion · $1.01B total across 2 segments · Q4 2019
- LTL services revenue$997M-1.4%98.8%
- Other services revenue$12.6M-19.6%1.2%
Forward guidance
Old Dominion expects to continue executing its strategic plan, focusing on superior service and investing in its service center network, technology, and employees to achieve long-term profitable growth and deliver greater value to shareholders.
Tailwinds
- Continued execution of strategic plan
- Focus on delivering superior service at a fair price
- Investment in service center network
- Investment in technology
- Investment in OD Family of employees
Headwinds
- Competitive environment with respect to industry capacity and pricing
- Economic factors such as recessions and global uncertainty
- Changes in relationships with significant customers
- Increases in driver and maintenance technician compensation
- Costs and potential liabilities related to compliance with governmental laws and regulations
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 Q4 2019
+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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