NASDAQ$ODFL

Old Dominion Freight Line Inc · Q4 2024 earnings

Q4 2024 earnings · · During market hours · Investor relations

Briefing

Old Dominion's financial performance for Q4 2024 reflected ongoing softness in the domestic economy, with revenue declining by 7.3% while maintaining market share and best-in-class service.

Old Dominion's Q4 2024 revenue decreased by 7.3% due to an 8.2% decline in LTL tons per day. The operating ratio increased to 75.9%. Despite these challenges, the company maintained an on-time service performance of 99% and a cargo claims ratio below 0.1%.

  • Revenue decreased by 7.3% due to softness in the domestic economy.
  • LTL tons per day decreased by 8.2%, reflecting declines in both shipments and weight per shipment.
  • Operating ratio increased by 410 basis points to 75.9%.
  • The company maintained a 99% on-time service performance and a cargo claims ratio below 0.1%.

Headline financials

Total Revenue

$1.39B

Previous: $1.5B-7.3%
EPS (adj)

$1.23

Previous: $1.47-16.3%
LTL revenue per hundredweight

$32.10

Previous: $32.23-0.4%
LTL shipments

2.8M

Previous: 3.0M-6.1%
LTL tons

2.1M

Previous: 2.3M-6.7%
Average length of haul

915

Previous: 925-1.1%
LTL revenue per shipment

$481.91

No prior period
LTL intercity miles

162.1M

Previous: 171.4M-5.4%
Operating ratio

75.9%

No prior period
LTL tonnage per day

34.4K

No prior period
LTL shipments per day

45.8K

No prior period
LTL weight per shipment

1.5K

No prior period
LTL rev/cwt ex-fuel

$27.52

No prior period
LTL revenue per shipment (excl. fuel)

$413.21

No prior period
Net Income

$263M

Previous: $323M-18.5%
Operating Income

$334M

Previous: $421M-20.7%

Revenue & EPS history

Old Dominion · Revenue · Quarterly

$1.39B

Q4 2024-7.3%vs Q4 2023
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Old Dominion · $1.55B total across 2 segments · Q2 2026

  • LTL services
    $1.54B
  • Other services
    $15.1M

Forward guidance

Old Dominion expects its aggregate capital expenditures for 2025 to total approximately $575 million, including planned expenditures of $300 million for real estate and service center expansion projects; $225 million for tractors and trailers; and $50 million for information technology and other assets.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
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%
Q2 2009+1.4%
Q2 2010+1.4%
Q4 2008+1.4%
Q4 2009+1.4%

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