Old Dominion Freight Line, Inc. (NASDAQ:ODFL) stock rose Wednesday after the company reported fourth-quarter 2025 results.

Details

Revenue fell 5.7% year over year (Y/Y) to $1.307 billion, beating expectations of $1.298 billion. The decline was primarily due to a 10.7% Y/Y drop in LTL tons per day.

LTL tons per day fell due to a 9.7% Y/Y decrease in shipments per day and a 1.0% Y/Y decline in weight per shipment, partially offset by an increase of 4.9% in LTL revenue per hundredweight, excluding fuel surcharges.

Operating income dropped 8.9% Y/Y to $304.25 million, and the company’s operating ratio was 76.7%, up from 75.9% a year ago.

Net income for the quarter declined 12.8% Y/Y to $229.5 million.

The company posted earnings of $1.09 per share, down 11.4% Y/Y but above the Street estimate of $1.06.

Other Key Metrics

Old Dominion’s operating cash flow stood at $310.2 million for the quarter and $1.4 billion for the year.

Capital expenditures were $45.7 million in the quarter and $415.0 million in the year.

The company also returned capital to shareholders, repurchasing $730.3 million in stock and paying $235.6 million in dividends during the year..

Marty Freeman, CEO of Old Dominion, commented, “Old Dominion’s fourth quarter financial results reflect our ongoing commitment to revenue quality and cost discipline in what remains a challenging operating environment.”

Dividend

The company’s board has declared a first-quarter cash dividend of 29 cents per share, payable on March 18, 2026, to shareholders of record at the close of business on March 4, 2026. This dividend represents a 3.6% increase compared to the quarterly cash dividend paid in the first quarter of 2025.

Outlook

For fiscal 2026, the company expects aggregate capital expenditures of around $265 million.

Price Action: ODFL shares are trading higher by 0.64% at $190.99 premarket at the last check on Wednesday.

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