Old Dominion Freight Line's Q2 Performance Exceeds Street Expectations

Loading...
Loading...
  • Old Dominion Freight Line Inc ODFL reported second-quarter revenue growth of 26.4% year-over-year to $1.67 billion, beating the consensus of $1.64 billion.
  • EPS improved by 42.9% Y/Y to $3.30, beating the consensus of $3.14.
  • Revenue growth reflects a 22.6% increase in LTL revenue per hundredweight and a 2.8% increase in LTL tons per day.
  • The operating income increased by 38.9% Y/Y to $508.71 million, and the margin expanded by 276 bps to 30.5%.
  • The operating ratio for the quarter was 69.5%, compared to 72.3% a year ago.
  • Old Dominion's net cash provided by operating activities was $427.3 million for the quarter and $816.1 million for the year's first half.
  • The company had $420.5 million in cash and cash equivalents as of June 30, 2022.
  • The company's cash utilized for shareholder return programs during 1H included $731.9 million in share repurchases and $68.0 million of cash dividends.
  • Price Action: ODFL shares traded lower by 2.13% at $267.28 on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...