Old Dominion Q2 revenue rises 10%, beats estimates - ODFL News | RalliesOld Dominion Q2 revenue rises 10%, beats estimates
O
ODFL• Outlook
- Old Dominion expects 2026 capital expenditures to total about $380 mln
- Company says it has capacity to support customers as demand evolves
Overview
- US LTL carrier's Q2 revenue rose 10.4%, beating analyst expectations
- Q2 diluted EPS grew 32% and beat analyst expectations
- Company attributed results to improved demand and yield discipline
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | Beat | $1.55 bln | $1.53 bln (18 Analysts) |
| Q2 EPS | Beat | $1.68 | $1.51 (21 Analysts) |
| Q2 Net Income | | $350.60 mln | |
Result drivers
- Yield discipline - Co said 15.2% increase in LTL revenue per hundredweight, driven by yield management, was primary driver of revenue growth
- Operational efficiency - Improved operating ratio and lower direct operating costs as percent of revenue contributed to higher operating income
- - Overhead costs as percent of revenue improved in part due to $17.2 mln of net gains from disposal of property and equipment
Property disposals
