Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

ODFL earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

Old Dominion Freight Line reported Q1 2026 earnings with revenue of $1.335 billion and diluted EPS of $1.14, representing a 2.9% revenue decline and a 4.2% decrease in EPS year-over-year. Despite a drop in volumes,…

Read full summary

Old Dominion Freight Line reported Q1 2026 earnings with revenue of $1.335 billion and diluted EPS of $1.14, representing a 2.9% revenue decline and a 4.2% decrease in EPS year-over-year. Despite a drop in volumes, improved LTL revenue per hundredweight and ongoing cost controls supported operational performance, although the operating ratio increased due to higher expenses.

Read the original on SEC.gov

Reported figures

Earnings per share
$1.14
Operating margin
23.8%

What stood out

  • Revenue Beat Expectations

    Revenue of $1.335 billion exceeded consensus estimates of $1.313 billion by 1.6%.

  • EPS Exceeds Forecasts

    Diluted EPS of $1.14 was above the expected $1.05, marking a surprise of 8.57%.

  • Strong Performance in Yield

    LTL revenue per hundredweight increased by 5.7% to $34.52, indicating successful yield management despite lower volumes.

  • Operating Cash Flow Strong

    Operating cash flow for the quarter was $373.634 million, up from $336.519 million year-over-year.

  • Increased Cash Reserves

    Cash and cash equivalents at end of period expanded to $288.082 million, significantly up from $120.091 million year-over-year.

  • Stock Repurchase Program Active

    Company has $1.45 billion remaining authorized under its stock repurchase program.

What to watch

  • Volume Decline Concern

    LTL tons per day decreased by 7.7% compared to Q1 2025, reflecting lower shipment volumes.

  • Higher Operating Ratio

    Operating ratio increased to 76.2%, compared to 75.4% in the previous year, indicating rising costs.

  • Rising Supply Costs

    General supplies and expenses rose by 18.0%, contributing to increased operational costs.

Management's outlook

Guidance for capital expenditures remains unchanged at approximately $265 million for 2026.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.