Old Dominion Q1 revenue, profit fall less than expected

Old Dominion Freight Line

29/04/2026 12:12

Overview

U.S. LTL carrier's Q1 revenue fell 2.9% yr/yr but beat analyst expectations

Diluted EPS for Q1 declined 4.2% yr/yr but beat analyst expectations

Company repurchased $88.1 mln in shares during the quarter

Outlook

Company expects 2026 capital expenditures to total about $265 mln

Old Dominion plans $125 mln in 2026 capex for real estate and service center expansion

Company says it is positioned to capitalize on an improving demand environment

Result Drivers

LOWER VOLUMES - Co said revenue decline was mainly due to a 7.7% decrease in LTL tons per day and a 7.9% decrease in LTL shipments per day

YIELD IMPROVEMENT - LTL revenue per hundredweight, excluding fuel surcharges, rose 4.4% yr/yr, reflecting disciplined yield management

HIGHER OVERHEAD COSTS - Operating ratio increased due to higher overhead costs as a percent of revenue, mainly from deleveraging and increased general expenses

Company press release: ID:nBw5vqsk4a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.33 bln
$1.31 bln (17 Analysts)
Q1 EPS
Beat
$1.14
$1.05 (21 Analysts)
Q1 Net Income
$238.26 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 15 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the ground freight & logistics peer group is "buy."

Wall Street's median 12-month price target for Old Dominion Freight Line Inc is $209.00, about 5.8% below its April 28 closing price of $221.77

The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)