Old Dominion Q4 EPS beats expectations, announces higher dividend

Old Dominion Freight Line

04/02/2026 12:11

Overview

North American LTL carrier's Q4 revenue slightly beat analyst expectations despite a 5.7% decline

Q4 EPS beat analyst expectations, declining 11.4% yr/yr

Company announced a 3.6% increase in quarterly cash dividend to $0.29 per share

Outlook

Old Dominion expects 2026 capital expenditures to total $265 mln

Company plans $125 mln for real estate and service center expansion

Old Dominion increases quarterly cash dividend by 3.6% to $0.29 per share

Result Drivers

LTL VOLUME DECLINE - Co attributed revenue decrease to a 10.7% drop in LTL tons per day, partially offset by higher LTL revenue per hundredweight

PRICING STRATEGY - Co's disciplined, cost-based pricing approach aimed to offset cost inflation and support investments

SERVICE LEVELS - Co maintained 99% on-time service and a cargo claims ratio of 0.1%, reflecting operational efficiency

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$1.31 bln
$1.30 bln (18 Analysts)
Q4 EPS
Beat
$1.09
$1.06 (22 Analysts)
Q4 Net Income
$229.47 mln
Q4 Dividend
$0.29


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 13 "hold" and 3 "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 $167.00, about 12% below its February 3 closing price of $189.77

The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nBw1hFlK0a

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(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.)