Overview

* Old Dominion Q2 rev declines 6.1%, missing analyst expectations, per LSEG data

* EPS for Q2 falls 14.2% to $1.27, missing analyst estimates, per LSEG data

* Revenue decline due to lower LTL tons per day, offset by higher revenue per hundredweight

Outlook

* Company expects 2025 capital expenditures to total approximately $450 mln

* Old Dominion cites soft domestic economy impacting demand for services

* Company plans $210 mln for real estate and service center expansion

* Old Dominion maintains focus on yield management despite economic challenges

Result Drivers

* LTL TONNAGE DECLINE - 9.3% decrease in LTL tons per day due to lower shipments and weight per shipment

* YIELD MANAGEMENT - 5.3% increase in LTL revenue per hundredweight excluding fuel surcharges, offsetting cost inflation

* OPERATING COSTS - Increased operating ratio due to revenue decline and higher group health and dental costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $1.41 $1.42

Revenue bln bln (18

Analysts

)

Q2 EPS Miss $1.27 $1.29

(22

Analysts

)

Q2 Net $268.63

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 15 "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 ( ODFL ) is $170.00, about 4.6% above its July 29 closing price of $162.12

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release:

(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.)