Overview

* Old Dominion Q3 revenue fell 4.3% yr/yr but beat analyst expectations

* Adjusted EPS for Q3 beats consensus despite a 10.5% yr/yr decline

* Company's operating ratio increased to 74.3% due to revenue decline

Outlook

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

Result Drivers

* LTL TONNAGE DECLINE - Co attributes revenue decline to a 9.0% decrease in LTL tons per day, reflecting macroeconomic softness

* INCREASED LTL REVENUE PER HUNDREDWEIGHT - LTL revenue per hundredweight, excluding fuel surcharges, increased 4.7%

* OPERATING RATIO RISE - Operating ratio increased 160 basis points due to revenue decline's deleveraging effect on expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.40 $1.40

Revenue bln bln (18

Analysts

)

Q3 EPS Beat $1.28 $1.21

(22

Analysts

)

Q3 Net $270.94

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 14 "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 $159.50, about 14.7% above its October 28 closing price of $136.09

* The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)