Trucking company Old Dominion Freight Line (ODFL -2.98%) is seeing an uptick in activity, but not quite at the levels that investors had hoped. Old Dominion and other truckers have been moving in the wrong direction of late. The company's shares are down 25% from their 2024 highs due to soft demand. Shipping customers are worried about the health of the U.S. economy and are trimming inventories as a result. Is Old Dominion stock a buy? Old Dominion historically has been among the industry's top performers, ...

Old Dominion's revenue per day improved 5.6% year over year in May 2024 due to an increase in LTL revenue per hundredweight, which was partially offset by a 1.5% rise in LTL tons per day. The uplift in LTL tons per day was due to a 0.7% decrease in LTL weight per shipment, which was partially offset by a 2.3% increase in LTL shipments per day. Quarter to date, Old Dominion's LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, jumped 4.2% and 4.7%, year over year, resp ...

ODFL currently carries a Zacks Rank #3 (Hold). Old Dominion has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 2.81%. On the flip side, high capital expenditures might hurt ODFL's bottom line. For 2024, ODFL anticipates its total capital expenditures to be approximately $750 million. Of the total, $350 million is expected to be invested in real estate and service center expansion p ...

A month has gone by since the last earnings report for Old Dominion Freight Line (ODFL) . Shares have lost about 12.8% in that time frame, underperforming the S&P 500. Old Dominion Freight Line's first-quarter 2024 earnings per share of $1.34 surpassed the Zacks Consensus Estimate of $1.33 and increased 3.9% year over year. Management has stated that all per-share data, even for the prior-year period, have been adjusted to reflect the two-for-one stock split. The stock split was announced by ODFL during the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ . Commission File Number: 0-19582 (Exact name of registrant as specified in its charter) VIRGINIA 56-0751714 (State or other jurisdiction of incorpo ...

Jon Tetzlaff/iStock Editorial via Getty Images Introduction This year, it feels like I have written countless articles on my longer-term thesis, which is that "value" stocks are likely a better place than "growth" stocks. For example, in a recent article, I wrote that Antero Midstream (AM) is my favorite high-yield stock and a great way to benefit from the attractive relative valuation of value stocks. I often refer to the data from JPMorgan (JPM), which can be seen below. Value stocks are very attractive ...

Exhibit 99.1 Contact: Adam N. Satterfield Executive Vice President and Chief Financial Officer (336) 822-5721 OLD DOMINION FREIGHT LINE REPORTS FIRST QUARTER 2024 EARNINGS PER DILUTED SHARE OF $1.34 THOMASVILLE, N.C. (April 24, 2024) – Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month period ended March 31, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split. | | Thre ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________. Commission File Number: 0-19582 OLD DOMINION FREIGHT LINE, INC. (Exact name of registrant as specified in its charter) VIRGINIA 56-0751714 (Stat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ . Commission File Number: 0-19582 OLD DOMINION FREIGHT LINE, INC. (Exact name of registrant as specified in its charter) VIRGINIA 56-0751714 (St ...

Financial Performance & Market Position - ODFL's 2022 revenue was $626 billion, positioning it as the 2nd largest LTL carrier with approximately 12% market share[71] - In Q2 2023, ODFL's operating ratio decreased by 280 bps to 723%[46] - For the year-to-date 2023, diluted earnings per share decreased by 114%[46] - Revenue decreased 152% in Q2 2023[34] Strategic Investments & Capacity - Capital expenditures typically range between 10% to 15% of total annual revenue[8] - From 2013 to 2022, ODFL invested $20 billion in real estate to expand and improve its service center network[64] - Since the beginning of 2013, the company has invested $21 billion in service center additions and expansions, adding 38 service centers (a 17% increase) and increasing door count by 51%[56] Service & Operational Excellence - On-time service has improved from 94% in 2002 to 99% in 2022[56] - Cargo claims ratio has declined from 15% in 2002 to 01% in 2022[56] Market Share & Growth - The North America LTL market is valued at $525 billion, with ODFL having a CAGR of 51%[9] - ODFL's market share in various regions ranges from 115% to 151% in 2023[68]