Old Dominion Freight Line, Inc. (ODFL) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.Let’s delve deeper.Southward Earnings Estimate Revision:The Zacks Consensus Estimate for fourth-quarter 2024 earnings has been revised 15.6% downward over the past 90 days. For 2024, the consensus mark for earnings has moved 4.4% south in the same time frame. The bearish alterations in estimate revisions underscore a notable decline in brokers' confidence in the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ 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, 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 Nu ...

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Financial Data and Key Metrics Changes - Old Dominion's revenue for Q3 2024 was $1.47 billion, a 3.0% decrease year-over-year, with a per day decrease of 4.5% due to one extra workday [12][14] - Earnings per diluted share also declined year-over-year, reflecting continued softness in the domestic economy [6][12] - The operating ratio increased by 210 basis points to 72.7% for Q3 2024, primarily due to the deleveraging effect from decreased revenue [7][14] Business Line Data and Key Metrics Changes - LTL tons per day decreased by 4.8%, partially offset by a 1.5% increase in LTL revenue per hundredweight [12] - Average weight per shipment remained at historical lows, contributing to the overall decline in tonnage [6][12] Market Data and Key Metrics Changes - The company experienced a decrease in LTL tons per day of 3.2% and LTL shipments per day decreased by 1.0% sequentially compared to Q2 2024 [12] - For October, a projected revenue per day decrease of approximately 11.2% to 11.8% is expected compared to October 2023, with LTL tons per day expected to decrease by approximately 9.2% to 9.8% [12][13] Company Strategy and Development Direction - The company continues to focus on maintaining market share and customer retention despite economic challenges, emphasizing the quality of service as a key differentiator [7][10] - Investments in capacity and technology are ongoing to enhance the value proposition for customers, with a disciplined approach to pricing to offset cost inflation [10][11] - The company aims to be well-positioned to respond to eventual demand inflection as the economy improves [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment remains challenging, but they are confident in their ability to create additional value for shareholders through long-term growth strategies [11][48] - There is a recognition of the impact of economic uncertainty, particularly related to the upcoming elections, which may cause shippers to be conservative in their operations [48][49] Other Important Information - The company was named the number one national LTL provider for the 15th consecutive year in a recent survey, highlighting its service quality [8][9] - Cash flow from operations totaled $446.5 million for Q3 2024, with capital expenditures of $242.8 million during the same period [14][15] Q&A Session All Questions and Answers Question: Near-term tonnage decline and operating ratio outlook - Management indicated that October tonnage is expected to decline about 9.5% year-over-year, with a conservative estimate for operating ratio deterioration of 200 to 250 basis points into Q4 [17][21][22] Question: Tonnage comparisons for November and December - Management noted that October is the toughest comp, with expectations for easier comparisons in November and December [25][26] Question: Yield growth and pricing competition - Management expressed confidence in yield performance, expecting revenue per hundredweight to increase in Q4, despite potential pricing competition [31][32][36] Question: Customer base performance - Retail customers are performing better, while industrial customers are weaker; however, growth was noted in third-party logistics customers [42][43] Question: Impact of hurricanes and NMFDA changes - Revenue loss was experienced due to hurricanes, but operational recovery is underway; management is prepared for upcoming NMFDA changes [65][67] Question: Buyback strategy versus dividends - The company favors buybacks as a tax-efficient means of returning capital while still investing in growth opportunities [68][70]

Old Dominion Freight Line’s (ODFL) third-quarter 2024 earnings per share of $1.43 was in line with the Zacks Consensus Estimate but decreased 7.1% 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 in the first quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $1.47 billion fell short of the Zacks Consensus Estimate of $1.51 bil ...

For the quarter ended September 2024, Old Dominion Freight Line (ODFL) reported revenue of $1.47 billion, down 3% over the same period last year. EPS came in at $1.43, compared to $1.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.51 billion, representing a surprise of -2.80%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.43.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Old Dominion Freight Line (ODFL) came out with quarterly earnings of $1.43 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this trucking company would post earnings of $1.45 per share when it actually produced earnings of $1.48, delivering a surprise of 2.07%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Old Dominio ...

Exhibit 99.1 Contact: Adam N. Satterfield Executive Vice President and Chief Financial Officer (336) 822-5721 OLD DOMINION FREIGHT LINE REPORTS THIRD QUARTER 2024 EARNINGS PER DILUTED SHARE OF $1.43 THOMASVILLE, N.C. (October 23, 2024) – Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and nine-month periods ended September 30, 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 ...

Analysts on Wall Street project that Old Dominion Freight Line (ODFL) will announce quarterly earnings of $1.44 per share in its forthcoming report, representing a decline of 7.1% year over year. Revenues are projected to reach $1.52 billion, increasing 0.6% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 3.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections dur ...

Old Dominion Freight Line (ODFL) is scheduled to report third-quarter 2024 results on Oct. 23 before market open. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. ODFL has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 3.1%. The Zacks Consensus Estimate for third-quarter 2024 earnings has been revised 2.7% downward in the past 60 days. The estimate is currently pegged at $1.44 per share ...