Old Dominion Freight Line(ODFL)

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Old Dominion Freight Line(ODFL) - 2023 Q2 - Earnings Call Presentation
2023-08-11 19:13
August 2023 FORWARD-LOOKING • Time-sensitive • Container Drayage • Truckload Brokerage OD PEOPLE OD TECHNOLOGY • Approximately OD EXPEDITED HISTORY OF PROFITABLE GROWTH FOR SUCCESS SUPERIOR ◼ Long-term and consistent pricing philosophy that is fair for all customers 10 OD TECHNOLOGY CAPITAL EXPENDITURES • Capital expenditures are typically between 10% to 15% of total annual revenue Tractors and Trailers Real Estate IT Systems Other ($19.4 Billion) ($52.5 Billion) CAGR – 5.1% ODFL 2.9% Union 45.0% Non-Union ...
Old Dominion Freight Line(ODFL) - 2023 Q2 - Quarterly Report
2023-08-04 20:02
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 June 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 (State o ...
Old Dominion Freight Line(ODFL) - 2023 Q1 - Quarterly Report
2023-05-08 19:52
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, 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 (State ...
Old Dominion Freight Line(ODFL) - 2022 Q4 - Annual Report
2023-02-22 21:29
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, 2022 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 ...
Old Dominion Freight Line(ODFL) - 2022 Q3 - Quarterly Report
2022-11-03 17:53
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, 2022 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 ...
Old Dominion Freight Line(ODFL) - 2022 Q3 - Earnings Call Transcript
2022-10-26 20:49
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Drew Andersen - Senior Director, Product Management Greg Gantt - President, CEO & Director Adam Satterfield - SVP, Finance, CFO & Assistant Secretary Conference Call Participants Jack Atkins - Stephens Inc. James Monigan - Wells Fargo Securities Jordan Alliger - Goldman Sachs Scott Group - Wolfe Research Jonathan Chappell - Evercore ISI Todd Fowler - KeyBanc Capital Markets Amit M ...
Old Dominion Freight Line(ODFL) - 2022 Q2 - Quarterly Report
2022-08-03 20:16
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 June 30, 2022 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 (State o ...
Old Dominion Freight Line(ODFL) - 2022 Q2 - Earnings Call Transcript
2022-07-27 20:26
Financial Data and Key Metrics Changes - Revenue increased by 26.4% to $1.7 billion, while earnings per diluted share rose by 42.9% to $3.30 [11] - Operating ratio improved by 280 basis points to 69.5%, marking the first time the company achieved a sub-70% quarterly operating ratio [11][25] Business Line Data and Key Metrics Changes - LTL revenue per hundredweight increased by 22.6%, and LTL tons per day rose by 2.8% [22] - Revenue per day for Q2 increased by 11.4% compared to Q1 2022, with LTL tons per day up by 0.7% and LTL shipments per day up by 1.7% [23] Market Data and Key Metrics Changes - The company reported approximately 15% to 20% excess capacity within its service center network, with plans to increase this to 25% in the long term [16] - Year-to-date revenue growth through June was over $700 million, on track to exceed $1 billion for the second consecutive year [18] Company Strategy and Development Direction - The company remains committed to expanding its service center network, viewing it as essential regardless of short-term macroeconomic conditions [17] - The focus on superior service and capacity has positioned the company to capture additional market share over the next decade [12][19] Management's Comments on Operating Environment and Future Outlook - Management noted that customer relationships have strengthened due to the company's ability to help clients manage supply chain issues [15] - The company expects to maintain disciplined control over costs while pursuing yield increases to enhance profitability [26][27] Other Important Information - Cash flow from operations totaled $427.3 million for Q2, with capital expenditures at $229.4 million [28] - The effective tax rate was 26.0% for Q2, with expectations to maintain this rate for Q3 [28] Q&A Session Summary Question: Price environment and demand moderation - Management indicated that there have been no significant requests from customers for lower rates, suggesting industry discipline remains strong [33] Question: Impact of rising fuel costs - The company aims to keep fuel surcharges neutral to the bottom line, with ongoing assessments of customer profitability [35][36] Question: Shift in market share and customer engagement - The company reported that 55% to 60% of its business is industrial, with retail making up 25% to 30%, both segments performing well [41][42] Question: Future capacity growth amid economic uncertainty - Management confirmed that they will continue to invest in network expansion, viewing it as an opportunity to gain market share [47] Question: Operating ratio trends into Q3 - A typical increase of 50 basis points from Q2 to Q3 is expected, with some unique factors potentially affecting this trend [56][59] Question: Customer inventory levels and freight demand - Customers are reportedly dealing with lower inventory levels and back orders, which may sustain freight demand [73] Question: Potential for headcount adjustments - Management expressed reluctance to reduce headcount but acknowledged that natural attrition could help manage workforce levels [112] Question: Cost inflation expectations - Wage increases are expected in September, with overall inflation anticipated to remain in the 7% to 9% range [120]
Old Dominion Freight Line(ODFL) - 2022 Q1 - Quarterly Report
2022-05-04 19:37
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, 2022 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 (State ...
Old Dominion Freight Line(ODFL) - 2022 Q1 - Earnings Call Transcript
2022-04-27 21:36
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Drew Anderson - Senior Director, Product Management Greg Gantt - President and Chief Executive Officer Adam Satterfield - Senior Vice President, Finance, Chief Financial Officer and Assistant Secretary Conference Call Participants Jon Chappell - Evercore ISI Jack Atkins - Stephens Inc. Chris Wetherbee - Citi Scott Group - Wolfe Research Jordan Alliger - Goldman Sachs Todd Fowler - ...