Old Dominion Freight Line(US:ODFL) ZACKSยท2025-07-30 18:11Core Insights - Old Dominion Freight Line, Inc. (ODFL) reported disappointing second-quarter 2025 results, with earnings and revenues missing the Zacks Consensus Estimate and declining year-over-year [1][3] - Quarterly earnings per share were $1.27, missing the estimate of $1.29 and down 14.2% year-over-year, while revenues were $1.41 billion, below the estimate of $1.42 billion and down 6.1% year-over-year [1][9] Revenue Performance - The decline in ODFL's second-quarter revenues was primarily due to a 9.3% decrease in LTL tons per day, which was partially offset by a 5.3% increase in LTL revenue per hundredweight [2][5] - LTL revenues amounted to $1.39 billion, down 6.1% year-over-year, and revenues from other services fell 8.1% to $12.61 million [5][6] Operational Metrics - LTL shipments per day decreased by 7.3%, and LTL weight per shipment dipped by 2.1%, while LTL revenue per shipment increased by 1.2% year-over-year [6] - Total operating expenses declined by 2.5% year-over-year to $1.05 billion, with operating income decreasing by 15.1% to $357.89 million [6] Financial Position - At the end of the second quarter, ODFL had cash and cash equivalents of $24.05 million, down from $97.19 million at the end of the previous quarter, and long-term debt increased to $149.99 million from $39.99 million [7] - ODFL generated $285.9 million in net cash from operating activities during the quarter, with capital expenditures of $187.2 million [8] Strategic Outlook - The company anticipates total capital expenditures for 2025 to be around $450 million, including $210 million for real estate and service center expansions, $190 million for tractors and trailers, and $50 million for IT and other assets [8][9] - CEO Marty Freeman noted that the financial results reflect ongoing softness in the domestic economy but emphasized the company's commitment to providing superior service and maintaining market share [4]