Old Dominion Q3 Earnings & Revenues Surpass Estimates, Down Y/Y

Core Insights - Old Dominion Freight Line (ODFL) reported strong third-quarter 2025 results, with earnings and revenues exceeding the Zacks Consensus Estimate [1][8] - Quarterly earnings per share were $1.28, surpassing the estimate of $1.22, but reflecting a 10.5% decline year over year [1][8] - Revenues totaled $1.40 billion, beating the estimate of $1.39 billion, but decreased by 4.3% year over year due to a 9% drop in LTL tons per day [2][8] Financial Performance - LTL service revenues were $1.39 billion, down 4.3% year over year, aligning with estimates [4] - Other service revenues fell 7.1% year over year to $12.17 million, below projections [4] - Total operating expenses decreased by 2.5% year over year to $1.05 billion, while operating income fell 10.2% year over year to $360.84 million [5] Operational Metrics - LTL weight per shipment decreased by 1.2%, while LTL revenue per shipment increased by 3.4% year over year [5] - LTL shipments and shipments per day both declined by 7.9% year over year [5] - LTL revenue per hundredweight, excluding fuel surcharges, grew by 4.7% year over year [2][5] Cash Flow and Capital Expenditures - ODFL generated $437.5 million in net cash from operating activities during the third quarter [7] - Capital expenditures for the quarter were $94 million, with total anticipated capital expenditures for 2025 expected to be around $450 million [7][8] - Cash and cash equivalents at the end of the quarter were $46.59 million, up from $24.05 million at the end of the previous quarter [6]