- Old Dominion Freight Line Inc ODFL reported modest fourth-quarter revenue growth of 5.8% year over year to $1.49 billion miss the consensus of $1.50 billion.
- Earnings per share of $2.92 beat consensus of $2.68.
- Revenue growth reflected a 16.7% increase in LTL revenue per hundredweight, which more than offset the decline in LTL tonnes.
- Operating income rose 15.5% year over year to $430.23 million and margin increased 240 basis points to 28.8%.
- The operating rate for the quarter was 71.2% compared to 73.6% a year ago.
- Old Dominion’s net cash from operations for the quarter was $361.3 million. The Company had $186.3 million in cash and cash equivalents.
- Dividend: The company’s board of directors increased Q1 dividend per share by 33.3% to $0.40.
- Price promotion: ODFL shares traded 5.71% higher to $352.27 on the last check Wednesday.
- Photo via company
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