- Old Dominion Freight Line (ODFL, Financial) reports Q1 2025 earnings per diluted share of $1.19, a decline of 11.2% from Q1 2024.
- ODFL returned a total of $260.6 million to shareholders through share repurchases and dividends in Q1 2025.
- Revised 2025 capital expenditure plan decreased by $125 million to approximately $450 million.
Old Dominion Freight Line, Inc. (ODFL) released its financial performance for the first quarter of 2025, highlighting a decrease in earnings per diluted share to $1.19, down from $1.34 in the same period last year, reflecting an 11.2% decline. This drop has been attributed to a softer domestic economic environment impacting revenue streams.
The company reported total revenue of $1.37 billion, which marks a 5.8% decrease from the $1.46 billion recorded in Q1 2024. Revenue from less-than-truckload (LTL) services also experienced a decrease of 5.9%, amounting to $1.36 billion. Despite these challenges, Old Dominion managed to slightly increase its LTL revenue per hundredweight, excluding fuel surcharges, by 4.1% over the previous year.
Old Dominion's operating ratio deteriorated to 75.4% in Q1 2025 from 73.5% in the previous year, with net income declining by 12.9% to $254.7 million. The decrease in LTL tons per day by 6.3%, along with a 5.0% reduction in shipments per day, played a significant role in the company's performance.
In terms of capital allocation, the company has actively returned capital to shareholders through $201.1 million in share repurchases and $59.5 million in dividends during the first quarter. Old Dominion revised its capital expenditure plan for 2025, reducing its budget by $125 million to a total of approximately $450 million, which includes investments in real estate, service center expansions, and technology improvements.
