Old Dominion Q1 2026 EPS falls 4.2% to $1.14 as revenue drops 2.9%
Old Dominion Freight Line reported first quarter 2026 results, with total revenue of $1.33 billion, down 2.9% from a year earlier, and diluted earnings per share of $1.14, down 4.2%. The operating ratio rose to 76.2% from 75.4%, and management attributed the decline to lower revenue and higher overhead costs as a percent of revenue.
Key points
- Total revenue was $1,334.7 million, down 2.9% from $1,374.9 million in Q1 2025; net income was $238.3 million, down 6.4%
- Operating income was $317.3 million, down 6.1%, and the operating ratio increased 80 basis points to 76.2%
- LTL tons per day fell 7.7% while LTL revenue per hundredweight, excluding fuel surcharges, rose 4.4%
- The company used $88.1 million for share repurchases and paid $60.5 million in cash dividends in the quarter; the dividend declared was $0.29 per share
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.