Old Dominion Freight Line Q1 revenue rises 1.2% to $1.46 billion; EPS $1.34
Old Dominion Freight Line reported first-quarter 2024 revenue of $1.46 billion, up 1.2% from a year earlier, and diluted earnings per share of $1.34, up 3.9%. Operating ratio rose slightly to 73.5% from 73.4%, as higher depreciation offset gains in yield. Prior-period per-share data was adjusted for the company's March 2024 two-for-one stock split.
Key points
- Total revenue was $1,460.1 million versus $1,442.1 million in Q1 2023, up 1.2%.
- Net income was $292.3 million, up 2.5%; diluted weighted average shares fell 1.2% to 218.8 million.
- LTL revenue per hundredweight rose 4.1%, while LTL tons per day fell 3.2%.
- Cash and cash equivalents were $581.0 million at March 31, 2024; share repurchases totaled $85.3 million in the quarter.
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 24, 2024.
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.