Every material Form 8-K Old Dominion filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Director Leo H. Suggs notified Old Dominion Freight Line that he will retire from its Board of Directors at the end of his current term. He will keep serving through the 2025 Annual Meeting of Shareholders and will not stand for re-election, and the filing says the decision was not due to any disagreement with the company. For shareholders, this is a routine board transition with no change to financial results or guidance in the filing.
Leo H. Suggs notified the company of his retirement decision on December 18, 2024.
He will remain a director through the 2025 Annual Meeting of Shareholders and will not stand for re-election.
The filing states his decision was not due to any disagreement on company operations, policies or practices.
Old Dominion reported third quarter 2024 revenue of $1.47 billion, down 3.0% from a year earlier, and diluted earnings per share of $1.43, down 7.1%. The company said softness in the domestic economy and a higher operating ratio of 72.7% drove the decline, the first year-over-year quarterly decrease in revenue and earnings per share this year.
Q3 2024 revenue was $1,470.2 million, down 3.0% from $1,515.3 million in Q3 2023.
Operating ratio rose 210 basis points to 72.7%; net income fell 9.1% to $308.6 million.
Nine-month diluted EPS rose 2.2% to $4.25, and the company spent $824.8 million on share repurchases in the first nine months.
Cash and cash equivalents were $74.2 million at September 30, 2024, and 2024 capital expenditures are expected to total about $750 million.
Old Dominion Freight Line reported second-quarter 2024 results, with revenue of $1,498.7 million, up 6.1% from a year earlier, and diluted earnings per share of $1.48, up 11.3%. The operating ratio improved to 71.9% from 72.3%, and management called it the third consecutive quarter of growth in both revenue and earnings per diluted share.
Q2 2024 net income was $322.0 million, up 10.2%, and operating income was $421.7 million, up 7.7%.
First-half diluted EPS was $2.82, up 8.0%, and the company used $637.1 million for share repurchases in the first six months, including a $200.0 million accelerated share repurchase agreement that expires no later than November 2024.
The company expects 2024 capital expenditures of approximately $750 million and had $74.3 million in cash and cash equivalents at June 30, 2024.
Old Dominion Freight Line declared a quarterly cash dividend of $0.26 per share, payable June 19, 2024, which the company says is a 30% increase over the June 2023 payment after its March 2024 two-for-one stock split. The company also named Clayton G. Brinker as Vice President, Accounting and Finance and principal accounting officer, effective August 2, 2024, as Kimberly S. Maready retires, and shareholders re-elected all 12 directors at the May 15, 2024 annual meeting.
Quarterly cash dividend of $0.26 per share, payable June 19, 2024, to shareholders of record at the close of business on June 5, 2024
Company says the payment is a 30% increase over the quarterly dividend paid in June 2023, adjusted for the March 2024 two-for-one stock split
Clayton G. Brinker becomes principal accounting officer effective August 2, 2024, succeeding Kimberly S. Maready, who is retiring
At the May 15, 2024 annual meeting, all 12 directors were elected and a shareholder greenhouse gas reduction proposal was not approved (23,760,668 for, 73,487,605 against)
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.
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Old Dominion filing is on SEC EDGAR ↗. 8-K briefs of other companies →