The company said total revenue for Q1 2024 (3 months) rose 1.2% to $1,460,073 thousand, while net income was $292,304 thousand and diluted earnings per share was $1.34.

1. 01

   The company said total revenue for Q1 2024 (3 months) rose 1.2% to $1,460,073 thousand, while net income was $292,304 thousand and diluted earnings per share was $1.34.

2. 02

   Old Dominion said LTL revenue per hundredweight rose 4.1% in Q1, while LTL tons per day fell 3.2%. Excluding fuel surcharges, LTL revenue per hundredweight increased 6.7%.

3. 03

   The company said its operating ratio for Q1 was 73.5%, up 10 basis points from 73.4% a year earlier. It cited a 50-basis-point increase in depreciation costs as part of the rise in overhead costs as a percentage of revenue.

4. 04

   The company said net cash provided by operating activities for Q1 2024 was $423.9 million, and capital expenditures were $119.5 million. It also said it used $85.3 million for share repurchases and $56.6 million for cash dividends to return capital to shareholders. It expects aggregate capital expenditures for 2024 to total approximately $750 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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