The company said total revenue for Q2 2024 (3 months ended June 30) rose 6.1% to $1,498,697 thousand, net income rose 10.2% to $322,045 thousand, and diluted earnings per share increased 11.3% to $1.48.

1. 01

   The company said total revenue for Q2 2024 (3 months ended June 30) rose 6.1% to $1,498,697 thousand, net income rose 10.2% to $322,045 thousand, and diluted earnings per share increased 11.3% to $1.48.

2. 02

   Old Dominion said its operating ratio improved 40 basis points to 71.9% for Q2. It cited a 4.4% increase in LTL revenue per hundredweight and a 1.9% increase in LTL tons per day as factors behind its revenue growth.

3. 03

   The company said net cash provided by operating activities was $387.8 million for Q2 and $811.7 million for the first half of the year. Capital expenditures were $238.1 million for Q2 and $357.6 million for the first half of the year. It expects full-year 2024 capital expenditures of approximately $750 million.

4. 04

   The company said it used $637.1 million of cash for its share repurchase program in the first six months of 2024, including an accelerated share repurchase agreement of $200.0 million that will expire no later than November 2024. It also said it paid $112.6 million in cash dividends over the same period. Note: the first six months are 6 months.

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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