The company said its revenue for Q3 2024 decreased $45.1 million (3.0%), and its net income and diluted earnings per share fell 9.1% and 7.1%, respectively. For the 9 months to date, net income rose 0.7% and diluted earnings per share rose 2.2%.

1. 01

   The company said its revenue for Q3 2024 decreased $45.1 million (3.0%), and its net income and diluted earnings per share fell 9.1% and 7.1%, respectively. For the 9 months to date, net income rose 0.7% and diluted earnings per share rose 2.2%.

2. 02

   The company said LTL tonnage per day fell 4.8% in Q3, while LTL revenue per hundredweight rose 1.5%. Excluding fuel surcharges, LTL revenue per hundredweight increased 4.6%. For the first 9 months, tonnage decreased 2.0% and revenue per hundredweight increased 3.3%.

3. 03

   Old Dominion said salaries, wages and benefits rose $17.4 million (2.6%) in Q3, and operating supplies and expenses fell $24.5 million. The company cited lower diesel fuel costs and lower maintenance and repair costs as the reasons for the decrease.

4. 04

   Old Dominion said that as of September 30, 2024, $2.44 billion remained available under its 2023 Repurchase Program. It paid $200.0 million under the ASR Agreement and estimated 2024 capital expenditures at approximately $750 million.

Key figures

Quarter ended September 30, 2024

Revenue

$1.5B

Operating income

$402M

Net income

$309M

EPS

$1.43

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.