Old Dominion said revenue for 2024 decreased $51.3 million, or 0.9%, compared to 2023. The company said LTL tonnage per day decreased 3.6% and LTL revenue per hundredweight increased 2.4%.

1. 01

   Old Dominion said revenue for 2024 decreased $51.3 million, or 0.9%, compared to 2023. The company said LTL tonnage per day decreased 3.6% and LTL revenue per hundredweight increased 2.4%.

2. 02

   Old Dominion said net income and diluted earnings per share for 2024 decreased 4.3% and 2.7%, respectively, compared to 2023. The company said the increase in costs and the deleveraging effect from the decrease in revenue led to an increase in its operating ratio.

3. 03

   Old Dominion said it estimates capital expenditures of approximately $575 million for the year ending December 31, 2025. Of this amount, approximately $300 million is allocated for service center facilities, approximately $225 million for tractors and trailers, and approximately $50 million for technology and other assets.

4. 04

   Old Dominion said it paid $200.0 million under an accelerated share repurchase agreement entered into on May 28, 2024 and repurchased a total of 1,056,213 shares. The company said at December 31, 2024 it had $2.26 billion remaining authorized under the 2023 Repurchase Program.

Key figures

Fiscal year ended December 31, 2024

Revenue

$5.8B

Operating income

$1.5B

Net income

$1.2B

EPS

$5.48

Operating cash flow

$1.7B

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.