Old Dominion said revenue for Q3 2025 decreased $63.7 million (4.3%) and revenue for the first 9 months decreased $239.9 million (5.4%), citing a decrease in volumes as the primary factor. LTL tonnage per day decreased 9.0% in Q3 and 8.2% in the first 9 months.

1. 01

   Old Dominion said revenue for Q3 2025 decreased $63.7 million (4.3%) and revenue for the first 9 months decreased $239.9 million (5.4%), citing a decrease in volumes as the primary factor. LTL tonnage per day decreased 9.0% in Q3 and 8.2% in the first 9 months.

2. 02

   The company said net income and diluted earnings per share decreased 12.2% and 10.5%, respectively, for Q3 2025 as compared to the same period of the prior year, and decreased 13.9% and 12.0%, respectively, for the first 9 months as compared to the same period of the prior year. It explained that the deleveraging effect from the decrease in revenue and increases in depreciation and miscellaneous expenses led to an increase in its operating ratio.

3. 03

   Old Dominion said LTL revenue per hundredweight increased 4.7% in Q3 2025 and 3.4% in the first 9 months, partially offsetting the decrease in volumes. It explained that the ongoing execution of its long-term yield management strategy drove this increase.

4. 04

   The company estimated capital expenditures for the year ended December 31, 2025 at approximately $450 million, with approximately $210 million allocated for service center facilities, approximately $190 million allocated for tractors and trailers, and approximately $50 million allocated for technology and other assets. As of September 30, 2025, $1.67 billion remained authorized under the 2023 Repurchase Program.

Key figures

Quarter ended September 30, 2025

Revenue

$1.4B

Operating income

$361M

Net income

$271M

EPS

$1.28

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

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