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Old Dominion Q3 revenue beats on yield management

By Reuters News


Overview

  • US LTL carrier's Q3 revenue rose 13% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 increased 29% and beat analyst expectations

  • Revenue growth driven by higher LTL revenue per hundredweight, offset by lower LTL tons per day


Outlook

  • Company expects 2026 capital expenditures to total about $380 mln

  • Company says investments provide flexibility to respond to changing demand conditions

  • Company says it is focused on winning profitable market share over the long term


Result Drivers

  • YIELD MANAGEMENT - Co said revenue growth was mainly driven by higher LTL revenue per hundredweight, reflecting disciplined yield management

  • SHIPMENT MIX - Co said lower LTL shipments per day were partially offset by higher LTL weight per shipment

  • COST CONTROL - Co said improved operating ratio was driven by lower salaries, wages and benefits as a percentage of revenue and reduced overhead costs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.59 bln

$1.56 bln (19 Analysts)

Q3 EPS

Beat

$1.65

$1.62 (22 Analysts)

Q3 Net Income

$343.75 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 15 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the ground freight & logistics peer group is "buy"

  • Wall Street's median 12-month price target for Old Dominion Freight Line, Inc. is $229.50, about 22.7% above its October 27 closing price of $187.03

  • The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 37 three months ago


Reuters Recommended Reads

  • Oct 27 - Logistics firm Landstar System's Q3 revenue rises 25%, beats estimates

  • Oct 27 - Werner Enterprises Q3 revenue misses estimates as higher fuel costs weigh on margins

  • Oct 27 - UPS Q3 revenue rises 6.7%, lifts 2026 outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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