Old Dominion Hits Double-Digit Earnings Growth for First Time In Over A Year, Shares Climb
Old Dominion Hits Double-Digit Earnings Growth for First Time In Over A Year, Shares Climb
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares are trading higher following a second-quarter 2024 results.
Old Dominion Freight Line，Inc. (纳斯达克：ODFL)股价在2024年第二季度业绩公布后有所上涨。
The company reported a revenue increase of 6.1% year over year to $1.498 billion, in line with the consensus of $1.499 billion. EPS was $1.48, above the consensus of $1.46.
公司报告称，营业收入同比增长6.1%，至14.98亿美元，与14.99亿美元的共识一致。每股收益达到1.48美元，超过了1.46美元的共识。
The revenue increase is primarily due to a 4.4% increase in LTL revenue per hundredweight and a 1.9% increase in LTL tons per day.
营业收入增长主要是由于每百重量限制货物的运输收入增加了4.4%，每天少量运输量增加了1.9%。
The increase in LTL tons per day was driven by a 3.1% rise in shipments per day, partially offset by a 1.2% decrease in weight per shipment.
少量运输量每天的增加主要是由于每天货运量增加了3.1%，部分抵消了每次货运重量下降了1.2%。
Revenue in the other services segment decreased by 10.7% year-over-year to $13.73 million for the quarter.
其他服务板块的营业收入同比下降10.7%，为1373万美元。
Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, "Old Dominion produced another quarter of profitable growth despite continued softness in the domestic economy. This was our third consecutive quarter with growth in both revenue and earnings per diluted share, and it was the first time in over a year where our earnings increased by double digits."
Old Dominion的总裁兼首席执行官Marty Freeman评论说：“尽管国内经济持续低迷，Old Dominion仍然实现了有利可图的增长。这是我们连续第三个季度在营收和每股摊薄盈利上实现增长，也是一年多以来我们的盈利率首次增长了两位数。”
Operating income increased by 7.7% YoY to $421.69 million, with an operating ratio of 71.9%, compared to 72.3% a year ago.
营业收入增长7.7%，达到42169万美元，营业比率为71.9%，较去年同期的72.3%略微下降。
Old Dominion's operating cash flow was $387.8 million for the second quarter and $811.7 million for the six months that ended in June.
Old Dominion的经营现金流二季度为38780万美元，截至6月份的六个月为81170万美元。
As of June end, the company had $74.3 million in cash and equivalents. Capital expenditures stood at $238.1 million in the second quarter.
截至6月底，公司拥有7430万美元的现金和等价物，第二季度的资本支出为23810万美元。
For the first six months of this year, Old Dominion returned capital to shareholders, spending $637.1 million on share repurchases, including a $200 million accelerated program, and paying $112.6 million in dividends.
今年前六个月，Old Dominion向股东返还了资金，包括6.371亿美元的回购股份和1.126亿美元的股息，其中包括2亿美元的加速计划。
Freeman concluded, "As a result, we believe that we are the best-positioned carrier in our industry to win market share over the long-term while also continuing to enhance shareholder value."
Freeman总结道：“因此，我们相信我们是行业内最有竞争力的运营商，可以在长期内赢得市场份额，同时继续增强股东价值。”
Price Action: ODFL shares are trading higher by 2.73% at 199.15 at the last check Wednesday.
价格走势：周三最后一次检查时，ODFL股价上涨2.73%，达到199.15美元。
Photo via Shutterstock
图片来自shutterstock。