Old Dominion Freight Line Q3: Misses On Earnings And Revenue As Economic Headwinds Weigh
Old Dominion Freight Line Q3: Misses On Earnings And Revenue As Economic Headwinds Weigh
The decline in LTL tons per day is attributed to a 3.4% drop in LTL shipments per day and a 1.4% reduction in LTL weight per shipment.Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares are trading lower following third-quarter results.
Old Dominion Freight Line，Inc.（纳斯达克：ODFL）股价在第三季度业绩公布后出现下跌。
The company reported a revenue decline of 3.0% year-over-year to $1.470 billion, missing the consensus of $1.492 billion. EPS was $1.43, missing the consensus of $1.47.
公司报告显示，营业收入同比下降3.0%，至14.7亿美元，低于14.92亿美元的共识。每股收益为1.43美元，逊于1.47美元的共识。
The revenue decrease is primarily due to a 4.8% decrease in LTL tons per day, partially offset by a 1.5% increase in LTL revenue per hundredweight.
营业收入下降主要是因为每日零担吨数减少了4.8%，部分抵消了每百磅零担收入增加了1.5%。
The decline in LTL tons per day is attributed to a 3.4% drop in LTL shipments per day and a 1.4% reduction in LTL weight per shipment.
每日零担吨数的下降归因于每日零担运输量下降了3.4%，每批零担重量减少了1.4%。
LTL revenue per hundredweight, excluding fuel surcharges, rose 4.6% in the quarter.
除燃油附加费外，每百磅零担收入在本季度上涨了4.6%。
Operating income fell 9.7% to $401.9 million, with an operating ratio of 72.7%, compared to 70.6% a year ago.
营业收入下降了9.7%，至4.01亿美元，营业比率为72.7%，相比去年的70.6%有所增加。
Old Dominion's operating cash flow was $446.5 million for the third quarter and $1.3 billion for the first nine months.
Old Dominion在第三季度的营业现金流为44650万美元，前九个月达到13亿美元。
As of September 30, the company had $74.2 million in cash and equivalents. Capital expenditures stood at $242.8 million in the third quarter.
截至9月30日，公司拥有7420万美元的现金及等价物。第三季度的资本支出为24280万美元。
For the first nine months of this year, Old Dominion returned capital to shareholders, spending $824.8 million on share repurchases, including a $200 million accelerated program, and paying $168.2 million in dividends.
在今年前九个月，旧金山货运向股东返还资本，包括在回购股份上花费82480万美元，其中包括一个20000万美元的加速计划，并支付16820万美元的股息。
Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, "Old Dominion's third quarter financial results reflect ongoing softness in the domestic economy. The challenging operating environment, and strong comparable results for the third quarter of 2023, resulted in the first year-over-year decrease in our quarterly revenue and earnings per diluted share this year."
旧金山货运的总统兼首席执行官马蒂·弗里曼评论说：“旧金山货运第三季度的财务业绩反映了国内经济持续疲软。具有挑战性的营运环境以及2023年第三季度强劲的可比财务业绩导致了我公司今年首次出现季度营收和每股摊薄收益同比下降。”
"The decrease in revenue had a deleveraging effect on many of our operating expenses, which contributed to the 110 basis point increase in our overhead costs as a percent of revenue. Direct operating costs also increased as a percent of revenue despite our team operating very efficiently during the third quarter."
“营收下降对我们的许多营业费用产生了杠杆效应，从而导致我们的营业费用占营业收入的百分比增加了110个基点。尽管我们的团队在第三季度运营非常高效，直接营运成本占营业收入的百分比也有所增加。”
Investors can gain exposure to the stock via First Trust S&P 500 Diversified Dividend Aristocrats ETF (BATS:IYT) and ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:SUPL).
投资者可以通过First Trust S&P 500 Diversified 股息贵族 ETF (BATS:IYT) 和 ProShares Trust ProShares 供应链物流 ETF (纽交所:SUPL) 来获得该股票的曝光。
Price Action: ODFL shares are down 5.79% at $187.99 premarket at the last check Wednesday.
股价表现：ODFL股票在上周三最后一次查看时预盘下跌5.79%，报187.99美元。
Photo via Shutterstock
图片来自shutterstock。
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