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. (納斯達克：ODFL)股價在2024年第二季度業績公佈後有所上漲。
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.
公司報告稱，營業收入同比增長6.1%，至14.98億美元，與14.99億美元的共識一致。每股收益達到1.48美元，超過了1.46美元的共識。
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.
營業收入增長主要是由於每百重量限制貨物的運輸收入增加了4.4%，每天少量運輸量增加了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.
少量運輸量每天的增加主要是由於每天貨運量增加了3.1%，部分抵消了每次貨運重量下降了1.2%。
Revenue in the other services segment decreased by 10.7% year-over-year to $13.73 million for the quarter.
其他服務板塊的營業收入同比下降10.7%，爲1373萬美元。
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的總裁兼首席執行官Marty Freeman評論說：“儘管國內經濟持續低迷，Old Dominion仍然實現了有利可圖的增長。這是我們連續第三個季度在營收和每股攤薄盈利上實現增長，也是一年多以來我們的盈利率首次增長了兩位數。”
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.
營業收入增長7.7%，達到42169萬美元，營業比率爲71.9%，較去年同期的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的經營現金流二季度爲38780萬美元，截至6月份的六個月爲81170萬美元。
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，公司擁有7430萬美元的現金和等價物，第二季度的資本支出爲23810萬美元。
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.
今年前六個月，Old Dominion向股東返還了資金，包括6.371億美元的回購股份和1.126億美元的股息，其中包括2億美元的加速計劃。
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總結道：“因此，我們相信我們是行業內最有競爭力的運營商，可以在長期內贏得市場份額，同時繼續增強股東價值。”
Price Action: ODFL shares are trading higher by 2.73% at 199.15 at the last check Wednesday.
價格走勢：週三最後一次檢查時，ODFL股價上漲2.73%，達到199.15美元。
Photo via Shutterstock
圖片來自shutterstock。