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.（納斯達克：ODFL）股價在第三季度業績公佈後出現下跌。
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.
公司報告顯示，營業收入同比下降3.0%，至14.7億美元，低於14.92億美元的共識。每股收益爲1.43美元，遜於1.47美元的共識。
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.
營業收入下降主要是因爲每日零擔噸數減少了4.8%，部分抵消了每百磅零擔收入增加了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.
每日零擔噸數的下降歸因於每日零擔運輸量下降了3.4%，每批零擔重量減少了1.4%。
LTL revenue per hundredweight, excluding fuel surcharges, rose 4.6% in the quarter.
除燃油附加費外，每百磅零擔收入在本季度上漲了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.
營業收入下降了9.7%，至4.01億美元，營業比率爲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在第三季度的營業現金流爲44650萬美元，前九個月達到13億美元。
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，公司擁有7420萬美元的現金及等價物。第三季度的資本支出爲24280萬美元。
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.
在今年前九個月，舊金山貨運向股東返還資本，包括在回購股份上花費82480萬美元，其中包括一個20000萬美元的加速計劃，並支付16820萬美元的股息。
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."
舊金山貨運的總統兼首席執行官馬蒂·弗里曼評論說：「舊金山貨運第三季度的財務業績反映了國內經濟持續疲軟。具有挑戰性的營運環境以及2023年第三季度強勁的可比財務業績導致了我公司今年首次出現季度營收和每股攤薄收益同比下降。」
"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."
「營收下降對我們的許多營業費用產生了槓桿效應，從而導致我們的營業費用佔營業收入的百分比增加了110個點子。儘管我們的團隊在第三季度運營非常高效，直接營運成本佔營業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).
投資者可以通過First Trust S&P 500 Diversified 股息貴族 ETF (BATS:IYT) 和 ProShares Trust ProShares 供應鏈物流 ETF (紐交所:SUPL) 來獲得該股票的曝光。
Price Action: ODFL shares are down 5.79% at $187.99 premarket at the last check Wednesday.
股價表現：ODFL股票在上週三最後一次查看時預盤下跌5.79%，報187.99美元。
Photo via Shutterstock
圖片來自shutterstock。
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