Old Dominion Q2 2026: EPS $1.68, revenue up 10.4%
Old Dominion beat consensus on earnings and expanded its operating margin by 450 basis points, delivering $350.6 million of net income on $1.55 billion of revenue. The catch is that all of the top-line growth came from price, not volume: LTL tons per day fell 4.1%. Read it as excellent execution in a soft freight market, helped by a $17.2 million one-off property gain.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $1.68 beat the $1.54 consensus estimate by about 9.0% and matched the company's previous record set in 2022. Net income rose 30.5% to $350.6 million, faster than revenue, as operating income grew 30.0% to $465.3 million. The operating ratio — operating expenses as a share of revenue, where lower is better — improved to 70.1% from 74.6%.
Revenue rose 10.4% to $1.55 billion from $1.41 billion a year earlier, with about 99.0% of it coming from LTL services. The gain was almost entirely price: LTL revenue per hundredweight climbed 15.2%, while tons per day fell 4.1% and shipments per day fell 5.7%. Management's answer is yield discipline — pricing for profit rather than chasing volume.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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