Old Dominion Q3 FY2026: revenue up 13.1%, EPS up 28.9% to $1.65
Old Dominion's third quarter was a pricing story, not a volume story: revenue rose 13.1% to $1.59 billion and EPS climbed 28.9% to $1.65, with the operating ratio improving 280 basis points to 71.5%. Read the scorecard for the quality of that growth — tonnage per day was still slightly negative — then the balance sheet, which carries no long-term debt.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $1.65 rose 28.9% from $1.28 and landed within a tenth of a cent of the $1.6491 consensus estimate, so this was a meet rather than a beat. Net income of $343.75 million was 21.6% of revenue versus 19.3% a year ago, meaning the extra profit came from margin rather than sheer size. Share count helped too: diluted weighted average shares fell 1.3% to 208.1 million.
Revenue of $1.59 billion rose 13.1% from $1.41 billion a year earlier and 2.4% from the $1.55 billion booked in Q2 FY2026. Almost all of it is core freight: LTL services brought in $1.58 billion and other services just $14.16 million. The gain came from price, not volume — LTL revenue per hundredweight rose 13.3% while tons per day fell 0.1%.
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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 2026-11-05
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