)
Company Research20 Mar 2024
Companies That Had Their IPO in 1991: Recovery From a Recession
An overview of the markets and the IPO landscape as the economy recovered from the early 90s recession.
Old Dominion Freight Line (ODFL) investor relations material
Old Dominion Freight Line Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary29 Oct, 2025
Executive summary
Third quarter 2025 revenue declined 4.3% year-over-year to $1.41 billion, mainly due to a 9% drop in LTL tons per day, partially offset by a 4.7% increase in LTL revenue per hundredweight.
Net income fell 12.2% to $270.9 million and diluted EPS dropped 10.5% to $1.28.
Operating ratio increased to 74.3% due to deleveraging from lower revenue and higher overhead expenses.
Maintained 99% on-time service and a 0.1% cargo claims ratio, earning top industry service recognition for the 16th consecutive year.
Continued focus on cost control, technology investments, and maintaining best-in-class service despite weak demand.
Financial highlights
Operating income for Q3 2025 was $360.8 million, down from $401.9 million in Q3 2024.
Cash flow from operations was $437.5 million for Q3 and $1.1 billion for the first nine months of 2025.
Capital expenditures were $94 million for Q3 and $369.3 million for the first nine months.
Share repurchases totaled $180.8 million in Q3 and $605.4 million year-to-date; dividends paid were $58.7 million in Q3 and $177.2 million year-to-date.
LTL services revenue for Q3 2025 was $1.39 billion, down from $1.46 billion in Q3 2024.
Outlook and guidance
Expect a sequential increase in operating ratio of 250-350 basis points in Q4 due to continued revenue pressure and normal seasonal cost increases.
Full-year 2025 capital expenditures are expected to total approximately $450 million, with $210 million for real estate and service center expansion, $190 million for tractors and trailers, and $50 million for IT and other assets.
Effective tax rate projected at 24.8% for Q4 2025.
Management remains cautious on demand recovery, expecting continued year-over-year declines in tonnage into early 2026 unless macro conditions improve.
Focus remains on yield discipline, operational efficiency, and readiness for demand recovery.
LTL pricing strategy effectiveness?
Mitigating deleveraging impact on OR?
Cash balance strategy given capital outflows?
What specific catalysts will end demand uncertainty?
Given 35%+ excess capacity, what's 2026 CapEx?
Detail future tech-driven productivity improvements.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Old Dominion Freight Line earnings date
Q4 20254 Feb, 2026
Next Old Dominion Freight Line earnings date
Q4 20254 Feb, 2026
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Less Than Truckload
Old Dominion Freight Line is an American shipping company, specializing in providing less than truckload shipping (LTL). The company is one of the leaders in the sector and offers regional, inter-regional, and national LTL services. Its services also include logistics consulting, supply chain analysis, and container drayage, making it an important player in North American supply chains. Old Dominion is headquartered in Richmond, Virginia, and its shares are listed on the Nasdaq.
Founded by Husband and Wife
Old Dominion Freight Line, founded in 1934 by Earl and Lillian Congdon in Richmond, Virginia, started as a single-truck operation. Initially, it provided local hauling and transportation of merchandise for retailers. The company steadily grew through the mid-20th century, expanding its service area and fleet. In 1957, Old Dominion extended its operations to most of the state of Virginia and the adjacent portions of North Carolina, laying the groundwork for further expansion.
The company's growth accelerated in the 1970s and 1980s, driven by strategic acquisitions and an expansion of its service offerings. These moves transformed Old Dominion from a regional player into a significant national LTL freight carrier. Through consistent investment in technology, fleet upgrades, and service expansion, it has established a robust network covering the entire United States and international locations, becoming a key player in North American logistics and transportation. Today, Old Dominion competes against companies such as FedEx, XPO, and J.B. Hunt.
LTL Experts
LTL freight is a shipping method used for the transportation of relatively small freight or when freight doesn't require the use of an entire trailer. This method allows multiple shippers to share space on the same truck. Each shipper pays only for the portion of the trailer their goods occupy, while the rest of the space is filled with freight from other shippers. This makes LTL a cost-effective option for small businesses and individual shippers with smaller loads. LTL carriers consolidate freight from various shippers and plan logistics to efficiently route trucks. This process involves stopping at multiple locations to pick up and deliver shipments, making it a practical solution for the distribution of smaller, less time-sensitive shipments across longer distances.
Not Just LTL
Old Dominion Freight Line provides a variety of logistics and transportation services beyond its primary offering of Less-Than-Truckload shipping. The company also offers full truckload shipping services for larger freight requirements.
In addition to these transportation services, Old Dominion offers supply chain consulting, assisting businesses in streamlining and optimizing their logistics operations. The company also provides warehousing and distribution services, supporting its clients throughout the entire supply chain.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage