Old Dominion Freight Line Reports Third Quarter 2026 Earnings Per Diluted Share of $1.65
Key Highlights
- ➤Q3 revenue $1.59 billion, up 13.1% year over year
- ➤Q3 diluted EPS $1.65, up 28.9% year over year
- ➤Operating ratio improved 280 basis points to 71.5%
- ➤2026 capital expenditures expected to total approximately $380 million
- ➤First-nine-month share repurchases totaled $400.6 million
Expert Statements
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“Old Dominion produced strong financial results in the third quarter that included a 13.1% increase in revenue and a 28.9% increase in our earnings per diluted share.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“The cornerstone of our strategic plan remains our commitment to providing our customers with superior service at a fair price, and we were pleased that our service metrics were once again best-in-class in the third quarter with 99% on-time service and a claims ratio of 0.1%.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“Our 13.1% increase in revenue was primarily due to a 13.3% increase in our LTL revenue per hundredweight that was partially offset by a 0.1% decrease in our LTL tons per day.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“Demand for our service improved during the quarter and our LTL tons per day increased on a year-over-year basis in September.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“LTL revenue per hundredweight, excluding fuel surcharges, increased 5.1% compared to the third quarter of 2025 as we continued to maintain our disciplined approach to yield management.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“Our operating ratio improved by 280 basis points to 71.5% for the third quarter of 2026.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“The combination of revenue growth and operating ratio improvement resulted in a 28.9% increase in our earnings per diluted share to $1.65 for the third quarter.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“Old Dominion produced another quarter of strong, profitable revenue growth.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“Our unwavering commitment to providing our customers with the highest standard of service has created an unmatched value proposition in our industry and supports our ongoing focus on revenue quality.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“As this quarter demonstrates, our consistent investments in our network, our people and our technology provide us with the flexibility to respond quickly to changes in the demand environment.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“This flexibility allows us to support our customers with the capacity that they require while continuing to operate efficiently.”
Marty Freeman, President and Chief Executive Officer of Old Dominion Freight Line
“As a result, we remain confident in our ability to win profitable market share and increase shareholder value over the long term.”
Old Dominion Freight Line Reports Third Quarter 2026 Earnings Per Diluted Share of $1.65
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and nine-month periods ended September 30, 2026.
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