Old Dominion reports 30% operating income growth in second quarter
Filed with the SEC on · Summarized by InvestorsBot
Old Dominion Freight Line reported second-quarter 2026 revenue of $1.55 billion, up 10.4% from a year earlier, while net income rose 30.5% to $350.6 million and diluted EPS increased 32.3% to $1.68 for the period ended June 30. The operating ratio improved to 70.1% from 74.6%, even as LTL shipments per day fell 5.7%; the company expects 2026 capital expenditures of approximately $380 million and returned $360.4 million through share repurchases and dividends during the first half.