Free Post Earnings Research Report: Old Dominion Freight Line’s Revenue Grew 11.5%; EPS Surged 20.4%

Stock Monitor: Schneider National Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 30, 2017 / Active-Investors free earnings report on Old Dominion Freight Line, Inc. (NASDAQ: ODFL) (“Old Dominion”) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=ODFL. The Company posted its financial results on October 26, 2017, for the third quarter of the fiscal year 2017. The logistics services provider’s revenue and EPS surpassed analysts’ expectations. Register today and get free access to our complimentary member’s area where many more reports are available:

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Active-Investors.comis currently working on the research report for Schneider National, Inc. (NYSE: SNDR), which also belongs to the Services sector as the Company Old Dominion Freight Line. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Old Dominion Freight Line most recent news is on our radar and we have decided to include it on our blog post. Today’s free coverage is available at:

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Earnings Highlights and Summary

For the three months ended September 30, 2017, Old Dominion’s revenues increased 11.5% to $872.99 million from $782.61 million in Q3 FY16, due to an increase in less-than-truckload (LTL) tonnage per day and an increase in LTL revenue per hundredweight. The revenue numbers surpassed analysts’ expectations of $855.85 million.

During Q3 FY17, the Company’s LTL services revenue increased 11.7% to $859.83 million from $769.85 million in the same period of last year. For the reported quarter, the Company’s LTL shipments increased 5% to 2.77 million from 2.64 million in Q3 FY16.

For the reported quarter, the Company’s LTL revenue per shipment increased 5.5% to $307.45 from $291.51 in the third quarter of 2016. During Q3 FY17, the Company’s LTL tonnage per day increased 8.6% to 34,762 from 32,016 in the comparable period of last year. For the reported quarter, the Company’s LTL revenue per hundredweight increased 3.6% to $19.47 from $18.79 in Q3 FY16.

For the reported quarter, Old Dominion’s salaries, wages, and benefits expenses increased 8.6% to $461.80 million from $425.08 million in Q3 FY16. During Q3 FY17, the Company’s depreciation and amortization (D&A) expenses increased 5.9% to $51.93 million from $49.04 million in the corresponding period of last year.

During Q3 FY17, Old Dominion’s operating income increased 19.3% to $163.88 million from $137.40 million in the same period of last year. During Q3 FY17, the Company’s operating margin increased 120 basis points to 18.8% of revenue from 17.6% of revenue in Q3 FY16. For the reported quarter, the Company’s operating ratio improved 120 basis points to 81.2% from 82.4% n Q3 FY16.

For the reported quarter, Old Dominion’s net income increased 19.6% to $102.31 million on a y-o-y basis from $85.58 million in Q3 FY16. During Q3 FY17, the Company’s diluted earnings per share (EPS) increased 20.4% to $1.24 on a y-o-y basis from $1.03 in the comparable period of last year. The diluted EPS surpassed analysts’ expectations of $1.16.

Balance Sheet

As on September 30, 2017, Old Dominion’s cash and cash equivalents increased 667.8% to $78.09 million from $10.17 million as on September 31, 2016. For the reported quarter, the Company’s long-term debt decreased 57.1% to $45.00 million from $104.98 million in Q4 FY16.

For the reported quarter, the Company’s net customer receivables increased 22.4% to $391.86 million from $320.09 million in the fourth quarter of 2016. For the reported quarter, the Company’s accounts payable decreased 33.1% to $59.70 million from $89.22 million in Q4 FY16.

During FY17, the Company’s YTD cash provided by operating activities decreased 5.4% to $388.01 million from $410.13 million in last year.

During Q3 FY17, the Company repurchased 9,305 shares of its common stock for $0.9 million.

On October 30, 2017, Old Dominion’s Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock, payable on December 20, 2017, to shareholders of record at the close of business on December 06, 2017.

Stock Performance Snapshot

November 29, 2017 – At Wednesday’s closing bell, Old Dominion Freight Line’s stock climbed 1.75%, ending the trading session at $127.05.

Volume traded for the day: 778.30 thousand shares, which was above the 3-month average volume of 516.49 thousand shares.

Stock performance in the last month – up 5.34%; previous three-month period – up 26.87%; past twelve-month period – up 46.78%; and year-to-date – up 48.09%

After yesterday’s close, Old Dominion Freight Line’s market cap was at $10.48 billion.

Price to Earnings (P/E) ratio was at 31.25.

The stock has a dividend yield of 0.31%.

The stock is part of the Services sector, categorized under the Trucking industry. This sector was up 0.4% at the end of the session.

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