Free Research Report as Old Dominion’s Q4 Results Outperformed Forecasts

Stock Monitor: AutoWeb Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 13, 2018 / Active-Investors.com has just released a free earnings report on Old Dominion Freight Line, Inc. (NASDAQ: ODFL) (“Old Dominion”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ODFL. The Company posted its financial results on February 08, 2018, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company’s quarterly revenues grew 19.5% y-o-y to outshine market forecasts. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for AutoWeb, Inc. (NASDAQ: AUTO), 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:

www.active-investors.com/registration-sg/?symbol=AUTO

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 our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ODFL

Earnings Highlights and Summary

During Q4 FY17, Old Dominion reported total revenues of $891.12 million versus $745.74 million in Q4 FY16. The Company’s quarterly total revenue numbers outperformed Wall Street’s expectations of $876.8 million.

The trucking Company’s net income increased to $197.25 million, or $2.39 per diluted common share, during Q4 FY17 from $68.51 million, or $0.83 per diluted common share, in the prior year’s same quarter. Meanwhile, market analysts had expected the Company to report a net income of $1.27 per diluted share for the reported quarter.

In the full year FY17, the Company reported total revenues of $3.36 billion compared to $2.99 billion in FY16. The Company’s net income increased to $463.77 million, or $5.63 per diluted common share, during FY17 from $295.77 million, or $3.56 per diluted common share, in FY16.

Operating Metrics

For Q4 FY17, the Thomasville, North Carolina-based Company incurred total operating expenses of $747.66 million compared to $632.29 million in Q4 FY16. The Company’s operating income came in at $143.46 million, or 16.1% of revenues, in Q4 FY17 compared to $113.45 million, or 15.2% of revenues, in the year ago comparable period. In Q4 FY17, the Company’s operating ratio was 83.9%, up from 84.8% in Q4 FY16.

Old Dominion’s less-than-truckload (LTL) intercity miles increased 11.8% to 158.12 million miles in Q4 FY17 from 141.39 million miles in Q4 FY16. The Company’s LTL revenue per intercity mile improved to $5.51 in Q4 FY17 from $5.13 in Q4 FY16. The Company’s LTL tons were 2.21 million tons in Q4 FY17, up 14.4% from 1.93 million tons in the year ago corresponding quarter. LTL tonnage per day was 35,661 in Q4 FY17 versus 31,177 in Q4 FY16. Furthermore, LTL revenue per hundredweight improved to $19.70 in Q4 FY17 compared to $18.74 in Q4 FY16.

Cash Flow and Balance Sheet

Old Dominion’s cash from operating activities was $148.3 million in Q4 FY17 and $536.3 million in the full year ended December 31, 2017. The Company’s capital expenditure was $93.3 million in Q4 FY17 and $382.1 million in the full year FY17.

The Company had cash and cash equivalents of $127.46 million as on December 31, 2017, up from $10.17 million at the close of books as on December 31, 2016. The Company’s long-term debt stood at $45.00 million as on December 31, 2017, compared to $104.98 million as on December 31, 2016. Furthermore, the Company’s debt-to-total capitalization ratio was 4.0% as on December 31, 2017, compared to 5.4% as on December 31, 2016.

Dividend and Share Repurchase

In its earnings press release, Old Dominion’s Board of Directors hiked the quarterly first-quarter dividend by 30% to $0.13 per share. The dividend is payable on March 20, 2018, to shareholders of record at the close of business on March 06, 2018.

The Company returned $8.2 million of capital to its shareholders in Q4 FY17 and $40.9 million in FY17, which included $32.9 million in cash dividends and $8.0 million as share repurchases.

Stock Performance Snapshot

March 12, 2018 – At Monday’s closing bell, Old Dominion Freight Line’s stock slightly climbed 0.20%, ending the trading session at $147.89.

Volume traded for the day: 376.79 thousand shares.

Stock performance in the last month – up 12.28%; previous three-month period – up 14.09%; past twelve-month period – up 65.33%; and year-to-date – up 12.42%

After yesterday’s close, Old Dominion Freight Line’s market cap was at $11.76 billion.

Price to Earnings (P/E) ratio was at 33.96.

The stock has a dividend yield of 0.35%.

The stock is part of the Services sector, categorized under the Trucking industry. This sector was up 0.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 492844