ODFL - Old Dominion Freight Line GAAP EPS of $2.58 misses by $0.12 revenue of $1.44B misses by $40M

2023-04-26 07:06:30 ET

• Old Dominion Freight Line press release ( NASDAQ: ODFL ): Q1 GAAP EPS of $2.58 misses by $0.12 .
• Revenue of $1.44B (-4.0% Y/Y) misses by $40M .
• The operating ratio for the first quarter increased 50 basis points to 73.4% as compared to the first quarter of 2022.

• Old Dominion’s net cash provided by operating activities was $415.4 million for the first quarter of 2023. The Company had $207.6 million in cash and cash equivalents at March 31, 2023.

• Capital expenditures were $234.7 million for the first quarter of 2023.

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