Old Dominion Freight Line reported second-quarter revenue of $1.55 billion, exceeding analyst estimates by 0.7% and growing 10.4% year on year. Adjusted earnings per share came in at $1.68, a 9.4% beat over the consensus estimate of $1.54. The operating margin improved to 29.9% from 25.4% a year ago, driven by yield management and cost discipline, even as sales volumes fell 5.7%. CEO Marty Freeman highlighted a 99% on-time service rate and strategic pricing that lifted LTL revenue per hundredweight by 15.2%. The company raised its 2026 capital expenditures plan to support long-term growth, while cautioning that volume recovery remains uneven and inflationary pressures could weigh on future margins.
Old Dominion Freight Line IncQ2 revenue and EPS beat estimates, with operating margin expanding to 29.9% from 25.4%.