Old Dominion Freight Line, Inc., (ODFL), Thursday posted a higher profit for the first quarter, reflecting higher revenues. Earnings also exceeded analyst estimates.
For the quarter, the company recorded net income of $40.6 million or $0.47 per share, compared with $31.1 million or $0.36 per share in the same quarter last year.
On average, eighteen analysts polled by Thomson Reuters expected earnings per share of $0.42 for the quarter. Analysts' estimates typically exclude one-time items.
For the three-month period, the company generated revenues of $532.6 million, a 7.1 percent increase from $497.1 million reported last year. Analyst expected the company to report revenues of $531.74 million for the quarter.
Net capital expenditure for the quarter was $26.1 million, which included the expansion and relocation of eight service centers to improve capacity.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.