Old Dominion Freight Line Reports Q1 Results and Notes Margin Improvement Outlook
Old Dominion Freight Line (ODFL) reported Q1 earnings per share of $1.14, slightly above estimates but down year-over-year. The company noted signs of market recovery and expects year-over-year margin improvement in Q2, despite a slight slowdown in April due to customer uncertainty. Revenue declined 3% y/y to $1.33 billion, but exceeded expectations.
Tickers: $ODFL
Topics: earnings fuel surcharge margin improvement market recovery revenue seasonality