Old Dominion (ODFL) FY2024 10-K Annual Report
Old Dominion (ODFL) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Old Dominion FY2024 10-K Analysis
Business Overview
- • Core business: North American less-than-truckload (LTL) motor carrier providing integrated regional and national freight services through 261 service centers
- • Service center expansion: Opened 4 new centers in past year, totaling 261 locations with 239 owned and 22 leased as of Dec 31, 2024
Management Discussion & Analysis
- • Revenue $5.815B, down 0.9% YoY, driven by 2.8% decline in LTL tons partially offset by 2.4% increase in LTL revenue per hundredweight
- • Operating margin 26.6% vs 28.0%; net income margin 20.4% vs 21.1%; operating ratio 73.4% vs 72.0%—profitability declined due to lower volumes and cost inflation
Risk Factors
- • Regulatory risk: potential increased insurance collateralization requirements could reduce borrowing capacity per insurance market conditions changes
- • Macroeconomic threat: freight volume declines in 2023-2024 from U.S. economic softness reducing shipment density and profitability
Old Dominion FY2024 Key Financial MetricsXBRL
Revenue
$5.8B
▼ -0.9% YoY
Net Income
$1.2B
▼ -4.3% YoY
Operating Margin
26.6%
▼ -142bp YoY
Net Margin
20.4%
▼ -73bp YoY
ROE
27.9%
▼ -117bp YoY
Total Assets
$5.5B
▼ -0.4% YoY
EPS (Diluted)
$5.48
▼ -51.3% YoY
Operating Cash Flow
$1.7B
▲ +5.7% YoY
Source: XBRL data from Old Dominion FY2024 10-K filing on SEC EDGAR. All figures in USD.
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