Company profile

Ticker
ODFL
Exchange
Website
CEO
Greg C. Gantt
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
OLD DOMINION FREIGHT LINE INC/VA
SEC CIK
IRS number
560751714

ODFL stock data

(
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Calendar

6 Aug 20
21 Oct 20
31 Dec 20

News

Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
20 May 20 Gabosch Bradley R Common Stock Grant Aquire A No 0 1,000 0 7,427
20 May 20 Sherry A Aaholm Common Stock Grant Aquire A No 0 1,000 0 3,461
20 May 20 Wendy T. Stallings Common Stock Grant Aquire A No 0 1,000 0 1,000
20 May 20 Kasarda John D. Common Stock Grant Aquire A No 0 1,000 0 13,175
73.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 547 503 +8.7%
Opened positions 99 67 +47.8%
Closed positions 55 47 +17.0%
Increased positions 208 377 -44.8%
Reduced positions 187 53 +252.8%
13F shares
Current Prev Q Change
Total value 124.13B 113.71B +9.2%
Total shares 85.99M 86.68M -0.8%
Total puts 237.85K 207.1K +14.8%
Total calls 246.9K 289.05K -14.6%
Total put/call ratio 1.0 0.7 +34.5%
Largest owners
Shares Value Change
Vanguard 11.32M $1.92B -2.5%
Capital Research Global Investors 10.34M $1.75B -3.9%
BLK BlackRock 7.22M $1.22B +10.2%
N Price T Rowe Associates 4.86M $824.48M -14.8%
Kayne Anderson Rudnick Investment Management 4.17M $707.1M -26.1%
STT State Street 4.14M $701.56M +3.9%
Capital International Investors 2.67M $452.82M -21.8%
Alpha Omega Wealth Management 1.82M $309.37M -0.0%
IVZ Invesco 1.64M $278.41M -10.7%
Geode Capital Management 1.61M $272.59M -1.4%
Largest transactions
Shares Bought/sold Change
Kayne Anderson Rudnick Investment Management 4.17M -1.47M -26.1%
N Price T Rowe Associates 4.86M -845.54K -14.8%
Capital International Investors 2.67M -744.4K -21.8%
CIBC Private Wealth 156.94K -726.54K -82.2%
BLK BlackRock 7.22M +667.46K +10.2%
Swedbank 627.13K +627.13K NEW
Voya Investment Management 396.7K -430.87K -52.1%
Capital Research Global Investors 10.34M -415.69K -3.9%
Citadel Advisors 115.55K -326.78K -73.9%
Aqr Capital Management 513.37K +297.36K +137.7%

Financial report summary

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Risks
  • We operate in a rapidly evolving and highly competitive industry, and our business will suffer if we are unable to adequately address potential downward pricing pressures and other factors that may adversely affect our operations and profitability.
  • If our employees were to unionize, our operating costs would increase and our ability to compete would be impaired.
  • We may be unable to successfully consummate and integrate acquisitions as part of our growth strategy.
  • Changes in our relationships with significant customers, including the loss or reduction in business from one or more of them, could have an adverse impact on our business.
  • Difficulties attracting and retaining qualified drivers and maintenance technicians could result in increases in driver and technician compensation and could adversely affect our profitability, our ability to maintain or grow our fleet and our ability to maintain our customer relationships.
  • We operate in a highly regulated industry, and increased costs of compliance with, or liability for violation of, existing or future regulations could have a material adverse effect on our business.
  • If we do not adapt to new technologies implemented by our competitors in the LTL and transportation industry, our business could suffer.
  • Insurance and claims expenses could significantly reduce our profitability.
  • Healthcare legislation may increase our costs and reduce our future profitability.
  • We have significant ongoing cash requirements that could limit our growth and affect our profitability if we are unable to obtain sufficient capital.
  • Limited supply and increased costs of new equipment may adversely affect our earnings and cash flow.
  • We may be adversely impacted by fluctuations in the availability and price of diesel fuel.
  • We are subject to various governmental laws and regulations, and costs of compliance with, liabilities under, or violations of, existing or future governmental laws or regulations could adversely affect our business.
  • We may be adversely affected by legal, regulatory, or market responses to climate change concerns.
  • We are subject to the risks of litigation and governmental proceedings, inquiries, notices or investigations which could adversely affect our business.
  • We are subject to various risks arising from our international business operations and relationships, which could adversely affect our business.
  • We are subject to legislative, regulatory, and legal developments involving taxes.
  • Our results of operations may be affected by seasonal factors, harsh weather conditions and disasters.
  • Our principal shareholders control a large portion of our outstanding common stock.
  • Our financial results may be adversely impacted by potential future changes in accounting practices.
  • Our information technology systems are subject to cyber and other risks, some of which are beyond our control, which could have a material adverse effect on our business, results of operations and financial position.
  • Damage to our reputation through unfavorable publicity could adversely affect our financial condition.
  • Anti-terrorism measures and terrorist events may disrupt our business.
  • A decrease in the demand and value of used equipment may impact our results of operations.
  • If we raise additional capital in the future, your ownership in us could be diluted.
  • There can be no assurance of our ability to declare and pay cash dividends in future periods.
  • The amount and frequency of our stock repurchases may fluctuate.
  • The market value of our common stock has been and may in the future be volatile, and could be substantially affected by various factors.
  • Our articles of incorporation, our bylaws and Virginia law contain provisions that could discourage, delay or prevent a change in our control or our management.
Management Discussion
  • ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • We are a leading, less-than-truckload (“LTL”), union-free motor carrier providing regional, inter-regional and national LTL services through a single integrated organization. Our service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. Through strategic alliances, we also provide LTL services throughout North America. In addition to our core LTL services, we offer a range of value-added services including container drayage, truckload brokerage and supply chain consulting. More than 97% of our revenue has historically been derived from transporting LTL shipments for our customers, whose demand for our services is generally tied to industrial production and the overall health of the U.S. domestic economy.
  • In analyzing the components of our revenue, we monitor changes and trends in our LTL volumes and LTL revenue per hundredweight.  While LTL revenue per hundredweight is a yield measurement, it is also a commonly-used indicator for general pricing trends in the LTL industry.  This yield metric is not a true measure of price, however, as it can be influenced by many other factors, such as changes in fuel surcharges, weight per shipment and length of haul.  As a result, changes in revenue per hundredweight do not necessarily indicate actual changes in underlying base rates.  LTL revenue per hundredweight and the key factors that can impact this metric are described in more detail below:
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New words: adequacy, Aid, ASR, assessment, deferral, eliminated, employer, encouraging, final, institution, par, payroll, permitted, precisely, prepaid, recalculate, Relief, responded, rounding, sacrificing, sequential, settlement, significantly, slowdown, team, unamortized, uncommitted
Removed: accrued, acquired, expiration, incentive, optional, resulted, superior, wage