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Old Dominion Freight Line Inc   (ODFL)
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ODFL's Operating Income Growth by Quarter and Year

Old Dominion Freight Line Inc 's Operating Income results by quarter and year




ODFL Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 430.23 372.49 254.30
III Quarter September 445.02 496.08 383.41 270.24
II Quarter June 391.59 508.71 366.04 199.17
I Quarter March 383.05 405.62 269.66 183.17
FY   1,219.66 1,840.64 1,391.60 906.88



ODFL Operating Income third quarter 2023 Y/Y Growth Comment
Old Dominion Freight Line Inc reported fall in Operating Income in the third quarter 2023 by -10.29% to $ 445.02 millions, from the same quarter in 2022.
The decline in the third quarter 2023 Old Dominion Freight Line Inc 's Operating Income compares unfavorably to the Company's average Operating Income increase of 19.83%.

Looking into third quarter 2023 results within Transport & Logistics industry 3 other companies have achieved higher Operating Income growth. While Old Dominion Freight Line Inc ' s Operating Income decrease of -10.29% ranks overall at the positon no. 1322 in the third quarter 2023.

Explain Operating Income growth


ODFL Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 15.5 % 46.48 % 35.08 %
III Quarter September -10.29 % 29.39 % 41.88 % 24.23 %
II Quarter June -23.02 % 38.98 % 83.78 % -15.06 %
I Quarter March -5.56 % 50.42 % 47.22 % 2.66 %
FY   - 32.27 % 53.45 % 10.77 %

Financial Statements
Old Dominion Freight Line Inc 's third quarter 2023 Operating Income $ 445.02 millions ODFL's Income Statement
Old Dominion Freight Line Inc 's third quarter 2022 Operating Income $ 496.08 millions Quarterly ODFL's Income Statement
New: More ODFL's historic Operating Income Growth >>


ODFL Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -13.27 % -2.85 % -5.9 %
III Quarter September 13.64 % -2.48 % 4.75 % 35.68 %
II Quarter June 2.23 % 25.42 % 35.74 % 8.74 %
I Quarter March -10.97 % 8.89 % 6.04 % -2.7 %
FY (Year on Year)   - 32.27 % 53.45 % 10.77 %




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #4
Transportation Sector #18
Overall #1322

Operating Income Y/Y Growth Statistics
High Average Low
83.79 % 19.83 % -23.02 %
(Jun 30 2021)   (Jun 30 2023)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #4
Transportation Sector #18
Overall #1322
Operating Income Y/Y Growth Statistics
High Average Low
83.79 % 19.83 % -23.02 %
(Jun 30 2021)   (Jun 30 2023)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Old Dominion Freight Line Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
53.27 % 6.59 % -21.65 %
(Jun 30 2014)  


ODFL's III. Quarter Q/Q Operating Income Comment
Old Dominion Freight Line Inc achieved in the III. Quarter 2023 above company average sequential Operating Income rise of 13.64%, to $ 445.02 millions, from $391.59 millions in the second quarter.
Old Dominion Freight Line Inc is undergoing a remarkable growth, with recording higher then normal gain, but also increasing speed.

Within Transport & Logistics industry Old Dominion Freight Line Inc achieved highest sequential Operating Income growth. While Old Dominion Freight Line Inc 's Operating Income growth quarter on quarter, overall rank is 393.


Operating Income Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #0
Transportation Sector #9
Overall #393
Operating Income Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #0
Transportation Sector #9
Overall #393
Operating Income Q/Q Growth Statistics
High Average Low
53.27 % 6.59 % -21.65 %
(Jun 30 2014)  


ODFL's III. Quarter Q/Q Operating Income Comment
Old Dominion Freight Line Inc achieved in the III. Quarter 2023 above company average sequential Operating Income rise of 13.64%, to $ 445.02 millions, from $391.59 millions in the second quarter.
Old Dominion Freight Line Inc is impressively improving, with recording better then normal growth, and additionally accelerating pace, Trinity Lee, a business contributor added.

Within Transport & Logistics industry Old Dominion Freight Line Inc achieved highest sequential Operating Income growth. While Old Dominion Freight Line Inc 's Operating Income growth quarter on quarter, overall rank is 393.


Old Dominion Freight Line Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Operating Income 12 Months Ending $ 1,649.89 $ 1,700.95 $ 1,818.06 $ 1,840.63 $ 1,782.89
Y / Y Operating Income Growth (TTM) -7.46 % 1.84 % 19.02 % 32.27 % 40.01 %
Year on Year Operating Income Growth Overall Ranking # 245 # 398 # 239 # 420 # 403
Seqeuential Operating Income Change (TTM) -3 % -6.44 % -1.23 % 3.24 % 6.75 %
Seq. Operating Income Growth (TTM) Overall Ranking # 551 # 821 # 622 # 1018 # 530




Cumulative Operating Income growth Comment
For the 12 months ended Sep 30 2023 Old Dominion Freight Line Inc reported a decrease in Operating Income by -7.46% year on year, to $1,650 millions, compare to the 1.84% growth at Jun 30 2023.

Among companies within the Transportation sector 4 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 245, from total ranking in previous quarter at 398.

Operating Income TTM Q/Q Growth Statistics
High Average Low
53.78 %
20.98 %
-8.37 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 0
Transportation Sector # 5
Overall # 245

Operating Income TTM Y/Y Growth Statistics
High Average Low
53.78 %
20.98 %
-8.37 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 8
S&P 500 # 551
Cumulative Operating Income growth Comment
For the 12 months ended Sep 30 2023 Old Dominion Freight Line Inc reported a decrease in Operating Income by -7.46% year on year, to $1,650 millions, compare to the 1.84% growth at Jun 30 2023.

Among companies within the Transportation sector 4 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 245, from total ranking in previous quarter at 398.

Operating Income TTM Q/Q Growth Statistics
High Average Low
53.78 %
20.98 %
-8.37 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 0
Transportation Sector # 5
Overall # 245

Operating Income TTM Y/Y Growth Statistics
High Average Low
53.78 %
20.98 %
-8.37 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 8
S&P 500 # 551




Other Operating Income Growth
Transport & Logistics Industry Operating Income Growth Trends and Statistics
Transportation Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
ODFL's Operating Income Growth Ratio versus Transport & Logistics Industry, Transportation Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for ODFL's Competitors
Operating Income Growth for Old Dominion Freight Line Inc 's Suppliers
Operating Income Growth for ODFL's Customers

You may also want to know
ODFL's Annual Growth Rates ODFL's Profitability Ratios ODFL's Asset Turnover Ratio ODFL's Dividend Growth
ODFL's Roe ODFL's Valuation Ratios ODFL's Financial Strength Ratios ODFL's Dividend Payout Ratio
ODFL's Roa ODFL's Inventory Turnover Ratio ODFL's Growth Rates ODFL's Dividend Comparisons



Companies with similar Operating Income decrease for the quarter ending Sep 30 2023 within Transportation SectorY/Y Change %Operating Income for the quarter ending Sep 30 2023
Old Dominion Freight Line Inc -10.29%$ -10.293 millions
Union Pacific Corp-17.32%$ -17.319 millions
Csx Corporation-17.99%$ -17.986 millions
J b Hunt Transport Services Inc -33.27%$ -33.270 millions
Skywest Inc-34.78%$ -34.780 millions
Pangaea Logistics Solutions Ltd -35.39%$ -35.386 millions
Air Transport Services Group Inc -36.65%$ -36.649 millions
Landstar System Inc -39.81%$ -39.813 millions
Norfolk Southern Corporation-40.57%$ -40.566 millions
Werner Enterprises Inc -50.30%$ -50.302 millions
United Parcel Service Inc -56.86%$ -56.858 millions
Expeditors International Of Washington Inc -58.99%$ -58.994 millions
C h Robinson Worldwide Inc -60.53%$ -60.529 millions
Arcbest Corporation-61.05%$ -61.048 millions
Hub Group Inc -63.86%$ -63.856 millions
Radiant Logistics Inc -66.40%$ -66.397 millions
Schneider National Inc -67.88%$ -67.882 millions
Knight swift Transportation Holdings Inc -69.46%$ -69.464 millions
Southwest Airlines Co -70.38%$ -70.380 millions
Covenant Logistics Group Inc -74.36%$ -74.363 millions
Pam Transportation Services Inc-75.11%$ -75.115 millions
Forward Air Corporation-78.38%$ -78.381 millions
Eagle Bulk Shipping Inc -98.39%$ -98.395 millions




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