Old Dominion Freight Line Inc., Thomasville, N.C., announced record financial results for the third quarter and nine months ended Sept. 30, 2004.
For the quarter, revenue from operations grew 21.6% to $215,117,000 from $176,873,000 for the third quarter of 2003. Net income increased 34.0% to $12,215,000 from $9,116,000. Earnings per diluted share for the third quarter of 2004 rose 31.6% to $0.50 from $0.38 for the same quarter of 2003.
The operating ratio improved to 90.0% for the quarter from 90.5% for the third quarter of 2003, the 12th consecutive comparable-quarter improvement. All prior-period share and per share data in this release have been adjusted to reflect the company's three-for-two stock split effective in May 2004.
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