LTL carrier Old Dominion Freight Line Inc., Thomasville, N.C., on Thursday announced record financial results for the fourth quarter and year

ended December 31, 2004.
For the quarter, revenue from operations increased 28.8% to $224,036,000 from $173,976,000 for the fourth quarter of 2003. Net income rose 37.2% to $10,604,000 for the fourth quarter of 2004 from $7,728,000 for the fourth quarter of 2003, while earnings per diluted share increased to $0.43, up 34.4% from $0.32. Old Dominion’s operating ratio improved to 91.4% for the latest quarter from 92.2% for the fourth quarter of 2003.
The company’s results for the fourth quarter of 2004 reflect an unfavorable jury verdict against the company in a personal injury case that negatively impacted net income by $0.03 per share. 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.
Revenue from operations for 2004 increased 23.4% to $824,051,000 from $667,531,000 for 2003. Net income increased 41.3% to $38,992,000 from $27,600,000, and earnings per diluted share increased 39.1% to $1.60 from $1.15. The Company’s operating ratio improved to 91.4% for 2004 from 92.3% for
2003.
For more information, visit www.odfl.com.