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NEWS
Old Dominion Freight Line Third-Quarter Earnings Increase 28%
10/21/2005
Old Dominion Freight Line, Inc. announced record financial results for the third quarter and nine months ended September 30, 2005. Revenue from operations increased 27.9% to $275,076,000 for the third quarter from $215,117,000 for the third quarter of 2004. Net income grew 30.5% to $15,935,000 from $12,215,000. Earnings per diluted share were $0.64 for the latest quarter, a 28.0% increase from $0.50 for the third quarter last year. Old Dominion's operating ratio improved to 89.5% for the third quarter of 2005 from 90.0% for the third quarter of 2004.
For the first nine months of 2005, revenue from operations was $776,192,000, up 29.4% from $600,015,000 for the comparable period in 2004. Net income increased 38.1% to $39,194,000 from $28,388,000 for the comparable 2004 period. Earnings per diluted share for the first nine months of 2005 increased 35.0% to $1.58 from $1.17 for the first nine months of 2004, and the operating ratio improved to 90.8% from 91.4%.
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