Old Dominion records rising quarterly revenue

2 hours ago

(AWP Alliance News) - The following is a round-up of updates by global companies, issued on Wednesday and not separately reported by Alliance News:

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Old Dominion Freight Line Inc - Thomasville, North Carolina-based less-than-truckload shipping company - Notes third-quarter revenue of USD1.59 billion, up 13% from USD1.41 billion the year before. Operating income jumped 25% to USD452.6 million from USD360.8 million the year before. Net income rose 27% to USD343.7 million from USD270.9 million. Diluted earnings per share jumped 29% to USD1.65 from USD1.28 the year prior. "Old Dominion produced another quarter of strong, profitable revenue growth," says Marty Freeman, president and chief executive officer of Old Dominion. "Our unwavering commitment to providing our customers with the highest standard of service has created an unmatched value proposition in our industry and supports our ongoing focus on revenue quality."

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Amphenol Corp - Wallingford, Connecticut-based electronic and fibre optic connector company - Notes third-quarter net sales of USD10.23 billion, up 65% from USD6.19 billion. Gross profit rises 70% to USD4.02 billion from USD2.36 billion the year before. Operating income rises 78% to USD3.02 billion from USD1.70 billion the year before. Net income rises 64% to USD2.05 billion from USD1.26 billion. Diluted earnings per common share rise to USD0.79, up 61% from USD0.49 the year before. Looking forward, Amphenol expects fourth-quarter sales to range between USD10.3 billion to USD10.5 billion. Adjusted diluted EPS is expected to range between USD0.81 and USD0.83 in the fourth quarter. For the full year of 2026, the company expects sales to range between USD35.9 billion and USD37.1 billion, while full-year adjusted diluted EPS is expected between USD2.82 to USD2.84.

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Knorr-Bremse AG - Munich, Germany-based braking systems manufacturer - Notes revenue for the third quarter rises 9.0% to EUR2.05 billion from EUR1.88 billion the year before. Order intake rises to EUR2.05 billion, up 4.9% from EUR1.96 billion the year before. Earnings before interest and tax rose 29% to EUR281 million from EUR218 million the year before, while operating Ebit rose 19% to EUR299 million from EUR251 million. Free cash flow jumped 50% to EUR238 million from EUR159 million the year prior. Looking forward, the company expects full-year outlook to be at the upper end of the guidance range, with revenues expected to range between EUR8.1 billion and EUR8.3 billion, an operating Ebit margin of 14% to 14.5% and a free cash flow between EUR750 million and EUR850 million. "Knorr-Bremse continues to deliver, even in a challenging environment," says Marc Llistosella, chief executive of Knorr-Bremse.

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By John Robaina, Alliance News reporter

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