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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.5B | 2.7% |
Gross Profit | 667M | 4% |
Cost of Revenue | 832M | 1.7% |
Operating expense | 161M | 7% |
Net Income | 322M | 10.2% |
EBITDA | 506M | 7.5% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 5.34B | 5.5% |
Total Liabilities | 1.23B | 1.5% |
Total Equity | 4.11B | 6.6% |
Shares Outstanding | 215M | 1.3% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 388M | 8.5% |
Cash from investing | -265M | 124.5% |
Cash from financing | -630M | 296.6% |
EPS
Financial Highlights for Old Dominion in Q2 '24
Old Dominion reported a revenue of 1.5B, which is a 2.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 667M, marking a 4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 832M, a 1.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 161M, showing a -7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 322M, showing a 10.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 506M, showing a 7.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Old Dominion with growth in revenue, gross profit, and net income.