Old Dominion Sets $200 Million Stock Buyback

Discussion in 'Old Dominion Freight Line' started by Mike, Nov 10, 2014.

  1. Mike

    Mike Well-Known Member Staff Member

    Old Dominion Freight Line said Nov. 10 its board approved a stock repurchase program authorizing the company to repurchase up to $200 million of its outstanding common stock in the next 24 months.

    “Our management team and [board] believe that Old Dominion is well-positioned to achieve further profitable growth while also generating significant cash flow from operations,” said CEO David Congdon.

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