RXO Q4 2022 Earnings Report
Key Takeaways
RXO's Q4 2022 revenue was $1.1 billion. Companywide gross margin was 19.6 percent, up 250 basis points year-over-year. The company reported a GAAP net loss of $4 million, compared to net income of $42 million in the fourth quarter of 2021.
Companywide gross margin was 19.6 percent, up 250 basis points year-over-year; brokerage profitability remained strong with 17.9 percent gross margin in the fourth quarter, up 290 basis points year-over-year
Brokerage volume increased by 4% year-over-year and set a company record for loads per day
Downloads of RXO Driveâ„¢ app increased 45% year-over-year, and 87% of loads in the quarter were created or covered digitally
Company expects continued year-over-year brokerage volume growth in the first quarter of 2023, driven by strong sales pipeline
RXO
RXO
RXO Revenue by Segment
Forward Guidance
The company expects brokerage volumes to continue to grow on a year-over-year basis in the first quarter of 2023.
Positive Outlook
- Continued year-over-year brokerage volume growth expected in Q1 2023
- Strong sales pipeline
Revenue & Expenses
Visualization of income flow from segment revenue to net income