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Dec 31, 2022
RXO Q4 2022 Earnings Report
RXO delivered a strong fourth quarter driven by brokerage volume growth.
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 Drive™ 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
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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