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Mar 31, 2020
XPO Logistics Q1 2020 Earnings Report
XPO Logistics' financial performance declined in Q1 2020 due to the impact of the COVID-19 pandemic.
Key Takeaways
XPO Logistics reported a decrease in revenue, net income, and operating income for Q1 2020 compared to the same period in 2019, primarily due to the impact of the COVID-19 pandemic in mid-March. However, the company maintains a strong liquidity position and is focused on generating free cash flow.
Revenue decreased to $3.86 billion, compared to $4.12 billion in Q1 2019.
Net income attributable to common shareholders was $21 million, down from $43 million in Q1 2019.
Operating income was $81 million, compared to $132 million in Q1 2019.
The company has $2.5 billion in liquidity and is on track to generate hundreds of millions of dollars in free cash flow this year.
Forward Guidance
The company withdrew its full-year 2020 guidance on April 23, 2020 in light of the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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