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Mar 31, 2021
XPO Logistics Q1 2021 Earnings Report
XPO Logistics reported record first quarter performance, driven by revenue growth and improved profitability in both transportation and logistics segments.
Key Takeaways
XPO Logistics announced its financial results for the first quarter 2021, reporting the highest revenue of any quarter in XPO’s history. Revenue increased to $4.77 billion, net income attributable to common shareholders was $115 million, and adjusted EBITDA increased to $443 million.
Reported highest revenue of any quarter in XPO’s history.
Generated record first quarter net income and adjusted EBITDA.
Increased first quarter brokerage revenue by 83% year-over-year.
Improved first quarter adjusted operating ratio in North American less-than-truckload by 220 basis points year-over-year to 84.3%.
Revenue by Segment
Forward Guidance
XPO Logistics expects to grow its 2021 adjusted EBITDA by 31% to 35% year-over-year to a range of $1.825 billion to $1.875 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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