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Mar 31, 2022
XPO Logistics Q1 2022 Earnings Report
XPO Logistics reported record first quarter revenue and net income, driven by growth in truck brokerage and strong pricing.
Key Takeaways
XPO Logistics announced record first quarter results, with revenue increasing to $3.47 billion and net income reaching $489 million. The company is executing on value creation strategies, including the spin-off of its tech-enabled brokered services platform and the sale or listing of its European business. They also raised full year 2022 outlook to reflect higher expectations for adjusted EBITDA.
Revenue increased to $3.47 billion, the highest in company history.
Net income from continuing operations attributable to common shareholders was $489 million.
Adjusted diluted earnings per share increased to $1.25.
The company reaffirms expected year-over-year improvement in 2022 adjusted operating ratio of more than 100 basis points in North American LTL.
XPO Logistics
XPO Logistics
XPO Logistics Revenue by Segment
Revenue by Segment
North American Less-Than-Truckload Revenue
CapyFin.comEuropean Transportation Revenue
CapyFin.com Forward Guidance
The company raised its 2022 target for adjusted EBITDA, and updated the underlying metrics, to reflect its higher expectations for 2022 financial performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income