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Mar 31, 2024
XPO Logistics Q1 2024 Earnings Report
XPO Logistics' first quarter financial results exceeded expectations, driven by strong performance in North American LTL and continued rationalization of corporate overhead costs.
Key Takeaways
XPO Logistics reported strong first quarter 2024 results, with revenue up 6% year-over-year to $2.02 billion. The company's adjusted diluted EPS increased by 45% to $0.81, and adjusted EBITDA grew by 37% to $288 million. North American LTL segment saw a 50% increase in adjusted operating income and a 390-basis-point improvement in adjusted operating ratio.
Revenue increased by 6% year-over-year, reaching $2.02 billion.
Adjusted diluted EPS grew by 45% year-over-year, amounting to $0.81.
Adjusted EBITDA increased by 37% year-over-year, totaling $288 million.
North American LTL segment's adjusted operating ratio improved by 390 basis points to 85.7%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance provided in the current report.
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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