XPO Logistics Q2 2020 Earnings Report
Key Takeaways
XPO Logistics reported a revenue of $3.50 billion, a net loss of $132 million, and an adjusted net loss of $57 million. The company generated $214 million in cash flow from operations and $121 million in free cash flow. They anticipate at least $350 million of adjusted EBITDA in Q3 2020.
Revenue was $3.50 billion, compared to $4.24 billion for the same period in 2019.
Net loss attributable to common shareholders was $132 million, or a diluted loss per share of $1.45.
Adjusted EBITDA was $172 million, which includes $48 million of net incremental costs related to the COVID-19 pandemic.
Generated $214 million of cash flow from operations and $121 million of free cash flow.
XPO Logistics
XPO Logistics
XPO Logistics Revenue by Segment
XPO Logistics Revenue by Geographic Location
Forward Guidance
The company expects to generate at least $350 million of adjusted EBITDA in the third quarter 2020, based on current market conditions.