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Jun 30, 2023
XPO Logistics Q2 2023 Earnings Report
XPO Logistics' performance exceeded expectations in Q2 2023 amidst a soft freight transportation environment.
Key Takeaways
XPO Logistics reported Q2 2023 revenue of $1.92 billion. The company's adjusted EBITDA was $244 million, and adjusted diluted EPS was $0.71. The company saw sequential improvement in North American LTL and increased labor efficiency.
Revenue for the second quarter 2023 was $1.92 billion, compared to $2.05 billion for the same period in 2022.
Net income from continuing operations attributable to common shareholders was $31 million for the second quarter 2023, compared with $96 million for the same period in 2022.
Operating income was $107 million for the second quarter, compared with $171 million for the same period in 2022.
Adjusted EBITDA for the second quarter 2023 was $244 million, compared with $289 million for the same period in 2022.
Forward Guidance
XPO plans to continue delivering financial and operational excellence through the disciplined execution of its LTL 2.0 plan, including ongoing investments in network capacity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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