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Jun 30, 2024
XPO Logistics Q2 2024 Earnings Report
XPO Logistics reported a strong second quarter of earnings growth, driven by revenue increase and improved efficiency.
Key Takeaways
XPO Logistics reported a strong second quarter with a 9% increase in revenue and significant growth in adjusted EBITDA and adjusted diluted EPS. The company's North American LTL segment showed improved service levels and cost efficiency, contributing to a substantial increase in adjusted operating income.
Revenue increased by 9% year-over-year, reaching $2.08 billion.
Adjusted EBITDA grew by 41% year-over-year to $343 million.
Adjusted diluted EPS increased by 58% year-over-year to $1.12.
North American LTL segment improved adjusted operating ratio by 440 basis points to 83.2%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
XPO Logistics is focused on becoming the LTL service leader in North America by building its service offering, investing in capacity ahead of demand, and operating more efficiently, which is expected to create a long runway for future margin expansion.
Positive Outlook
- Continued delivery of service at record levels.
- Best damage claims ratio in company history.
- Above-market yield growth, ex-fuel.
- Increase in tonnage per day.
- Efficient cost management through reduced purchased transportation and increased labor productivity.
Challenges Ahead
- Potential impacts from business, economic, political, legal, and regulatory factors.
- Risks associated with supply chain disruptions and shortages.
- Challenges in aligning investments in capital assets with customer demands.
- Dependence on successful implementation of cost and revenue initiatives.
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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