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Sep 30, 2020
XPO Logistics Q3 2020 Earnings Report
XPO Logistics reported a dramatic rebound across service offerings and geographies.
Key Takeaways
XPO Logistics' third quarter results showed a significant rebound with revenue increasing to $4.22 billion, and adjusted EBITDA reaching $439 million. The company's growth was broad-based across service offerings and geographies, driven by supply chain outsourcing and e-commerce.
Revenue increased to $4.22 billion, compared to $4.15 billion for Q3 2019.
Net income attributable to common shareholders was $84 million.
Operating ratio for LTL was a quarterly record at 81.7%.
The company had access to approximately $3.1 billion of total liquidity, including $2.0 billion of cash and cash equivalents.
Forward Guidance
The company expects to generate adjusted EBITDA and free cash flow for the fourth quarter and full year 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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