XPO Logistics Q3 2021 Earnings Report
Key Takeaways
XPO Logistics announced its Q3 2021 financial results, reporting the highest revenue of any quarter in the company's history. Revenue increased to $3.27 billion, with adjusted diluted earnings per share of $0.94. The company also updated its full-year 2021 guidance based on higher-than-expected growth.
Revenue increased to $3.27 billion for the third quarter, compared to $2.68 billion for the same period in 2020.
Adjusted diluted earnings per share was $0.94 for the third quarter, compared to $0.42 for the same period in 2020.
The company generated $250 million of cash flow from operating activities and $185 million of free cash flow.
XPO is executing a company-specific action plan to enhance network efficiencies and drive growth in its high-ROIC LTL business.
XPO Logistics
XPO Logistics
XPO Logistics Revenue by Segment
Forward Guidance
XPO Logistics raised its 2021 guidance for full-year adjusted EBITDA to $1.228 billion to $1.233 billion, including a fourth-quarter adjusted EBITDA increase to $300 million to $305 million.