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Sep 30, 2024
XPO Logistics Q3 2024 Earnings Report
XPO Logistics reported strong year-over-year earnings growth due to improvements in a soft freight environment.
Key Takeaways
XPO Logistics reported Q3 2024 earnings with revenue of $2.05 billion, up from $1.98 billion in the same period last year. The company's diluted earnings per share increased to $0.79 from $0.72, and adjusted diluted EPS rose to $1.02 from $0.88. Adjusted EBITDA increased by 20% to $333 million.
Increased adjusted EBITDA by 20% company-wide.
Increased adjusted diluted EPS by 16%.
North American LTL adjusted operating income grew by 17%.
Achieved an adjusted operating ratio of 84.2% in North American LTL, a 200 basis points improvement year-over-year.
XPO Logistics
XPO Logistics
XPO Logistics Revenue by Segment
Forward Guidance
XPO is delivering strong results for 2024 and positioning the business to accelerate earnings growth when the freight market recovers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income