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Dec 31, 2020
XPO Logistics Q4 2020 Earnings Report
Reported double-digit year-over-year growth in revenue and operating income for the fourth quarter.
Key Takeaways
XPO Logistics announced strong Q4 2020 results with revenue increasing to $4.67 billion and operating income reaching $228 million. The company's investments in people and technology drove the highest quarterly revenue in its history, with significant growth in truck brokerage and LTL sectors. XPO Logistics issued 2021 guidance for 24% to 29% year-over-year growth in adjusted EBITDA.
Revenue increased to $4.67 billion, compared to $4.14 billion in Q4 2019.
Operating income was $228 million, up from $202 million in Q4 2019.
Adjusted EBITDA reached $449 million, compared to $432 million in the same period last year.
The company generated $91 million of free cash flow for the quarter.
Forward Guidance
The company issued full-year 2021 targets, anticipating adjusted EBITDA of $1.725 billion to $1.8 billion, reflecting year-over-year growth of 24% to 29%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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