XPO Logistics Q4 2023 Earnings Report
Key Takeaways
XPO Logistics reported a 6% increase in revenue and a 28% increase in adjusted EBITDA year-over-year, excluding real estate gains from 2022. The company's North American LTL segment saw significant improvements in yield, operating income, and operating ratio. Diluted earnings per share were $0.49, and adjusted diluted earnings per share were $0.77.
Revenue increased by 6% year-over-year, driven by higher yield and tonnage per day in the North American LTL segment.
Net income from continuing operations was $58 million, a significant improvement from the $36 million net loss in the same period of 2022.
North American LTL segment yield growth, excluding fuel, was 10.3%, with a 51% increase in adjusted operating income.
The company improved its damage claims ratio to a new company record of 0.3%.
XPO Logistics
XPO Logistics
XPO Logistics Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income