XPO just delivered another impressive earnings report.Trucking stocks don't get a lot of attention these days, but savvy investors know that there's opportunity in every sector.XPO (XPO -0.26%) represents a great example of that principle. During a time when much of the freight transportation sector has been mired in a recession, XPO has delivered phenomenal growth for investors thanks to investments and improvements in the business. In fact, the stock has doubled in the last year, and the company has consi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ Form 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from____________to____________ Commission File Number: 001-32172 ______ ...

Financial Data and Key Metrics Changes - Company-wide revenue grew year-over-year by 4% to $2.1 billion, with adjusted EBITDA increasing by 20% to $333 million, and adjusted diluted EPS rising by 16% to $1.02 [7][24][26] - The adjusted operating ratio improved by 200 basis points year-over-year to 84.2%, marking the highest end of the target range [8][35] Business Line Data and Key Metrics Changes - In the LTL segment, revenue increased by 2% year-over-year, with adjusted EBITDA growing by 18% to $284 million [21][24] - Yield excluding fuel in the LTL segment grew by 6.7% year-over-year, contributing to margin improvement [12][34] - European Transportation segment revenue increased by 7% year-over-year, with the strongest performance in the U.K. showing mid-teens organic revenue growth [16][17] Market Data and Key Metrics Changes - The company reported a 3.2% decline in overall shipments per day, but local channel shipments increased by over 10% [31][32] - Tonnage per day declined by 3.9%, tracking seasonality and outperforming the industry [32][33] Company Strategy and Development Direction - The company focuses on four strategic levers: service quality, yield growth, investments in the network, and cost efficiency [8] - Significant investments have been made in capacity, including adding nearly 15,000 trailers and over 4,000 tractors to the fleet [10] - The company aims to achieve an adjusted operating ratio improvement of 150 to 250 basis points for the full year [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform the market despite a soft freight environment, citing strong pricing and service improvements [18][19] - The company anticipates a strong year in 2025, driven by ongoing service improvements and premium offerings [63][66] Other Important Information - The company ended the quarter with $378 million in cash and $934 million in total liquidity, with a net debt leverage ratio of 2.5 times trailing 12 months adjusted EBITDA [27][28] - The company has opened 21 of the 28 service centers acquired last December, with expectations to open the remaining centers by early next year [11] Q&A Session Summary Question: Pricing gap and volume trends - Management noted a mid-teens pricing gap compared to best-in-class, with improvements driven by service quality and premium offerings [40][41] - Volume trends in October were down approximately 8%, normalized for a cyberattack impact [44][45] Question: Pricing upside and margin outlook - Management indicated a constructive pricing environment, with renewals up high-single digits and expectations for continued strong pricing [46][50] - The company expects to outperform the market in terms of margin improvement, with a focus on local accounts and accessorial revenue [52][54] Question: Service improvements and future initiatives - Management highlighted a significant reduction in damage claims and ongoing improvements in on-time performance [54][56] - Future initiatives include expanding premium services and enhancing service quality through insourcing [60][66] Question: 2025 outlook and operational efficiency - Management expects a strong year in 2025, with continued improvements in operating ratio and earnings growth [63][66] - New service centers are expected to be OR-neutral in 2024 and OR-accretive in subsequent years [71][74]

For the quarter ended September 2024, XPO (XPO) reported revenue of $2.05 billion, up 3.7% over the same period last year. EPS came in at $1.02, compared to $0.88 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.01 billion, representing a surprise of +2.29%. The company delivered an EPS surprise of +14.61%, with the consensus EPS estimate being $0.89.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

XPO (XPO) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.61%. A quarter ago, it was expected that this freight management company would post earnings of $1.01 per share when it actually produced earnings of $1.12, delivering a surprise of 10.89%.Over the last four quarters, the co ...

Exhibit 99.1 Third Quarter 2024 Summary Results | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|-------------------------------------------------------|-----------------|-------|-------|----------|------------------|------------------| | (in millions, except for per-share data) | Diluted WeightedAverage Common Outstanding \n2024 | Shares \n2023 | | 2024 | Adjusted | Diluted \n2023 | EPS \nChange % | | Total | 120 | 119 | $ | 1.02 | $ | 0.88 | 15.9% | T ...

GREENWICH, Conn., Oct. 30, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) today announced its financial results for the third quarter 2024. The company reported diluted earnings from continuing operations per share of $0.79, compared with $0.72 for the same period in 2023, and adjusted diluted earnings from continuing operations per share of $1.02, compared with $0.88 for the same period in 2023. Third Quarter 2024 Summary Results | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------- ...

GREENWICH, Conn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, has been named one of "America's Most Reliable Companies" for 2025 by Newsweek magazine. The inaugural list recognizes U.S.-based companies that stand out for consistent service and dependability. XPO is one of the highest-ranked transportation companies cited by Newsweek. Mario Harik, chief executive officer of XPO, said, "Our team is committed to providing world-class service ...

Wall Street expects a year-over-year increase in earnings on higher revenues when XPO (XPO) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are better than expectat ...

GREENWICH, Conn., Oct. 02, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its third quarter conference call and webcast on Wednesday, October 30, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com. Access information: Call toll-free from US/Canada: 1-877-269-7756 International callers: +1-201-689-7817 Live webcast online at: www.xpo.com/investors A replay of the conference call will be available until November 29, 2024, by calling tol ...