RXO(RXO) - 2024 Q3 - Quarterly Results
RXO(RXO)2024-11-07 11:02
Exhibit 99.1 RXO RXO Reports Third-Quarter Results with Coyote Integration Ahead of Schedule and Complementary Services Momentum • Coyote acquisition completed September 16; integration well underway and progressing smoothly. Raising annualized cost synergy estimate to at least $40 million. • Strengthened balance sheet while financing Coyote acquisition; combined company leverage ratio decreased by more than 40% • Companywide gross margin of 17.3%; Brokerage gross margin of 13.7% • Managed Transportation wa ...