RXO(US:RXO)2025-05-07 10:36Financial Performance - RXO reported Q1 2025 adjusted EBITDA of $22 million[13] compared to $15 million in Q1 2024[12] - Q1 2025 revenue reached $1433 million, a 56.9% increase from $913 million in Q1 2024[12] - RXO reported Q1 2025 adjusted diluted EPS of $(003)[31] which is the same as Q1 2024[30] - The company's gross margin was 160% in Q1 2025, down from 174% in Q1 2024[12] Synergy and Integration - RXO is raising its synergy target to >$70 million, including $60 million in operating expense synergies and $10 million in capital expenditure synergies[29] - The migration of Coyote carrier and coverage operations to the RXO Connect platform was completed on May 1[23, 27] - Technology integration is expected to be substantially complete by the end of Q3[23] Volume and Market Trends - Truckload revenue per load was up 4% year-over-year[42] - LTL volume increased by 26% year-over-year, representing 25% of the total volume[19] - Last Mile stop growth accelerated to 24% year-over-year[19] Q2 2025 Outlook - RXO anticipates adjusted EBITDA to be between $30 million and $40 million[54] - The company expects brokerage volume to be down low-single-digit % year-over-year[54] - Brokerage gross margin is projected to be between 13% and 15%[54]