other material
confidence high
sentiment neutral
materiality 0.75
XPO reports preliminary Q3 revenue ~$3.04B; sets long-term targets for RXO spin-off
RXO, Inc.
- XPO preliminary Q3 2022: revenue ~$3.04B, adjusted EBITDA $348-352M.
- North American LTL FY2022 adjusted operating ratio improvement lowered to 50-100 bps from at least 100 bps.
- RXO spin-off (Nov 1, 2022) target: 2027 adjusted EBITDA $475-525M.
- NA LTL long-term (2021-2027): revenue CAGR 6-8%, EBITDA CAGR 11-13%, op. ratio improvement ≥600 bps.
- Truck brokerage Q3: volume +9% YoY, margin dollars +31% YoY.