XPO Q3: Operating income up 65% YoY to $185M; adjusted EPS $1.45 vs $0.94

XPO, Inc.

2022-Q3 EPS reported $6.57 revenue$9,747,000,000

Revenue $3.04B, down 7% YoY but up 3% excluding sold intermodal operation.
Net income from continuing ops $131M vs $21M; diluted EPS $1.13 vs $0.19.
Adjusted EBITDA $352M vs $307M; free cash flow $142M in the quarter.
LTL tonnage improved each month through Q3, turned positive YoY in September.
North American truck brokerage volume grew 9% year-over-year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XPO, Inc. reported fiscal quarter ended September 30, 2022 results: revenue $3.04 billion, net income $131 million, EPS $1.13.

Period: fiscal quarter ended September 30, 2022
Revenue: $3.04 billion
Net income: $131 million
EPS: $1.13
Result: reported results

Exact text from the filing

Revenue was $3.04 billion for the third quarter, compared with $3.27 billion for the same period in 2021. Excluding third quarter 2021 revenue from the company’s intermodal operation, which was sold in March 2022, third quarter 2022 revenue increased year-over-year by 3%. Net income from continuing operations attributable to common shareholders was $131 million for the third quarter, compared with $21 million for the same period in 2021. Operating income was $185 million for the third quarter, compared with $112 million for the same period in 2021. Diluted earnings from continuing operations per share was $1.13 for the third quarter, compared with $0.19 for the same period in 2021.

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Source: SEC EDGAR

accession 0001104659-22-112634

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