---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-055721"
form_type: "8-K"
ticker: "XPO"
cik: "0001166003"
company_name: "XPO, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T20:37:22.063129+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# XPO Q1 2023: Revenue $1.91B (+1% YoY), adjusted EPS $0.56 (+22% YoY)

## Summary
- Diluted GAAP EPS from cont ops $0.15 vs $0.28 YoY; net income $17M vs $32M.
- Adjusted diluted EPS $0.56, up 22%; adjusted EBITDA $210M, up 14% YoY.
- North American LTL shipments per day grew YoY; tonnage impacted by soft demand.
- Free cash flow used $140M after $216M net capex; operating cash flow $76M.
- Highest first-quarter LTL service quality in over a decade; new COO Dave Bates.

## SEC filing metadata
- accession: 0001104659-23-055721
- form_type: 8-K
- ticker: XPO
- cik: 0001166003
- company_name: XPO, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166003/000110465923055721/0001104659-23-055721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166003/000110465923055721/tm2314516d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-055721
- JSON: https://secwatch.observer/filing/0001104659-23-055721.json
- Plain text: https://secwatch.observer/filing/0001104659-23-055721.txt

## Key facts
- Earnings Releases
  XPO, Inc. reported the fiscal quarter ended March 31, 2023 results: revenue $1.91 billion, net income $17 million, EPS $0.15.
  - Period: the fiscal quarter ended March 31, 2023
  - Revenue: $1.91 billion
  - Net income: $17 million
  - EPS: $0.15
  - Result: reported results
  source text: LTL service quality in over a decade GREENWICH, Conn. – May 4, 2023 – XPO (NYSE: XPO) today announced its financial results for the first quarter 2023. Revenue increased to $1.91 billion for the quarter, compared with $1.89 billion for the same period in 2022. Mario Harik, chief executive officer of XPO, said, “We delivered a solid quarter in a challenging
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166003/000110465923055721/0001104659-23-055721-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.