secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001104659-23-055721
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923055721/0001104659-23-055721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923055721/tm2314516d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055721

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer