XPO reports Q2 2023 revenue $1.92B, adjusted EPS $0.71; July tonnage up 4% YoY

XPO, Inc.

2023-Q2 EPS reported $0.40 revenue$3,824,000,000

Revenue of $1.92B vs $2.05B a year ago; GAAP diluted EPS from cont ops $0.27 (down from $0.83).
Adjusted diluted EPS of $0.71 (down from $1.14); adjusted EBITDA $244M (down from $289M).
Free cash flow $5M after $126M capex; operating cash flow $131M.
North American LTL shipments per day increased YoY; July tonnage rose 4% and shipments per day rose 9%.
Company noted adjusted EBITDA beat expectations; continues LTL 2.0 investments.

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 0.95

XPO, Inc. reported second quarter 2023 results: revenue $1.92 billion, net income $31 million, EPS $0.27.

Period: second quarter 2023
Revenue: $1.92 billion
Net income: $31 million
EPS: $0.27
Result: reported results

Exact text from the filing

XPO Reports Second Quarter 2023 Results GREENWICH, Conn. – August 4, 2023 – XPO (NYSE: XPO ) today announced its financial results for the second quarter 2023, reflecting a solid performance in a soft industry environment for freight transportation. The company reported revenue of $1.92 billion and diluted earnings from continuing operations per share of $0.27.

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Source: SEC EDGAR

accession 0001104659-23-087488

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