XPO Q4 2023: Revenue up 6% YoY to $1.94B; adjusted EPS $0.77 beats expectations

XPO, Inc.

2023-FY EPS reported $1.60 revenue$7,744,000,000

Revenue $1.94B (+6% YoY); diluted EPS $0.49 vs ($0.31) loss; adjusted EPS $0.77 vs $0.98.
NA LTL adj. operating ratio improved 380 bps to 86.5%; yield ex-fuel up 10.3%; shipments per day +5.7%.
Adj. EBITDA $264M flat YoY; prior period included $55M real estate gains; ex-gains adj. EBITDA +32%.
European Transportation operating loss narrowed to $2M from $60M loss; revenue up 2%.

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 fourth quarter 2023 results: revenue $1.94 billion, net income $58 million, EPS $0.49.

Period: fourth quarter 2023
Revenue: $1.94 billion
Net income: $58 million
EPS: $0.49
Result: reported results

Exact text from the filing

For the fourth quarter 2023, revenue was $1.94 billion, compared to $1.83 billion for the same period in 2022. The year-over-year increase in revenue was due primarily to higher yield, excluding fuel, and an increase in tonnage per day in the North American LTL segment, partially offset by lower fuel surcharge revenue. Net income from continuing operations was $58 million for the fourth quarter, compared with a net loss of $36 million for the same period in 2022. Operating income was $119 million for the fourth quarter, compared with $4 million for the same period in 2022. Diluted earnings from continuing operations per share was $0.49 for the fourth quarter, compared with a loss per share of $0.31 for the same period in 2022.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

XPO, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-011358

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.