RXO Q4 2022: Revenue $1.1B, GAAP net loss $4M; brokerage volume up 4% YoY

RXO, Inc.

2022-FY EPS reported $0.79 revenue$4,796,000,000

Revenue of $1.1B (down from $1.3B YoY); gross margin 19.6%, up 250 bps.
GAAP net loss $4M (includes $44M spin costs); adjusted net income $33M, adjusted EBITDA $64M.
Brokerage volume record, up 4% YoY; brokerage gross margin 17.9%, up 290 bps.
87% of brokerage loads created or covered digitally; RXO Drive app downloads up 45% to 920k.
Expects continued YoY brokerage volume growth in Q1 2023; reaffirms 2027 adjusted EBITDA target of $500M.

item 2.02 item 7.01 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

RXO, Inc. reported the fourth quarter of 2022 results: revenue $1.1 billion, net income GAAP net loss of $4 million, EPS GAAP diluted loss per share of $0.03.

Period: the fourth quarter of 2022
Revenue: $1.1 billion
Net income: GAAP net loss of $4 million
EPS: GAAP diluted loss per share of $0.03
Result: reported results

Exact text from the filing

our massive capacity and best-in-class technology, RXO remains in a great position to deliver our long-term financial targets.” Companywide Results The company’s revenue was $1.1 billion for the fourth quarter, compared to $1.3 billion in the fourth quarter of 2021. Profitability remained strong, with 19.6 percent gross margin, up 250 basis points year-over-year.

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RXO, Inc. filing history →

Source: SEC EDGAR

accession 0001929561-23-000023

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