RXO reports Q1 2023: revenue $1.01B (-23% YoY), GAAP EPS $0.00, adjusted EPS $0.11; $125M buyback

RXO, Inc.

2023-Q1 EPS reported $0.00 revenue$1,010,000,000

Revenue $1.01B vs $1.31B in Q1 2022; GAAP net income $0 vs $39M; adjusted net income $13M vs $45M.
Brokerage volume up 6% YoY; gross margin 16.3% flat; contract volume increased 19% YoY.
Adjusted EBITDA $37M (margin 3.7%) vs $75M (5.7%); adjusted diluted EPS $0.11.
Authorized $125M share repurchase program with no expiration; reflects balance sheet strength.
Digital brokerage loads created/covered at 96% (vs 87% Q4 2022); over 1M driver app downloads.

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.