secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001929561-23-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000192956123000054/0001929561-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000192956123000054/rxo-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001929561-23-000054

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