RXO posts Q2 2023 net income of $3M on $1.0B revenue; brokerage volume grows 10% YoY

RXO, Inc.

2023-Q2 EPS reported $0.03 revenue$1,973,000,000

Revenue $1.0B (down ~17% YoY); GAAP net income $3M vs $44M; adjusted EBITDA $38M vs $101M
Brokerage volume +10% YoY; set records for total volume, quarterly loads per day, monthly loads per day
Companywide gross margin 18.6%; brokerage gross margin 15.4%
Technology: 96% of loads created/covered digitally (up from 80% YoY); 7-day carrier retention 78% (up from 73%)
Expects brokerage volumes to continue YoY growth in Q3; last mile EBITDA grew YoY in Q2

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RXO, Inc. reported for the fiscal quarter ended June 30, 2023 results: revenue $1.0 billion, net income $3 million, EPS $0.03.

Period: for the fiscal quarter ended June 30, 2023
Revenue: $1.0 billion
Net income: $3 million
EPS: $0.03
Result: reported results

Exact text from the filing

earnings growth when the cycle inflects, and we remain confident in our ability to deliver our long-term adjusted EBITDA target.” Companywide Results The company’s revenue was $1.0 billion for the second quarter, compared to $1.2 billion in the second quarter of 2022. Gross margin was 18.6 percent. The company reported second-quarter 2023 GAAP net income of $3

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RXO, Inc. filing history →

Source: SEC EDGAR

accession 0001929561-23-000069

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