secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001929561-23-000069
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000192956123000069/0001929561-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000192956123000069/rxo-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001929561-23-000069

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