RXO reports Q3 revenue $1B, net loss $1M; brokerage volume grows 18% YoY

RXO, Inc.

2023-Q3 EPS reported $0.02 revenue$2,949,000,000

Revenue $1.0B vs $1.1B YoY; GAAP net loss $1M vs income $13M; adjusted net income $6M vs $39M.
Adjusted EBITDA $26M vs $66M; adjusted diluted EPS $0.05.
Brokerage volume +18% YoY; full-truckload +13%, LTL +55%; gross margin 15.1%.
Revolver increased from $500M to $600M, term loan repaid; saves >$1M/year interest.
97% of brokerage loads created/covered digitally vs 81% YoY; carrier retention 77%.

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 0.9

RXO, Inc. reported third quarter of 2023 results: revenue $1.0 billion, net income $1 million, EPS $0.01.

Period: third quarter of 2023
Revenue: $1.0 billion
Net income: $1 million
EPS: $0.01
Result: reported results

Exact text from the filing

The company’s revenue was $1.0 billion for the third quarter, compared to $1.1 billion in the third quarter of 2022.

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RXO, Inc. filing history →

Source: SEC EDGAR

accession 0001929561-23-000090

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