secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001929561-23-000090
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000192956123000090/0001929561-23-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000192956123000090/rxo-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001929561-23-000090

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