RXO reports Q4 2023 revenue $1B, adjusted EBITDA $31M, brokerage volume up 15% YoY

RXO, Inc.

2023-FY EPS reported $0.03 revenue$3,927,000,000

Q4 revenue $1.0B (down from $1.1B); GAAP net income $2M vs prior-year loss; adjusted diluted EPS $0.06.
Brokerage volume grew 15% YoY; full truckload +11%, less-than-truckload +45%.
Adjusted EBITDA $31M (margin 3.2%) vs $64M prior year, reflecting soft freight market.
Contract volume up 23% YoY; sales pipeline up 24%; expects continued YoY volume growth in Q1 2024.
Technology: 97% of brokerage loads created/covered digitally; 7-day carrier retention 76% (+200 bps).

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 0.95

RXO, Inc. reported the fourth quarter and full year of 2023 results: revenue $1.0 billion, net income $2 million, EPS $0.02.

Period: the fourth quarter and full year of 2023
Revenue: $1.0 billion
Net income: $2 million
EPS: $0.02
Result: reported results

Exact text from the filing

combined with our strong brokerage sales pipeline, will position RXO to deliver rapid earnings growth when the market inflects.” Companywide Results The company’s revenue was $1.0 billion for the fourth quarter, compared to $1.1 billion in the fourth quarter of 2022. Gross margin was 18.0 percent, compared to 19.5 percent in the fourth quarter of 2022. The company

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RXO, Inc. filing history →

Source: SEC EDGAR

accession 0001929561-24-000025

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