secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001929561-24-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RXO reports Q1 2024 net loss of $15M, revenue down to $0.9B, brokerage volume up 11% YoY
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- GAAP net loss $15M (diluted loss per share $0.13) vs net income $0 in Q1 2023.
- Revenue $0.9B vs $1.0B YoY; adjusted EBITDA $15M vs $37M.
- Brokerage volume +11% YoY (truckload +8%, LTL +29%); gross margin 14.2%.
- Q2 2024 outlook: adjusted EBITDA $24M-$30M, brokerage gross margin 13%-15%.
- Companywide gross margin 17.4% vs 18.7% YoY; complementary services margin 20.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000192956124000075/0001929561-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000192956124000075/rxo-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001929561-24-000075

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