earnings
confidence high
sentiment negative
materiality 0.75
RXO Q2 net loss $7M; Brokerage volume up 4%, adjusted EBITDA $28M
RXO, Inc.
2024-Q2 EPS reported
-$0.19
revenue$1,843,000,000
- Revenue $930M (down 3% YoY); GAAP diluted loss per share $0.06; adjusted EPS $0.03.
- Adjusted EBITDA $28M vs $38M YoY; margin 3.0% vs 3.9%; Q3 guidance $28-34M.
- Brokerage volume +4% YoY; LTL up 40%, full truckload down 2%; gross margin 14.7%.
- Last Mile stops grew 7% YoY (fastest in 2 years); Managed Transportation awarded >$200M freight under management.
- Coyote Logistics acquisition on track to close in first half of Q4 2024.