secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001929561-24-000098
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RXO Q2 net loss $7M; Brokerage volume up 4%, adjusted EBITDA $28M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000192956124000098/0001929561-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000192956124000098/rxo-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001929561-24-000098

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