secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001929561-24-000123
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RXO Q3 revenue $1.04B; GAAP net loss $243M on Coyote costs; raises synergy to at least $40M
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- Revenue $1.04B vs $976M; GAAP net loss $243M includes $248M in Coyote transaction costs; adjusted net income $7M.
- Coyote integration ahead of schedule; cost synergy estimate raised to at least $40M; leverage ratio down >40% to 1.6x.
- Brokerage gross margin 13.7%; legacy volume -5% (LTL +13%, FTL -9%); contract FTL up >30% since Q3 2021.
- Managed Transportation new bookings >$300M; Last Mile stops +11% YoY; Q4 EBITDA guidance $40M-$45M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000192956124000123/0001929561-24-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000192956124000123/rxo-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001929561-24-000123

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