Troy Cooper
On June 10, 2024, the Board of Directors of RXO, Inc. (the “Company”) appointed Mr. Troy Cooper as a Class II Director.
Highest-materiality recent filing
RXO Q2 2026: Revenue $1.8B, Adj. EBITDA $40M, Truckload Volume +2% YoY
Revenue $1.8B (up from $1.4B YoY); GAAP net loss $9M; adjusted net income $10M; adjusted diluted EPS $0.06.
RXO Q1 net loss widens to $36M; sees Q2 adjusted EBITDA $27-37M
Revenue $1.4B, flat YoY; GAAP diluted loss $0.21/sh, adjusted loss $0.09/sh.
RXO prices $400M 6.375% Senior Notes due 2031; proceeds to redeem 7.5% 2027 notes
$400M aggregate principal at 6.375% due 2031, issued at 100.00%.
RXO to issue $400M 2031 senior notes to redeem 7.500% 2027 notes
Offering $400M aggregate principal of senior unsecured notes due 2031 in a private placement.
RXO Q4 net loss $46M ($0.27/sh), revenue $1.5B; Q1 EBITDA guidance $5M-$12M
Revenue $1.5B, down from $1.7B YoY; GAAP net loss $46M vs loss $25M; adjusted EPS loss $0.07.
RXO Q3 2025: Revenue $1.4B, GAAP net loss $14M; Q4 adj EBITDA guidance $20-30M
Revenue $1.4B (vs $1.0B in Q3 2024); GAAP net loss $14M vs $243M loss; adjusted EPS $0.01.
RXO Q2 2025 revenue $1.4B, net loss $9M, adj. EBITDA $38M; Q3 guide $33-43M
GAAP net loss $9M ($0.05 diluted loss); adjusted EPS $0.04.
RXO Q1 revenue $1.4B, loss widens; raises Coyote synergy to >$70M
Revenue $1.4B (up from $913M YoY); GAAP net loss $31M vs $15M loss prior year.
RXO Q4 revenue $1.7B, adj. EBITDA $42M; raises Coyote cost synergy to ≥$50M
GAAP net loss $20M vs net income $2M YoY; adjusted net income $10M; diluted EPS -$0.12, adj. EPS $0.06.
RXO Q3 revenue $1.04B; GAAP net loss $243M on Coyote costs; raises synergy to at least $40M
Revenue $1.04B vs $976M; GAAP net loss $243M includes $248M in Coyote transaction costs; adjusted net income $7M.
RXO files prospectus supplement for resale of 28.5M shares by selling stockholders
Filed prospectus supplement for resale of 28,514,952 shares by certain selling stockholders.
RXO completes $1.025B acquisition of Coyote Logistics from UPS
Closed on Sept 16, 2024; purchase price of $1.025 billion in cash.
RXO upsizes and prices $500M common stock offering at $26/share to fund Coyote Logistics acquisition
RXO upsized offering to $500M gross proceeds, priced 19,230,770 shares at $26.00/share; underwriter option for additional 2,884,615 shares.
RXO files Coyote Logistics financials for $1.025B acquisition from UPS
RXO to acquire Coyote Logistics (UPS's truckload brokerage) for $1.025B cash.
RXO announces $350M common stock offering to partly fund Coyote Logistics acquisition from UPS
$350M common stock offering; underwriters option for additional $52.5M.
RXO raises $550M via private placement of stock and warrants for Coyote deal
Entered purchase agreements with MFN Partners and Orbis Investments for $550M private placement.
RXO amends credit facility to add $200M term loan for Coyote acquisition, extends revolver maturity
Amendment No. 4 adds a $200 million delayed draw term facility to fund the Coyote Acquisition from UPS.
RXO Q2 net loss $7M; Brokerage volume up 4%, adjusted EBITDA $28M
Revenue $930M (down 3% YoY); GAAP diluted loss per share $0.06; adjusted EPS $0.03.
RXO acquires UPS's Coyote Logistics for $1.025B to become #3 North American freight broker
Purchase price $1.025B cash; deal expected to close by end of 2024, subject to HSR and customary conditions.
RXO reports Q1 2024 net loss of $15M, revenue down to $0.9B, brokerage volume up 11% YoY
GAAP net loss $15M (diluted loss per share $0.13) vs net income $0 in Q1 2023.
RXO reports Q4 2023 revenue $1B, adjusted EBITDA $31M, brokerage volume up 15% YoY
Q4 revenue $1.0B (down from $1.1B); GAAP net income $2M vs prior-year loss; adjusted diluted EPS $0.06.
RXO reports Q3 revenue $1B, net loss $1M; brokerage volume grows 18% YoY
Revenue $1.0B vs $1.1B YoY; GAAP net loss $1M vs income $13M; adjusted net income $6M vs $39M.
RXO posts Q2 2023 net income of $3M on $1.0B revenue; brokerage volume grows 10% YoY
Revenue $1.0B (down ~17% YoY); GAAP net income $3M vs $44M; adjusted EBITDA $38M vs $101M
RXO reports Q1 2023: revenue $1.01B (-23% YoY), GAAP EPS $0.00, adjusted EPS $0.11; $125M buyback
Revenue $1.01B vs $1.31B in Q1 2022; GAAP net income $0 vs $39M; adjusted net income $13M vs $45M.
RXO Q4 2022: Revenue $1.1B, GAAP net loss $4M; brokerage volume up 4% YoY
Revenue of $1.1B (down from $1.3B YoY); gross margin 19.6%, up 250 bps.
RXO completes spin-off from XPO, begins NYSE trading as standalone public company
XPO stockholders received 1 RXO share for each XPO share held as of Oct 20, 2022; distribution tax-free for US federal income tax.
RXO closes $355M notes offering at 7.500% due 2027 to fund spin-off from XPO
$355M aggregate principal of 7.500% notes due Nov 15, 2027, issued at 98.962% of par.
RXO spin-off from XPO effective; shares to trade Nov 1 under ticker RXO
Registration statement on Form 10 effective Oct 17; final information statement dated Oct 17.
RXO enters $600M in credit facilities ($500M revolver, $100M term loan) ahead of spin-off from XPO
Revolving credit agreement: $500M unsecured multicurrency facility, 5-year term, with $50M letter of credit sublimit.
XPO reports preliminary Q3 revenue ~$3.04B; sets long-term targets for RXO spin-off
XPO preliminary Q3 2022: revenue ~$3.04B, adjusted EBITDA $348-352M.
On June 10, 2024, the Board of Directors of RXO, Inc. (the “Company”) appointed Mr. Troy Cooper as a Class II Director.
Each of Brad Jacobs, Michelle Nettles, Mary Kissel, Drew Wilkerson, Christine Breves, AnnaMaria DeSalva, Adrian Kingshott and Stephen Renna was elected as a director of the company
Each of Brad Jacobs, Michelle Nettles, Mary Kissel, Drew Wilkerson, Christine Breves, AnnaMaria DeSalva, Adrian Kingshott and Stephen Renna was elected as a director of the company
Michelle Nettles was appointed lead independent director of the board
each of Christopher Signorello and Ravi Tulsyan, who had been serving as a member of the board, ceased to be a director of the company.
each of Christopher Signorello and Ravi Tulsyan, who had been serving as a member of the board, ceased to be a director of the company.
Each of Brad Jacobs, Michelle Nettles, Mary Kissel, Drew Wilkerson, Christine Breves, AnnaMaria DeSalva, Adrian Kingshott and Stephen Renna was elected as a director of the company
Each of Brad Jacobs, Michelle Nettles, Mary Kissel, Drew Wilkerson, Christine Breves, AnnaMaria DeSalva, Adrian Kingshott and Stephen Renna was elected as a director of the company
Mary Kissel was appointed vice chairman of the board
Brad Jacobs was appointed chairman of the board
Each of Brad Jacobs, Michelle Nettles, Mary Kissel, Drew Wilkerson, Christine Breves, AnnaMaria DeSalva, Adrian Kingshott and Stephen Renna was elected as a director of the company
Max materiality 0.90 · Median 0.65 · Most common event earnings