XPO Logistics (XPO) Tops Q1 EPS by 32c, Lifts Guidance

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Go back to XPO Logistics (XPO) Tops Q1 EPS by 32c, Lifts Guidance

XPO Logistics Announces First Quarter 2022 Results

May 9, 2022 4:15 PM EDT

Reports highest revenue of any quarter in company history

Generates record first quarter net income and adjusted EBITDA

Reaffirms expected year-over-year improvement in 2022 adjusted operating ratio of more than 100 basis points in North American LTL

Delivers sixth consecutive quarter of year-over-year load growth over 20% in North American truck brokerage

Reduces net debt leverage to 2.0x from 2.7x in prior quarter

Raises full year 2022 outlook to reflect higher expectations for adjusted EBITDA

... More