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RXO, Inc. (RXO)
NYSE:RXO
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.05Last Year’s EPS
0.06Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 07, 2023
|% Change Since: -20.97%
|Next Earnings Date:Nov 30, 2022
Earnings Call Sentiment|Neutral
The earnings call highlights RXO's successful acquisition of Coyote Logistics, strong financial performance, and growth in complementary services. However, challenges such as a soft freight market, automotive sector headwinds, and increased purchase transportation costs were notable.Company Guidance
During the RXO Q3 2024 earnings call, the company provided guidance highlighting several key metrics. RXO completed the acquisition of Coyote Logistics, increasing its long-term earnings power and raising its cost synergy estimate to at least $40 million, up from an initial $25 million. The acquisition decreased RXO's leverage by more than 40%, strengthening its balance sheet. The company reported an adjusted EBITDA of $33 million, with a gross margin of 17.3% and adjusted free cash flow at $27 million, representing an 87% conversion from adjusted EBITDA. Legacy RXO saw a 5% decline in brokerage volume year-over-year, with full truckload volume down 9% and less-than-truckload volume up 13%. Complementary services grew, with Managed Transportation securing over $300 million in freight under management. RXO expects to generate between $40 million and $45 million in adjusted EBITDA for Q4, anticipating a muted peak season and continued market softness.Transformative Acquisition of Coyote Logistics
RXO completed the acquisition of Coyote Logistics, ahead of schedule, anticipating at least $40 million in cost synergies, up from initial estimates of $25 million.
Strong Financial Performance
RXO delivered adjusted EBITDA of $33 million, exceeding expectations, and achieved a gross margin of 17.3%.
Growth in Complementary Services
Significant new customer wins in Managed Transportation, with $300 million in freight under management awarded in Q3 and an expectation of $400 million in Q4.
Reduced Leverage
Leverage decreased by more than 40% following successful equity financing for the Coyote acquisition.
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RXO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RXO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $31.90 | $28.71 | -10.00% |
| Aug 07, 2024 | $29.85 | $29.11 | -2.48% |
| May 02, 2024 | $19.00 | $20.12 | +5.89% |
| Feb 08, 2024 | $22.48 | $20.75 | -7.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does RXO, Inc. (RXO) report earnings?
RXO, Inc. (RXO) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is RXO, Inc. (RXO) earnings time?
RXO, Inc. (RXO) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RXO EPS forecast?
RXO EPS forecast for the fiscal quarter 2024 (Q4) is 0.05.
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