The earnings call reflected a positive sentiment with significant revenue and EBITDA growth, margin expansion, and service quality improvements despite a challenging macroeconomic environment and declining shipments. The company's strategic initiatives and cost efficiency efforts have positioned it well for future growth.
Company Guidance
During the XPO third quarter 2024 earnings call, the company reported a 4% increase in revenue year-over-year, reaching $2.1 billion. They achieved a notable 20% growth in adjusted EBITDA, amounting to $333 million, and an adjusted diluted EPS of $1.02, up 16% from the previous year. XPO highlighted several strategic levers driving performance: service quality improvements, investments in capacity, yield growth, and cost efficiency. Key metrics included a 200 basis point improvement in the LTL adjusted operating ratio, a damage claims ratio reduction to 0.2%, and a 6.7% year-over-year yield growth excluding fuel. The company also emphasized reducing purchase transportation costs by 40% and lowering outsourced line haul miles to 13.6%, with plans to reduce this further below 10% next year.
Revenue and EBITDA Growth
XPO reported a 4% year-over-year revenue increase to $2.1 billion and a 20% increase in adjusted EBITDA to $333 million.
Margin Expansion
The company achieved a 200 basis points improvement in LTL adjusted operating ratio and a 220 basis points improvement in adjusted EBITDA margin.
Service Quality Improvements
Damage claims ratio improved to 0.2% from 0.4% last year, and on-time performance improved for the tenth consecutive quarter.
Cost Efficiency Gains
Purchase transportation costs reduced by 40% year-over-year, with line haul in-sourcing contributing significantly.
European Segment Growth
European transportation segment revenue increased by 7%, with the UK experiencing mid-teens organic revenue growth.
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XPO (XPO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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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XPO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 30, 2024
$120.25
$133.99
+11.43%
Aug 01, 2024
$114.89
$115.79
+0.78%
May 03, 2024
$108.92
$112.56
+3.34%
Feb 07, 2024
$98.05
$116.54
+18.86%
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 XPO (XPO) report earnings?
XPO (XPO) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is XPO (XPO) earnings time?
XPO (XPO) earnings time is at Feb 06, 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.