XPO beats first-quarter earnings expectations
From Yahoo Finance: 2025-04-30 08:18:00
Less-than-truckload carrier XPO exceeded first-quarter expectations, reporting adjusted earnings per share of 73 cents, beating estimates by 8 cents but dropping 8 cents year over year. CEO Mario Harik highlighted a plan driving results and margin expansion. The company’s LTL unit saw a 4% y/y revenue decline.
Tonnage per day decreased by 7.5%, but revenue per hundredweight increased by 4.5%. The LTL segment reported an 85.9% adjusted operating ratio, a 20 basis points drop y/y. Purchased transportation expenses were reduced by 53% y/y, improving the adjusted operating ratio by 370 basis points over two years.
XPO’s European transportation segment experienced a 1.9% y/y revenue decline to $782 million. Shares of XPO rose by 6.7% in premarket trading. The company will host a call to discuss first-quarter results with analysts on Wednesday at 8:30 a.m. EDT.