From Yahoo Finance: 2025-05-07 08:40:00

RXO reported integration progress with Coyote Logistics in first-quarter earnings, forecasting increased synergies and advancing integration.

However, RXO faced financial challenges, with a $30 million operating loss compared to $12 million last year and $24 million in Q4 2024.

Revenue comparisons were skewed due to the Coyote acquisition, with Q1 revenue at $1.43 billion, up from $913 million last year but down sequentially.

EBITDA increased from last year but was lower than Q4, standing at $22 million in Q1 and $42 million in Q4 2024.

Net income suffered an 18-cent-per-share loss in Q1, declining from minus 13 cents last year and minus 12 cents sequentially.

CEO Drew Wilkerson noted technology integration milestone with Coyote, all on one system, in financial statement.

Cash savings from Coyote synergies now estimated at $70 million, up from $50 million forecast in Q4 earnings report.

Company’s conference call scheduled for 8 a.m. EDT Wednesday.

Read more: RXO recorded operating and net losses in the first quarter