NYSE$RXO
RXO Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
RXO reported solid first-quarter performance driven by market share gains, strong profitability and cash flow.
RXO's first-quarter revenue reached $1.01 billion. The company's brokerage business experienced a 6% increase in volume year-over-year and maintained a brokerage gross margin of 16.3 percent. The Board of Directors authorized a $125 million share repurchase program.
- Brokerage volume increased 6% year-over-year.
- Brokerage gross margin was 16.3 percent.
- Operating cash flow was $42 million and adjusted free cash flow was $37 million.
- Company announced a $125 million share repurchase program.
Headline financials
Revenue & EPS history
RXO · Revenue · Quarterly
$1.01B
Revenue by segment
RXO · $957M total across 3 segments · Q1 2023
- Truck Brokerage$600M—62.7%
- Last Mile$240M—25.1%
- Managed Transportation$117M—12.2%
Forward guidance
The company expects brokerage volumes to continue to grow on a year-over-year basis in the second quarter of 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2023
-1.8%
Avg return
Earnings day
-2.4%
Avg return
5 days after
-1.0%
Avg return
30 days after
47%
9 / 19 earnings
Positive
+9.6%
Q4 2022
Best reaction
-23.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.9% | +2.0% | +36.9% | |
| Q4 2025 | +1.9% | -1.5% | -17.1% | |
| Q3 2025 | -23.1% | -30.9% | -18.1% | |
| Q1 2025 | -5.6% | +17.4% | +16.5% | |
| Q4 2024 | -14.9% | -14.9% | -21.6% | |
| Q3 2024 | -6.6% | -12.9% | -10.5% | |
| Q2 2024 | -3.4% | -5.8% | -10.5% | |
| Q1 2024 | +7.4% | +9.1% | +7.4% | |
| Q4 2023 | -9.8% | -4.6% | -7.0% | |
| Q3 2023 | -5.1% | -1.4% | +14.6% | |
| Q2 2023 | -10.4% | -8.3% | -16.7% | |
| Q1 2023 | +3.5% | +4.9% | +19.3% | |
| Q1 2022 | +3.5% | +4.9% | +19.3% | |
| Q4 2020 | -0.9% | -1.9% | -9.7% | |
| Q2 2022 | -0.9% | -1.9% | -9.7% | |
| Q4 2022 | +9.6% | +4.6% | +3.8% | |
| Q3 2021 | +3.7% | -1.3% | -5.6% | |
| Q4 2021 | +3.7% | -1.3% | -5.6% | |
| Q3 2022 | +3.7% | -1.3% | -5.6% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
Discussion
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