NYSE$RXO
RXO Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
RXO's third quarter results were reported, highlighting the successful integration of Coyote ahead of schedule and strong momentum in complementary services.
RXO reported revenue of $1.04 billion, a gross margin of 17.3%, and a GAAP net loss of $243 million, which included $248 million in transaction, integration, restructuring and other costs. Adjusted net income was $7 million, and adjusted EBITDA was $33 million. The company's leverage ratio decreased by more than 40% following the Coyote acquisition.
- Coyote acquisition completed September 16; integration is progressing smoothly with annualized cost synergy estimate raised to at least $40 million.
- The combined company leverage ratio decreased by more than 40%.
- Company-wide gross margin was 17.3%, Brokerage gross margin was 13.7%.
- Managed Transportation was awarded more than $300 million in new freight under management and Last Mile stop growth continued to accelerate and grew 11% year-over-year.
Headline financials
Revenue & EPS history
RXO · Revenue · Quarterly
$1.04B
Revenue by segment
RXO · $954M total across 3 segments · Q3 2023
- Truck Brokerage$591M—61.9%
- Last Mile$256M—26.8%
- Managed Transportation$107M—11.2%
Forward guidance
RXO expects fourth-quarter 2024 adjusted EBITDA to be between $40 million and $45 million. The company expects fourth-quarter 2024 Brokerage gross margin to be between 12% and 14%.
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 Q3 2024
-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 | — | — | — |
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