NYSE$XPO

XPO Logistics Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

XPO Logistics reported record first quarter performance, driven by revenue growth and improved profitability in both transportation and logistics segments.

XPO Logistics announced its financial results for the first quarter 2021, reporting the highest revenue of any quarter in XPO’s history. Revenue increased to $4.77 billion, net income attributable to common shareholders was $115 million, and adjusted EBITDA increased to $443 million.

  • Reported highest revenue of any quarter in XPO’s history.
  • Generated record first quarter net income and adjusted EBITDA.
  • Increased first quarter brokerage revenue by 83% year-over-year.
  • Improved first quarter adjusted operating ratio in North American less-than-truckload by 220 basis points year-over-year to 84.3%.

Headline financials

Total Revenue

$4.77B

Previous: $3.86B+23.6%
EPS (adj)

$1.46

Previous: $0.47+210.6%
Capital Expenditures

-$140M

Previous: -$139M-0.7%
Free Cash Flow

-$25M

Previous: -$116M+78.4%
Net Income

$115M

Previous: $23M+400.0%
Operating Income

$202M

Previous: $81M+149.4%
Gross Profit

$2.45B

Previous: $1.97B+24.4%
Cash & Equivalents

$629M

Previous: $1.13B-44.2%
Total Assets

$15.4B

Previous: $14.6B+5.5%
Stock-Based Comp

$6M

Previous: $18M-66.7%

Revenue & EPS history

XPO Logistics · Revenue · Quarterly

$4.77B

Q1 2021+23.6%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

XPO Logistics · $976M total across 1 segment · Q1 2021

  • North American LTL Segment
    $976M

Forward guidance

XPO Logistics expects to grow its 2021 adjusted EBITDA by 31% to 35% year-over-year to a range of $1.825 billion to $1.875 billion.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.9%

Avg return

Earnings day

+4.0%

Avg return

5 days after

+5.8%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+20.4%

Q4 2023

Best reaction

-35.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%-4.2%-1.3%
Q4 2025+3.4%+11.5%+5.1%
Q3 2025+9.2%+12.8%+13.9%
Q1 2025+8.9%+12.2%+16.8%
Q4 2024+7.8%+8.6%-20.5%
Q3 2024+8.5%+11.0%+26.7%
Q2 2024-3.4%-3.3%-0.2%
Q1 2024+1.7%+2.8%-1.8%
Q4 2023+20.4%+20.0%+24.9%
Q3 2023+12.6%+18.1%+27.7%
Q2 2023+5.6%+7.7%+11.2%
Q1 2023+7.9%+6.5%+11.6%
Q4 2022-14.2%-17.4%-21.5%
Q3 2022-35.9%+11.7%+28.3%
Q2 2022-1.1%-9.0%-13.3%
Q1 2022-1.3%-1.5%-0.6%
Q4 2021+9.6%+4.9%+13.9%
Q3 2021-7.8%-9.6%-14.3%
Q2 2021+1.6%+3.9%+9.4%
Q1 2021+1.7%+5.7%+5.3%
Q4 2020-3.3%-0.3%+2.7%
Q3 2020+1.9%+7.7%+26.8%
Q2 2020-10.8%-7.6%+7.4%
Q1 2020+7.1%+6.3%+26.2%
Q4 2019-1.0%+2.1%-35.8%
Q3 2019+2.1%-0.4%+5.7%
Q2 2019+6.7%+1.0%+5.0%
Q1 2019-5.8%-3.8%-23.5%
Q4 2018-12.9%-8.4%-16.8%
Q3 2018+0.1%-2.9%-12.7%
Q2 2018+0.7%+4.1%+6.8%
Q1 2018+4.6%+9.2%+11.7%
Q4 2017-5.7%+0.1%+15.7%
Q3 2017+3.2%+6.5%+12.5%
Q2 2017-1.3%-1.4%+5.2%
Q1 2017+4.9%+7.7%+8.5%
Q4 2016-0.4%+2.4%-5.0%
Q3 2016+7.8%+13.7%+39.8%
Q2 2016+15.0%+29.0%+24.7%
Q1 2016-10.6%
Q4 2015-3.7%
Q3 2015+10.2%
Q2 2015-3.1%
Q1 2015-0.5%
Q4 2014-1.4%
Q3 2014-1.6%
Q2 2014+15.6%
Q1 2014-2.5%
Q4 2013+10.7%
Q3 2013+4.0%
Q2 2013-0.9%
Q1 2013-3.0%
Q4 2012-0.6%
Q3 2012+0.4%
Q2 2012+1.3%
Q1 2011+2.7%
Q1 2012+1.7%
Q4 2011+9.4%
Q3 2011-0.7%
Q3 2010-0.7%
Q2 2011-4.6%
Q2 2010-4.6%
Q4 2010-4.6%
Q4 2009-4.6%
Q1 2010+2.6%

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