NYSE$XPO

XPO Logistics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

XPO Logistics reported record first quarter revenue and net income, driven by growth in truck brokerage and strong pricing.

XPO Logistics announced record first quarter results, with revenue increasing to $3.47 billion and net income reaching $489 million. The company is executing on value creation strategies, including the spin-off of its tech-enabled brokered services platform and the sale or listing of its European business. They also raised full year 2022 outlook to reflect higher expectations for adjusted EBITDA.

  • Revenue increased to $3.47 billion, the highest in company history.
  • Net income from continuing operations attributable to common shareholders was $489 million.
  • Adjusted diluted earnings per share increased to $1.25.
  • The company reaffirms expected year-over-year improvement in 2022 adjusted operating ratio of more than 100 basis points in North American LTL.

Headline financials

Total Revenue

$3.47B

Previous: $4.77B-27.3%
EPS (adj)

$1.25

Previous: $1.46-14.4%
NA LTL Shipments per day

46.0K

No prior period
NA LTL Pounds per day (thousands)

43.0M

No prior period
NA LTL Average weight per shipment

930

No prior period
NA LTL Gross revenue per hundredweight (excl fuel)

$23.96

No prior period
Capital Expenditures

-$137M

Previous: -$140M+2.1%
Free Cash Flow

$351M

Previous: -$25M+1504.0%
Net Income

$488M

Previous: $115M+324.3%
Operating Income

$625M

Previous: $202M+209.4%
Gross Profit

$1.04B

Previous: $2.45B-57.6%
Cash & Equivalents

$1B

Previous: $629M+59.6%
Total Assets

$9.32B

Previous: $15.4B-39.4%
Stock-Based Comp

$6M

Previous: $6M+0.0%

Revenue & EPS history

XPO Logistics · Revenue · Quarterly

$3.47B

Q1 2022-27.3%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

XPO Logistics · $2.18B total across 2 segments · Q1 2022

  • North American LTL Segment
    $1.13B+15.7%
  • European Transportation Segment
    $1.06B

Forward guidance

The company raised its 2022 target for adjusted EBITDA, and updated the underlying metrics, to reflect its higher expectations for 2022 financial performance.

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 2022

Historical avgQ1 2022

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro