NYSE$XPO

XPO Logistics Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

XPO Logistics' Q2 2020 financial results were impacted by the COVID-19 pandemic, but the company beat expectations on revenue, adjusted EBITDA, and adjusted EPS.

XPO Logistics reported a revenue of $3.50 billion, a net loss of $132 million, and an adjusted net loss of $57 million. The company generated $214 million in cash flow from operations and $121 million in free cash flow. They anticipate at least $350 million of adjusted EBITDA in Q3 2020.

  • Revenue was $3.50 billion, compared to $4.24 billion for the same period in 2019.
  • Net loss attributable to common shareholders was $132 million, or a diluted loss per share of $1.45.
  • Adjusted EBITDA was $172 million, which includes $48 million of net incremental costs related to the COVID-19 pandemic.
  • Generated $214 million of cash flow from operations and $121 million of free cash flow.

Headline financials

Total Revenue

$3.5B

Previous: $4.24B-17.4%
EPS (adj)

-$0.63

Previous: $1.28-149.2%
NA LTL Shipments per day

44.0K

No prior period
NA LTL Pounds per day (thousands)

43.0M

No prior period
NA LTL Average weight per shipment

982

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

$18.71

No prior period
Capital Expenditures

-$255M

Previous: -$236M-8.1%
Free Cash Flow

-$386M

Previous: -$101M-282.2%
Net Income

-$131M

Previous: $135M-197.0%
Operating Income

-$141M

Previous: $258M-154.7%
Gross Profit

$1.86B

Previous: $2.13B-12.6%
Cash & Equivalents

$2.29B

Previous: $497M+359.8%
Total Assets

$15.6B

Previous: $14.3B+9.3%
Stock-Based Comp

$21M

Previous: $18M+16.7%

Revenue & EPS history

XPO Logistics · Revenue · Quarterly

$3.5B

Q2 2020-17.4%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

XPO Logistics · $856M total across 1 segment · Q2 2020

  • North American LTL Segment
    $856M

Forward guidance

The company expects to generate at least $350 million of adjusted EBITDA in the third quarter 2020, based on current market conditions.

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 Q2 2020

Historical avgQ2 2020

+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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