NYSE$XPO
XPO Logistics Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
XPO Logistics reported a strong second quarter of earnings growth, driven by revenue increase and improved efficiency.
XPO Logistics reported a strong second quarter with a 9% increase in revenue and significant growth in adjusted EBITDA and adjusted diluted EPS. The company's North American LTL segment showed improved service levels and cost efficiency, contributing to a substantial increase in adjusted operating income.
- Revenue increased by 9% year-over-year, reaching $2.08 billion.
- Adjusted EBITDA grew by 41% year-over-year to $343 million.
- Adjusted diluted EPS increased by 58% year-over-year to $1.12.
- North American LTL segment improved adjusted operating ratio by 440 basis points to 83.2%.
Headline financials
Revenue & EPS history
XPO Logistics · Revenue · Quarterly
$2.08B
Revenue by segment
XPO Logistics · $1.78B total across 2 segments · Q3 2023
- North American LTL Segment$1.14B+5.9%64.4%
- European Transportation Segment$633M—35.6%
Forward guidance
XPO Logistics is focused on becoming the LTL service leader in North America by building its service offering, investing in capacity ahead of demand, and operating more efficiently, which is expected to create a long runway for future margin expansion.
Tailwinds
- Continued delivery of service at record levels.
- Best damage claims ratio in company history.
- Above-market yield growth, ex-fuel.
- Increase in tonnage per day.
- Efficient cost management through reduced purchased transportation and increased labor productivity.
Headwinds
- Potential impacts from business, economic, political, legal, and regulatory factors.
- Risks associated with supply chain disruptions and shortages.
- Challenges in aligning investments in capital assets with customer demands.
- Dependence on successful implementation of cost and revenue initiatives.
- Exposure to risks related to cyber-attacks and data security breaches.
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 2024
+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
| Quarter | Report date | Reaction (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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