NYSE$XPO

XPO Logistics Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

XPO Logistics reported a dramatic rebound across service offerings and geographies.

XPO Logistics' third quarter results showed a significant rebound with revenue increasing to $4.22 billion, and adjusted EBITDA reaching $439 million. The company's growth was broad-based across service offerings and geographies, driven by supply chain outsourcing and e-commerce.

  • Revenue increased to $4.22 billion, compared to $4.15 billion for Q3 2019.
  • Net income attributable to common shareholders was $84 million.
  • Operating ratio for LTL was a quarterly record at 81.7%.
  • The company had access to approximately $3.1 billion of total liquidity, including $2.0 billion of cash and cash equivalents.

Headline financials

Total Revenue

$4.22B

Previous: $4.15B+1.6%
EPS (adj)

$0.84

Previous: $1.18-28.8%
Capital Expenditures

-$377M

Previous: -$413M+8.7%
Free Cash Flow

-$284M

Previous: -$283M-0.4%
Net Income

$93M

Previous: $130M-28.5%
Operating Income

$223M

Previous: $229M-2.6%
Gross Profit

$2.18B

Previous: $2.09B+4.7%
Cash & Equivalents

$2.03B

Previous: $425M+376.5%
Total Assets

$15.7B

Previous: $13.9B+13.1%
Stock-Based Comp

$11M

Previous: $17M-35.3%

Revenue & EPS history

XPO Logistics · Revenue · Quarterly

$4.22B

Q3 2020+1.6%vs Q3 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

XPO Logistics · $1.78B total across 2 segments · Q3 2023

  • North American LTL Segment
    $1.14B+5.9%
  • European Transportation Segment
    $633M

Forward guidance

The company expects to generate adjusted EBITDA and free cash flow for the fourth quarter and full year 2020.

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 Q3 2020

Historical avgQ3 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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