NYSE$XPO

XPO Logistics Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

XPO Logistics reported record revenue and updated full-year guidance based on higher-than-expected growth.

XPO Logistics announced its Q3 2021 financial results, reporting the highest revenue of any quarter in the company's history. Revenue increased to $3.27 billion, with adjusted diluted earnings per share of $0.94. The company also updated its full-year 2021 guidance based on higher-than-expected growth.

  • Revenue increased to $3.27 billion for the third quarter, compared to $2.68 billion for the same period in 2020.
  • Adjusted diluted earnings per share was $0.94 for the third quarter, compared to $0.42 for the same period in 2020.
  • The company generated $250 million of cash flow from operating activities and $185 million of free cash flow.
  • XPO is executing a company-specific action plan to enhance network efficiencies and drive growth in its high-ROIC LTL business.

Headline financials

Total Revenue

$3.27B

Previous: $4.22B-22.5%
EPS (adj)

$0.94

Previous: $0.84+11.9%
Capital Expenditures

-$212M

Previous: -$377M+43.8%
Free Cash Flow

-$269M

Previous: -$284M+5.3%
Net Income

-$57M

Previous: $93M-161.3%
Operating Income

$112M

Previous: $223M-49.8%
Gross Profit

$964M

Previous: $2.18B-55.8%
Cash & Equivalents

$254M

Previous: $2.03B-87.5%
Total Assets

$8.53B

Previous: $15.7B-45.8%
Stock-Based Comp

$4M

Previous: $11M-63.6%

Revenue & EPS history

XPO Logistics · Revenue · Quarterly

$3.27B

Q3 2021-22.5%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

XPO Logistics · $896M total across 1 segment · Q3 2021

  • North American LTL Segment
    $896M

Forward guidance

XPO Logistics raised its 2021 guidance for full-year adjusted EBITDA to $1.228 billion to $1.233 billion, including a fourth-quarter adjusted EBITDA increase to $300 million to $305 million.

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 2021

Historical avgQ3 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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