NYSE$XPO

XPO Logistics Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

XPO Logistics announced third quarter results with record operating income and growth in North American truck brokerage volume.

XPO Logistics reported a strong third quarter, with revenue of $3.04 billion and net income from continuing operations attributable to common shareholders of $131 million. The company saw improvements in tonnage in North American LTL and grew North American truck brokerage volume year-over-year.

  • Delivered third quarter record operating income, up 65% year-over-year
  • Improved tonnage in North American LTL each month through third quarter; tonnage inflected positive year-over-year in September
  • Grew North American truck brokerage volume year-over-year by 9%
  • Plan for LTL 2.0 is showing tangible results.

Headline financials

Total Revenue

$3.04B

Previous: $3.27B-7.0%
EPS (adj)

$1.45

Previous: $0.94+54.3%
Capital Expenditures

-$394M

Previous: -$212M-85.8%
Free Cash Flow

-$263M

Previous: -$269M+2.2%
Net Income

$131M

Previous: -$57M+329.8%
Operating Income

$185M

Previous: $112M+65.2%
Gross Profit

$998M

Previous: $964M+3.5%
Cash & Equivalents

$544M

Previous: $254M+114.2%
Total Assets

$8.5B

Previous: $8.53B-0.4%
Stock-Based Comp

$8M

Previous: $4M+100.0%

Revenue & EPS history

XPO Logistics · Revenue · Quarterly

$3.04B

Q3 2022-7%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

XPO Logistics · $1.08B total across 1 segment · Q3 2022

  • North American LTL Segment
    $1.08B+20.5%

Forward guidance

XPO Logistics reaffirmed the following targets for the full year 2022 for the North American LTL business.

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 2022

Historical avgQ3 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%

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