RXO INC

RXO

Equity

ISIN US74982T1034 / Valor 122428821

New York Stock Exchange, Inc (2025-03-28)

USD 18.86-2.53%

RXO INC
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About company

RXO INC is a prominent player in the transportation and logistics industry, specializing in brokered transportation services. The company has built a robust brokerage business, offering a range of services including truck brokerage, expedite, and managed transportation. RXO was established as an independent entity in 2022, following its evolution from a predecessor company where key executives like Louis Amo and Drew Wilkerson played significant roles in its growth and operational leadership. With a focus on delivering value to both investors and customers, RXO leverages its extensive industry expertise and executive leadership to maintain a competitive edge in the market. The company is known for its ability to adapt and expand its service offerings, ensuring sustained growth and operational excellence.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue and Gross Margin

RXO INC reported revenue of $1.04 billion for the third quarter of 2024, an increase from $976 million in the same quarter of 2023. The gross margin for the quarter was 17.3%, slightly down from 17.7% in the third quarter of the previous year.

Net Loss and Adjusted Income

The company experienced a GAAP net loss of $243 million in the third quarter of 2024, compared to a net loss of $1 million in the same period of 2023. This loss included $248 million in transaction, integration, restructuring, and other costs. However, RXO's adjusted net income was $7 million, up from $6 million in the third quarter of 2023.

Adjusted EBITDA

RXO INC's adjusted EBITDA for the third quarter of 2024 was $33 million, an increase from $26 million in the same quarter of the previous year. The adjusted EBITDA margin improved to 3.2% from 2.7% in the third quarter of 2023.

Complementary Services Growth

RXO's complementary services achieved a gross margin of 21.5% in the third quarter of 2024, marking an increase of 150 basis points year-over-year. The Managed Transportation segment secured over $300 million in new freight under management, with a robust sales pipeline exceeding $1.3 billion.

Fourth-Quarter Outlook

For the fourth quarter of 2024, RXO INC anticipates adjusted EBITDA to range between $40 million and $45 million. The company also expects the Brokerage gross margin to be between 12% and 14% for the same period.

Summarized from source with an LLMView Source

Key figures

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Performance

48.9%1Y

45.2%3Y

45.2%5Y

Volatility