Skip to main content

XPO turns in record second quarter earnings

New records were hit for quarterly revenue—at $3.23 billion—up 1.2% annually (and up 11% when excluding the March sale of its intermodal business), with net income—at $141 million—up 19.9%. Operating income—at $230 million—was up 17%. Adjusted EBITDA—at $405 million—increased 18.5% annually, the highest in XPO’s history, well ahead of previous guidance, at $360 million-to-$370 million. And earnings per share—at $1.81—were up compared to $1.00 for the second quarter of 2021, marking the highest for the second quarter ever for XPO. Free cash flow was at $73 million.

source https://www.supplychain247.com/article/xpo_turns_in_record_second_quarter_earnings

Comments

Post a Comment

Popular posts from this blog

How Rising Inflation is Disrupting the Electronics Components Supply Chain

The worldwide inflation trend is causing problems in the electronic components supply chain by making parts more expensive and harder to procure, but mitigation methods exist to help OEMs, CMs, and EMS providers overcome the new challenge. source https://www.supplychain247.comhttps://www.supplychain247.com/paper/how_rising_inflation_is_disrupting_the_electronics_components_supply_chain
Post a Comment
Read more

Garden State Cold Storage Increases Daily Shipped Orders by 650% with Warehouse Management System

Garden State Cold Storage saw their customer journey affected by inefficiencies, time wasted, and an inability to keep up the day-to-day warehouse operations, while keeping the customer experience at the forefront of their business they began to look for a solution that would be reliable, efficient, and fast - find out how their WMS excelled operations and helped scale their business. source https://www.supplychain247.comhttps://www.supplychain247.com/article/garden_state_cold_storage_increases_daily_shipped_orders_with_wms
Post a Comment
Read more