Overview
- XPO reported fourth-quarter revenue of $2.01 billion and adjusted EBITDA of $312 million, with GAAP EPS of $0.50 and adjusted EPS of $0.88 that beat Zacks’ consensus.
- North American LTL delivered $1.165 billion in revenue, $181 million in adjusted operating income, and an 84.4% adjusted operating ratio, improving 180 basis points year over year.
- European Transportation generated $846 million in revenue and $32 million in adjusted EBITDA, but posted a $13 million operating loss.
- Corporate posted a $28 million operating loss, reflecting higher restructuring and transaction/integration costs linked to leadership transition-related equity awards.
- Year-over-year comparisons were pressured by reduced real estate gains and higher restructuring expenses, while management emphasized technology-driven efficiency and projected margin expansion with faster free cash flow generation.