RXO Reports Third-Quarter Results with Coyote Integration Ahead of Schedule and Complementary Services Momentum
RXO, Inc. (RXO)
Company Research
Source: Business Wire
Coyote acquisition completed September 16; integration well underway and progressing smoothly. Raising annualized cost synergy estimate to at least $40 million.Strengthened balance sheet while financing Coyote acquisition; combined company leverage ratio decreased by more than 40%Companywide gross margin of 17.3%; Brokerage gross margin of 13.7%Managed Transportation was awarded more than $300 million in new freight under managementLast Mile stop growth continued to accelerate and grew 11% year-over-year CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced its financial results for the third quarter of 2024.Drew Wilkerson, chief executive officer of RXO, said, “In the third quarter, our focus on execution enabled us to achieve a solid 13.7% gross margin in our Brokerage business, despite the prolonged soft freight market. Momentum continued within our complementary services. In Managed Transportation, we secured more than $300 million in new business and continue to ha
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RXO
News
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- RXO Announces Participation at Upcoming Investor ConferencesBusiness Wire
- RXO, Inc. (NYSE: RXO) had its "neutral" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $29.00 price target on the stock.MarketBeat
- RXO, Inc. (NYSE: RXO) had its price target lowered by analysts at Susquehanna from $16.00 to $12.00. They now have a "negative" rating on the stock.MarketBeat
RXO
Earnings
- 11/7/24 - Beat
RXO
Sec Filings
- 12/9/24 - Form 4
- 12/6/24 - Form 8-K
- 11/15/24 - Form 4
- RXO's page on the SEC website