First look: XPO cruises past Q1 expectations

6 days ago 13

Todd Maiden

Thu, April 30, 2026 astatine 7:10 AM CDT 2 min read

Greenwich, Connecticut-based XPO reported first-quarter results that were good up of analysts’ expectations connected Thursday arsenic its less-than-truckload portion won stock astatine above-market rates.

XPO (NYSE: XPO) reported adjusted net per stock of $1.01, 13 cents up of the statement estimation and 28 cents higher twelvemonth implicit year. The adjusted EPS effect excluded transaction and restructuring costs.

Consolidated gross of $2.1 cardinal was 7% higher y/y and supra the $2.04 cardinal statement estimate.

The company’s LTL portion reported a 5% y/y gross summation to $1.23 billion. Revenue was 6% higher connected a per-day comparison. A flimsy tonnage summation coupled with a 5% summation successful gross per hundredweight (yield) drove the result. (Yield was up 4% y/y excluding substance surcharges.)

The alteration successful tonnage was driven by a 3% summation successful regular shipments, which was mostly offset by a 2.7% diminution successful value per shipment. Lower shipment weights and a 1% summation successful magnitude of haul positively impacted the output metric. Revenue per shipment (excluding fuel) accrued 1% y/y.

The institution credited “profitable marketplace stock gains” and “above-market pricing growth” for the improvements.

The conception reported an 83.9% adjusted operating ratio (inverse of operating margin), which was 200 ground points amended y/y and 50 bps amended than the seasonally stronger 4th quarter. (The portion usually records 50 bps of sequential deterioration successful the archetypal quarter.)

Sequentially, gross per time accrued 3% from the 4th fourth arsenic tonnage per time was up 5% and output slid 2%. (The output metric was negatively impacted by a sequential summation successful shipment weights and a diminution successful magnitude of haul.)

XPO’s European proscription conception reported an 11% y/y summation successful gross to $868 million. Adjusted EBITDA of $33 cardinal was 3% higher y/y.

“We’re continuing to present robust incremental margins and industry-leading operating ratio improvement, with the top upside inactive ahead,” said Mario Harik, president and CEO, successful a quality release. “We person a wide way to compounding net maturation and accelerating escaped currency travel generation, with returns amplified arsenic freight request recovers.”

Shares of XPO were up 1% successful premarket trading connected Thursday.

XPO volition big a telephone astatine 8:30 a.m. EDT connected Thursday to sermon first-quarter results.

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