RXO : 1Q 2025 RXO Earnings Conference Call Presentation

Published: 2025-05-07 06:53:06 ET RXO

Published on 05/07/2025 at 06:53

First Quarter 2025 Results

May 7, 2025

Q1 2025 highlights

Coyote carrier and coverage operations migrated to RXO Connect®

Raising annualized synergy target

Double-digit LTL brokerage volume growth

Managed Transportation synergy loads increased

Last Mile continued to gain significant and profitable market share

3

As reported first-quarter financial results1

Revenue

$1,433M

$913M

Q1 24

Q1 25

Gross margin

$229M

$159M

16.0%

Q1 24

Q1 25

17.4%

Adjusted EBITDA2

$22M

$15M

Q1 24

Q1 25

1.6%

1.5%

RXO reported adjusted EBITDA of $22M

4

1 Q1 2024 revenue, gross margin and adjusted EBITDA represent legacy RXO only.

2 See the "Non-GAAP financial measures" section.

Q1 revenue by service offering

9%

Truck Brokerage

19%

Last Mile

72%

Managed Transportation

Excludes impact of eliminations.

Numbers may not add up to 100% due to rounding.

Brokerage (combined)1

Volume: Down 1% y/y

LTL: Up 26% y/y, 25% of volume

TL: Down 8% y/y, 75% of volume

TL volume mix: 73% contract, 27% spot

Gross margin: 13.3%

Robust productivity gains: +17%2

Diversified portfolio with momentum in complementary services

Complementary services

Managed Trans. synergy loads increased

Last Mile stop growth accelerated to 24% y/y

Strong gross margin: 21.0%, up 40 bps y/y

1 Prior period includes the impact of the Coyote Logistics acquisition. 5

2 As measured by loads per person per day over the last twelve months. Brokerage headcount defined as customer and carrier representatives.

Disclaimer

RXO Inc. published this content on May 07, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2025 at 10:52 UTC.