XPO Logistics Q2 Revenue and Net Rise

XPO Logistics, Inc. (NYSE: XPO) announced financial results for the second quarter 2018. Revenue increased 16.0% year-over-year to $4.36 billion.

Net income attributable to common shareholders was $137.5 million for the quarter, compared with net income attributable to common shareholders of $47.6 million for the same period in 2017. Earnings per diluted share was $1.03 for the quarter, compared with $0.38 for the same period in 2017.

Adjusted net income attributable to common shareholders, a non-GAAP financial measure, was $131.8 million for the quarter, compared with $75.0 million for the same period in 2017. Adjusted earnings per diluted share, a non-GAAP financial measure, was $0.98 for the quarter, compared with $0.60 for the same period in 2017. Adjusted net income attributable to common shareholders and adjusted earnings per diluted share for the second quarter 2018 exclude: a $15.7 million benefit, or $11.5 million after-tax, of non-cash unrealized gains on foreign currency contracts; and $7.8 million, or $5.8 million after-tax, of integration and rebranding costs. Reconciliations of non-GAAP financial measures used in this release are provided in the attached financial tables.

Adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), a non-GAAP financial measure, increased to $436.7 million for the second quarter 2018, excluding integration and rebranding costs of $7.8 million. This compared with $370.8 million of adjusted EBITDA for the same period in 2017.

For the second quarter 2018, the company generated $267.4 million of cash flow from operations and $192.9 million of free cash flow.

 

Category: General Update, News