XPO Logistics (XPO) Tops Q1 EPS by 32c, Lifts Guidance
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XPO Logistics Announces First Quarter 2022 Results
May 9, 2022 4:15 PM EDTReports highest revenue of any quarter in company history
Generates record first quarter net income and adjusted EBITDA
Reaffirms expected year-over-year improvement in 2022 adjusted operating ratio of more than 100 basis points in North American LTL
Delivers sixth consecutive quarter of year-over-year load growth over 20% in North American truck brokerage
Reduces net debt leverage to 2.0x from 2.7x in prior quarter
Raises full year 2022 outlook to reflect higher expectations for adjusted EBITDA
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