XPO Inc
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
XPO$188.21+0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (In millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenue | $2,079 | $1,917 | $4,097 | $3,824 |
| Salaries, wages and employee benefits | 854 | 783 | 1,688 | 1,545 |
| Purchased transportation | 436 | 444 | 874 | 901 |
| Fuel, operating expenses and supplies | 402 | 390 | 814 | 817 |
| Operating taxes and licenses | 21 | 15 | 40 | 30 |
| Insurance and claims | 33 | 46 | 71 | 90 |
| Gains on sales of property and equipment | (4) | (2) | (5) | (5) |
| Depreciation and amortization expense | 122 | 107 | 239 | 208 |
| Transaction and integration costs | 12 | 17 | 26 | 39 |
| Restructuring costs | 6 | 10 | 14 | 34 |
| Operating income | 197 | 107 | 335 | 165 |
| Other income | (6) | (3) | (16) | (8) |
| Debt extinguishment loss | — | 23 | — | 23 |
| Interest expense | 56 | 43 | 114 | 85 |
| Income from continuing operations before income tax provision | 147 | 44 | 237 | 65 |
| Income tax provision (benefit) | (3) | 13 | 20 | 17 |
| Income from continuing operations | 150 | 31 | 217 | 48 |
| Income (loss) from discontinued operations, net of taxes | — | 2 | — | (1) |
| Net income | $150 | $33 | $217 | $47 |
| Net income (loss) | ||||
| Continuing operations | $150 | $31 | $217 | $48 |
| Discontinued operations | — | 2 | — | (1) |
| Net income | $150 | $33 | $217 | $47 |
| Earnings (loss) per share data | ||||
| Basic earnings per share from continuing operations | $1.29 | $0.27 | $1.87 | $0.42 |
| Basic earnings (loss) per share from discontinued operations | — | 0.01 | — | (0.01) |
| Basic earnings per share | $1.29 | $0.28 | $1.87 | $0.41 |
| Diluted earnings per share from continuing operations | $1.25 | $0.27 | $1.81 | $0.41 |
| Diluted earnings (loss) per share from discontinued operations | — | 0.01 | — | (0.01) |
| Diluted earnings per share | $1.25 | $0.28 | $1.81 | $0.40 |
| Weighted-average common shares outstanding | ||||
| Basic weighted-average common shares outstanding | 116 | 116 | 116 | 116 |
| Diluted weighted-average common shares outstanding | 120 | 118 | 120 | 117 |
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