RXO Inc
For the period ended Mar 31, 2024. Filed May 7, 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.
Mar 31, 2024 · Filed May 7, 2024
RXO$27.93+0.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| (Dollars in millions, shares in thousands, except per share amounts) | 2024 | 2023 |
| Revenue | $913 | $1,010 |
| Cost of transportation and services (exclusive of depreciation and amortization) | 699 | 759 |
| Direct operating expense (exclusive of depreciation and amortization) | 53 | 61 |
| Sales, general and administrative expense | 145 | 153 |
| Depreciation and amortization expense | 16 | 18 |
| Transaction and integration costs | 1 | 6 |
| Restructuring costs | 11 | 8 |
| Operating income (loss) | $(12) | $5 |
| Other expense | 1 | — |
| Interest expense, net | 8 | 8 |
| Loss before income taxes | $(21) | $(3) |
| Income tax benefit | (6) | (3) |
| Net income (loss) | $(15) | $— |
| Earnings (loss) per share data | ||
| Basic earnings (loss) per share | $(0.13) | $— |
| Diluted earnings (loss) per share | $(0.13) | $— |
| Weighted-average common shares outstanding | ||
| Basic weighted-average common shares outstanding | 117,217 | 116,600 |
| Diluted weighted-average common shares outstanding | 117,217 | 119,369 |
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