RXO Inc

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

About this filing

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 7, 2024

RXO$27.92+1.2%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

	Three Months Ended June 30,		Six Months Ended June 30,
(Dollars in millions, shares in thousands, except per share amounts)	2024	2023	2024	2023
Revenue	$930	$963	$1,843	$1,973
Cost of transportation and services (exclusive of depreciation and amortization)	700	723	1,399	1,482
Direct operating expense (exclusive of depreciation and amortization)	50	59	103	120
Sales, general and administrative expense	154	144	299	297
Depreciation and amortization expense	17	18	33	36
Transaction and integration costs	7	4	8	10
Restructuring costs	2	1	13	9
Operating income (loss)	$—	$14	$(12)	$19
Other expense	—	—	1	—
Interest expense, net	8	8	16	16
Income (loss) before income taxes	$(8)	$6	$(29)	$3
Income tax provision (benefit)	(1)	3	(7)	—
Net income (loss)	$(7)	$3	$(22)	$3
Earnings (loss) per share data
Basic earnings (loss) per share	$(0.06)	$0.03	$(0.19)	$0.03
Diluted earnings (loss) per share	$(0.06)	$0.03	$(0.19)	$0.03
Weighted-average common shares outstanding
Basic weighted-average common shares outstanding	117,579	116,894	117,398	116,748
Diluted weighted-average common shares outstanding	117,579	119,457	117,398	119,414

ContentsView on SEC.gov

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