Moody's Upgrades Echo Global Outlook, Sees 6x Leverage; Sets April 22 Earnings Date
Moody's affirmed its B3 rating on Echo Global Logistics and upgraded its outlook to positive after the ITS acquisition, forecasting debt-to-EBITDA around 6x and an EBITDA increase of $114 million in 2025. Moody's scheduled its Q1 2026 earnings release and teleconference for April 22, 2026.
1. Moody's Affirms B3 Rating and Upgrades Outlook for Echo Global
Moody's affirmed its B3 corporate family rating on Echo Global Logistics and raised its outlook to positive following the ITS Logistics acquisition. The agency noted a technical downgrade on one debt issue due to capital structure changes and highlighted expected debt-to-EBITDA falling to the low-6x area based on ITS’ EBITDA contribution and recent business wins, including Freightsaver.
2. Q1 2026 Earnings Release and Teleconference Date
Moody's Corporation will publish its first-quarter 2026 results before NYSE trading on April 22, 2026, followed by a 9:00 a.m. ET teleconference with CEO Rob Fauber and CFO Noémie Heuland. The live webcast and its replay will be accessible via the Investor Relations website, with dial-in numbers and passcode available for calls and replays through April 29.