Transportation broker RXO Q3 profit beats on growth in truckload volume
RXO•RXO reported Q3 adjusted EPS of $0.09, beating analyst expectations of $0.07, as truckload volume grew 3% year over year. Revenue also rose year over year, and the company is expected to be acquired by C.H. Robinson in a deal slated to close in the first half of 2027.
1. Quarterly results
RXO reported Q3 adjusted EPS of $0.09, compared with analyst expectations of $0.07. Adjusted net income was $16 million, adjusted EBITDA was $51 million and adjusted EBITDA margin was 2.70%; the company’s reported EPS was $0.02.
2. Volume and services
RXO said truckload volume rose 3% year over year and that continued growth in truckload volume and a higher spot mix drove sequential improvement in gross profit per load. Last Mile stops grew 5% year over year, and Managed Transportation was awarded about $140 million in freight under management.
3. Outlook and deal
RXO said it had strong momentum heading into the fourth quarter but did not provide specific financial guidance for the quarter or full year. The company is to be acquired by C.H. Robinson in a deal expected to close in the first half of 2027.
