XPO posts transcript of Q2 2026 earnings call
XPO•XPO Q2 2026 earnings call transcript
XPO posts transcript of Q2 2026 earnings call
- XPO’s Q2 2026 earnings call drew CEO Mario Harik, CFO Kyle Wismans, CSO Ali Faghri, and analysts including BofA, Wolfe, Evercore, Deutsche Bank, and Goldman Sachs.
- Management flagged record quarter results, excluding real estate gains: adjusted EBITDA USD 425 million, up 25%; adjusted diluted EPS USD 1.64, up 56%.
- North American LTL adjusted operating ratio hit a record 79.9%; management projected Q3 OR below 81% versus typical seasonality above 82%.
- Full-year OR improvement outlook lifted to at least 200 basis points from 100-150; July tonnage and shipments each estimated up over 6%.
- Free cash flow was USD 207 million; management expected 2026 free cash flow to at least double versus 2025, enabling faster buybacks and debt paydown.
