RXO
RXO, Inc.14.64
-0.36-2.4%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Pipeline unpacked, spot up YoY
Q&A unpacked the 50% late-stage brokerage pipeline growth as mostly existing enterprise clients plus new big names, with Q2 implementation eyeing mid-year truckload outperformance versus the market, low-to-mid single-digit contractual pricing, and heftier spot gains. Spot volumes rose YoY in January amid soaring tender rejections, but insufficient to offset contractual margin pressure; winter storms shaved $2M off Q1 EBITDA. Every $1 gross profit per load gain drives over $1M annualized EBITDA. Answers reaffirmed prepared remarks on AI productivity (19% YoY) and Coyote synergies, while quantifying weather hits and FCF positivity for 2026. Pipeline details matter for the growth thesis.
Key Stats
Market Cap
2.40BP/E (TTM)
-Basic EPS (TTM)
-0.34Dividend Yield
0%Recent Filings
8-K
RXO refinances debt lower
RXO closed its $400,000,000 6.375% senior notes offering due 2031 on February 20, 2026, using proceeds to redeem all outstanding 7.500% notes due 2027 at 101.875%. This refinancing lowers RXO's interest costs while extending debt maturity. Notes rank senior unsecured, guaranteed by key subsidiaries.
8-K
RXO prices $400M notes
8-K
RXO launches $400M notes
RXO announced a $400 million senior unsecured notes offering due 2031 on February 10, 2026, to fund the conditional redemption of all its 7.500% notes due 2027 on February 20 at 101.875% of principal. Proceeds will also cover fees and general corporate purposes, including debt repayment. Redemption hinges on financing completion. Debt matures later now.
10-K
FY2025 results
RXO drove FY2025 revenue up 26% to $5.7B, fueled by the Coyote acquisition boosting truck brokerage $1.2B while last mile grew 13% on volume; yet margins squeezed as truck brokerage costs rose 0.5pp y/y from tight capacity and last mile mix shifts pushed costs up 2.7pp, yielding an operating loss of $79M. Coyote's full-year integration scaled operations, trimming direct expenses to 3.3% of revenue via leverage, though SG&A ticked to 14.5%. Q4 peak seasonality lifted volumes, but no quarterly breakdowns disclosed. Debt sits at $408M including $355M notes due 2027, with $202M revolver availability at year-end. No 2026 guidance issued. Intense competition threatens market share.
8-K
RXO closes $450M ABL facility
RXO closed a $450M asset-based five-year ABL facility on February 5, 2026, replacing its prior $600M cash flow revolver. Secured by ABL Priority Collateral with borrowing base tied to eligible receivables and qualified cash, it offers up to $100M in letters of credit and swingline capacity. Termination of the old facility frees up flexibility while imposing fixed charge coverage covenants.
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