After Another Strong Quarter, XPO Sees More Room for Margin Improvements

XPO (NYSE:XPO), the less-than-truckload (LTL) carrier, delivered another strong earnings report Thursday morning, with double-digit revenue growth in North America, excluding fuel, and impressive margin improvement. Overall, the quarter showed the company continuing to execute effectively with service improvements leading to higher prices and wider margins. Total revenue rose $12.4% to $2.37 billion, which was slightly below estimates at $2.38 billion. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 26.6% to $433 million, and adjusted earnings per share jumped 59% to $1.70, ahead of the consensus of $1.57.

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