XPO Q2 21 solid, appoints new CFO

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PRESS RELEASE

XPO Logistics Announces Second Quarter 2021 Results

Greenwich, Conn. | July 28, 2021

Reports highest revenue of any quarter in company history

Raises adjusted EBITDA guidance for both XPO and GXO

XPO Logistics, Inc. (NYSE: XPO) today announced its financial results for the second quarter 2021. Revenue increased to $5.04 billion for the second quarter, compared with $3.50 billion for the same period in 2020. Net income attributable to common shareholders was $156 million for the second quarter, compared with a net loss attributable to common shareholders of $132 million for the same period in 2020.

Operating income was $246 million for the second quarter, compared with an operating loss of $141 million for the same period in 2020. Diluted earnings per share was $1.38 for the second quarter, compared with a diluted loss per share of $1.45 for the same period in 2020.

The full release is here.

Meanwhile, “Congratulations, CFO Ravi Tulsyan“.

Also, please check out GXO Logistics’ implied trading value ahead of a pivotal week – surprised?

Our previous coverage is here… well, just a kind reminder.