Stock Monitor: Radiant Logistics Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 1, 2018 / If you want access to our free earnings report on XPO Logistics, Inc. (NYSE: XPO) ("XPO"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=XPO. The Company reported its first quarter fiscal 2018 operating and financial results on May 03, 2018. XPO, which is one of the largest global freight transportation and warehousing Companies, outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Radiant Logistics, Inc. (NYSE AMER: RLGT), which also belongs to the Services sector as the Company XPO Logistics. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, XPO Logistics most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=XPO

Earnings Highlights and Summary

For the three months ended March 31, 2018, XPO's revenues increased 18.4% to $4.19 billion compared to $3.54 billion in Q1 2017. The Company's revenue numbers beat analysts' estimates of $3.86 billion.

XPO's net income attributable to common shareholders was $66.9 million, or $0.50 per diluted share, in Q1 2018 compared to $19.5 million, or $0.16 per diluted share, in Q1 2017.

For Q1 2018, XPO's adjusted net income attributable to common shareholders was $80.9 million, or $0.61 per diluted share, compared to $37.9 million, or $0.30 per diluted share, in Q1 2017. The Company's reported quarter adjusted earnings excluded costs, after-tax, of $7.5 million related to debt extinguishment; integration and rebranding costs, after-tax of $5.2 million; and non-cash unrealized losses on foreign currency contracts, after-tax, of $2.5 million. XPO's earnings surpassed Wall Street's estimates of $0.52 per share.

XPO's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) improved to $330.2 million in Q1 2018, excluding integration and rebranding costs of $7.2 million, compared to $290.0 million in Q1 2017.

Segment Results

During Q1 2018, XPO's Transportation segment generated revenues of $2.77 billion, reflecting a 16.0% increase on a y-o-y basis, led by increases in freight brokerage and last mile in North America, as well as dedicated truckload transportation in Europe, and favorable foreign exchange rates. For Q1 2018, the segment's operating income increased to $139.0 million compared to $105.3 million in Q1 2017. The Transportation segment's adjusted EBITDA were $265.6 million, up 13.6% on a y-o-y basis. The growth in the segment's operating income and adjusted EBITDA were primarily the result of the growth in North American freight brokerage and European dedicated truckload, as well as an adjusted operating ratio of 87.8% for North American less-than-truckload, reflecting a y-o-y improvement of 120 basis points.

During Q1 2018, XPO's Logistics segment's revenues surged 23.2% to $1.45 billion on a y-o-y basis, driven by a strong global demand for ecommerce contract logistics, as well as gains from the industrial sector in North America and the fashion sector in Europe, particularly in the UK, the Netherlands, Spain, and Italy. For Q1 2018, the segment's operating income increased to $47.5 million compared to $32.9 million in Q1 2017. The Logistics segment's adjusted EBITDA advanced 28.2% to $111.9 million in the reported quarter. The increases in the segment's operating income and adjusted EBITDA were primarily due to revenue growth and site productivity improvements, partially offset by higher direct operating costs related to new contract startups. In Q1 2018, XPO signed up new business of $972 million, up 36% on a y-o-y basis, and a new quarterly record for the Company.

Cash Matters

For Q1 2018, XPO's cash flow from operations was $19.4 million, while its free cash flow was $151.1 million.

Outlook

XPO reaffirmed its full year FY18 target for adjusted EBITDA of at least $1.6 billion, and its 2017-2018 target for cumulative free cash flow of approximately $1 billion.

Stock Performance Snapshot

May 31, 2018 - At Thursday's closing bell, XPO Logistics' stock declined 3.71%, ending the trading session at $105.25.

Volume traded for the day: 6.46 million shares, which was above the 3-month average volume of 1.59 million shares.

Stock performance in the last month ? up 10.17%; previous three-month period ? up 6.33%; past twelve-month period ? up 100.10%; and year-to-date ? up 14.91%

After yesterday's close, XPO Logistics' market cap was at $12.77 billion.

Price to Earnings (P/E) ratio was at 72.94.

The stock is part of the Services sector, categorized under the Air Delivery & Freight Services industry.

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