Earnings ·
RXO reports Q3 revenue of $1.9B, GAAP net income of $3M; C.H. Robinson to acquire company for $5.8B
RXORXO, Inc.
RXO reported third-quarter revenue of $1.9 billion and GAAP net income of $3 million, or diluted EPS of $0.02, compared to a net loss in the prior year period. Adjusted EBITDA rose 59% to $51 million with an adjusted EPS of $0.09. The company also announced that C.H. Robinson has agreed to acquire RXO in a stock-and-cash transaction valued at approximately $5.8 billion, expected to close in the first half of 2027 pending regulatory and shareholder approvals. RXO is a leading provider of asset-light transportation solutions including truck brokerage, managed transportation, and last mile delivery.