Earnings

Quarterly revenue—at $22.8 billion—was off 3% annually, and net income—at $788 million—fell 25%. Operating income—at $1.176 billion—was off 26%. Diluted earnings per share—at $3.07—dropped 21%, topping Wall Street estimates of $2.83.

Quarterly revenue—at $24.161 billion—increased 4.2% annually, and adjusted earnings per share—at $2.99—increased 10.3% annually and beat Wall Street estimates at $2.89 per share. Quarterly operating profit rose 7% to $3.113 billion.

XPO said it expects to report $3.04 billion in quarterly revenue and operating income to come in between $181 million-to-$185 million, with EBITDA pegged at $348 million-to-$352 million.

Quarterly revenue—at $22 billion—increased 6% annually, and operating income—at $1.23 billion—fell 17.4% annually, with adjusted net income—at $905 million—falling 23.9%. Diluted earnings per share—at $3.44—was down 21.3% and short of Wall Street estimates of $5.48.

Fiscal year (FY) 2022 third quarter earnings for the United States Postal Service (USPS) saw total revenue post a 1.4% annual increase, to $18.741 billion. And it had an adjusted quarterly loss of $459 million compared to an adjusted loss of $41 million, for the same quarter last year, while posting $59.7 billion in net income, compared to a $3.0 billion FY 2021 second quarter loss.

New records were hit for quarterly revenue—at $3.23 billion—up 1.2% annually (and up 11% when excluding the March sale of its intermodal business), with net income—at $141 million—up 19.9%. Operating income—at $230 million—was up 17%. Adjusted EBITDA—at $405 million—increased 18.5% annually, the highest in XPO’s history, well ahead of previous guidance, at $360 million-to-$370 million. And earnings per share—at $1.81—were up compared to $1.00 for the second quarter of 2021, marking the highest for the second quarter ever for XPO. Free cash...

Yellow posted second quarter operating revenue of $1.424 billion and operating income of $99.2 million, which included a $3.2 million net gain on property disposals. In comparison, operating revenue in the 2021 second quarter was $1.313 billion and operating income was $27 million. Yellow’s net income for second quarter was $60 million, compared with a net loss of $9.4 million in the second quarter of 2021.

Second quarter revenue saw a 15% annual increase, to $2.2 billion. Net income came in at $51 million, topping the second quarter of 2011 by 78%. Adjusted EBITDA—at $176 million—topped the $161 million recorded a year ago.

Quarterly revenue—at $24.8 billion—rose 5.7% annually, and adjusted earnings per share—at $3.29—saw a 7.5% increase, topping Wall Street estimates of $3.16 per share. Quarterly operating profit was up 8.5% to $3.5 billion.

Quarterly revenue—at $24.4 billion—was up 8% annually, and operating income—at $1.9 billion saw a 7% annual increase. Diluted earnings per share—at $6.87—rose 27% annually, topping Wall Street expectations of $6.86. For the full fiscal year, revenue came in at $93.5 billion, for an 11% annual gain, with operating income at $6.87 billion.

Quarterly revenue—at $3.47 billion—increased 16% annually an 41% compared to the first quarter of 2020, representing the fifth straight quarter XPO’s revenue has set a new record. EBITDA—at $321 million—also set a new record, while posting a 15% annual gain (full-year 2022 EBITDA guidance issued by XPO now stands at $1.35 billion-to-$1.39 billion), and adjusted earnings per share—at $1.25—marked the highest for any first quarter in company history, topping Wall Street estimates, at $0.93. Operating income—at $625 million—was up 22%. XPO said that...

The United States Postal Service (USPS) reported today that, for the Fiscal Year (FY) 2022 second quarter, it had an adjusted loss of roughly $1.7 billion, slightly above a $1.3 billion loss, for the fiscal first quarter, while coming in flat on an annual basis. USPS said quarterly operating revenue—at around $19.8 billion—was up compared to around $18.8 billion a year ago, with total revenue—at around $19.8 billion up compared to around $18.9 billion a year ago. Total volume was up 2.9%, or 886 million pieces,...

GXO reported that first quarter revenue saw a 14% annual gain, to $2.1 billion. Net income came in at $38 million, for a 44.8% annual gain, and operating income—at $37 million—was up 19% annually. Adjusted EBITDA, for the quarter, was $155 million, for a 15% annual gain.

Quarterly revenue—at $24.4 billion—saw a 6.4% annual gain, and adjusted earnings per share—at $3.05—marked a 10.1% annual gain, topping Wall Street expectations of $2.88 per share. Quarterly operating profit was up 17.6% to $3.3 billion.

Fiscal third quarter earnings for Memphis-based freight transportation and logistics services bellwether FedEx issued yesterday showed gains, amid various challenges. Quarterly revenue—at $23.6 billion—saw a 10% annual increase, and operating income—at $1.33 billion—saw a 32% annual gain. Diluted earnings per share—at $4.20—were up 27% annually, coming up short of Wall Street expectations at $4.65.