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#Xpo logistics goodwill writedown full
#Xpo logistics goodwill writedown free

The outlook does not take into account the intended spin-off of the company’s tech-enabled brokered services platform or the divestiture of the European business.īrad Jacobs, chairman and chief executive officer of XPO Logistics, said, “In the second quarter, all of our reported metrics were ahead of guidance and consensus.

#Xpo logistics goodwill writedown free

Free cash flow of $425 million to $475 million, excluding all transaction-related impacts, an increase from the prior target of $400 million to $450 million.

Net capital expenditures of $425 million to $475 million, unchanged and.

Gross capital expenditures of $500 million to $550 million, unchanged.With respect to 2022 cash flows, the targets are: Adjusted diluted EPS of $5.55 to $5.90, an increase from the prior target of $5.20 to $5.60 excludes amortization of acquisition-related intangible assets, and assumes 117 million diluted shares outstanding at year-end 2022.Effective tax rate of 24% to 25%, unchanged and.

Interest expense of $145 million to $150 million, a decrease from the prior target of $150 million to $160 million.Depreciation and amortization of approximately $385 million, excluding amortization of acquisition-related intangible assets, unchanged.Year-over-year improvement of more than 100 basis points in North American LTL adjusted operating ratio, excluding gains on sales of real estate, unchanged.

#Xpo logistics goodwill writedown full

North American less-than-truckload (LTL) expected to generate at least $1 billion of full year adjusted EBITDA, including gains on sales of real estate of up to $50 million in the fourth quarter.

Includes third quarter adjusted EBITDA of $330 million to $345 million, excluding gains on sales of real estate.

Adjusted EBITDA of $1.40 billion to $1.43 billion, an increase from the prior target of $1.35 billion to $1.39 billion:.

The company raised its full year targets for adjusted EBITDA, adjusted diluted EPS and free cash flow, and updated the underlying metrics: Reconciliations of non-GAAP financial measures used in this release are provided in the attached financial tables. Adjusted diluted earnings from continuing operations per share, a non-GAAP financial measure, was $1.81 for the second quarter, compared with $1.22 for the same period in 2021.Īdjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), a non-GAAP financial measure, increased to $405 million for the second quarter, compared with $330 million for the same period in 2021.įor the second quarter 2022, the company generated $199 million of cash flow from operating activities and $73 million of free cash flow, a non-GAAP financial measure. Diluted earnings from continuing operations per share was $1.22 for the second quarter, compared with $1.00 for the same period in 2021.Īdjusted net income from continuing operations attributable to common shareholders, a non-GAAP financial measure, increased to $209 million for the second quarter, compared with $138 million for the same period in 2021. Operating income was $230 million for the second quarter, compared with $191 million for the same period in 2021. Net income from continuing operations attributable to common shareholders was $141 million for the second quarter, compared with $113 million for the same period in 2021. Revenue increased to $3.23 billion for the second quarter, compared with $3.19 billion for the same period in 2021.

(NYSE: XPO) today announced its financial results for the second quarter 2022. 04, 2022 (GLOBE NEWSWIRE) - XPO Logistics, Inc. Improves North American LTL operating ratio to 82.5%, and improves adjusted operating ratio by 70 basis points year-over-year to 80.4%Īchieves North American truck brokerage year-over-year volume growth of 16% Reports second quarter records for revenue, net income from continuing operations and adjusted EBITDA Now all of a sudden it Only shows up in a totally different state and with exact name search. Is there something I could do to send signals to Google to show that I am in Matthews, NC?Ģ months ago my listing quit showing up at all unless you typed exact business name What could possibly cause my listing or Google to do this? I have been without my listing for a few months now and have NO calls coming in from it. If you search Locksmith Independence, KS it shows up on the maps. If you search Locksmith Matthews, NC my listing does not show up at all. Keep in mind the GMB is in Matthews, NC All my service areas and the actual map show the correct areas. Now if I search my business name under the auto populate I see it with Independence, KS on the listing. I pretty much do not have any traffic, views or calls now. Posted about my SAB listing a few weeks ago about not showing up in search only when you entered the exact name.