XPO Logistics Inc. (XPO) shares soared 13.71% in the pre-market session on Thursday, following the company's better-than-expected fourth-quarter earnings results and strong full-year performance. The transportation and logistics giant reported adjusted earnings per share of $0.89 for the fourth quarter, beating the consensus estimate of $0.63 by a wide margin.
The robust earnings growth was primarily driven by strong performance in the company's North American Less-Than-Truckload (LTL) segment, which saw adjusted operating income increase by 27% year-over-year. XPO's revenue for the quarter came in at $1.92 billion, slightly missing the analysts' expectation of $1.92 billion but still representing a 4.2% increase from the prior-year period.
For the full year 2024, XPO delivered impressive increases of 27% in adjusted EBITDA and 31% in adjusted diluted EPS, compared with the prior year. The company's CEO, Mario Harik, highlighted the intense execution and landmark network investments that have strengthened XPO's competitive position for long-term margin expansion.
"We've entered 2025 with strong momentum, following landmark network investments that strengthen our competitive position in a freight market recovery and for the long-term," Harik said. "The intense execution you see in our results will continue to deliver years of margin expansion."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.