M&A - RXO, Inc.

Form Type: 10-Q

Filing Date: 2025-05-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000192956125000082

Filing Summary: RXO, Inc. reported its quarterly results for the period ending March 31, 2025, showing a revenue increase to $1.433 billion compared to $913 million for the same period in 2024. The company experienced an operating loss of $30 million compared to a $12 million loss in the previous year. A significant event highlighted in the report was the acquisition of the Coyote business from United Parcel Service for $1.038 billion, which was completed on September 16, 2024, and is expected to enhance RXO's competitive position. The purchase was primarily funded with cash and resulted in $494 million in goodwill. The report includes financial statements, analysis, and notes reflecting ongoing restructuring efforts and compliance with debt covenants. Cash and cash equivalents as of March 31, 2025, were $16 million, down from $35 million at December 31, 2024.