M&A - XPO, Inc.

Form Type: 10-Q

Filing Date: 2025-04-30

Corporate Action: Acquisition

Type: Update

Accession Number: 000116600325000067

Filing Summary: XPO, Inc. reported its quarterly financial results for the period ended March 31, 2025. The company achieved revenues of $1,954 million, a slight decrease compared to $2,018 million in the prior year. The report highlights a net income of $69 million, an increase from $67 million year-over-year. Notably, XPO completed the acquisition of 28 service centers previously operated by Yellow Corporation in December 2023. This acquisition includes 26 LTL service centers along with the assumption of leases for two additional centers, aimed at enhancing operational efficiency and growth. The report also indicates the company’s continuing efforts towards divesting its European operations. Total assets stood at $7,879 million as of March 31, 2025, which shows an increase from $7,712 million at the end of the previous year. Additionally, the report includes financial metrics such as earnings per share of $0.59, a cash balance of $212 million, and various liabilities including a long-term debt position of $3,336 million.