XPO reports Q2 2024 revenue up 8.5% to $2.08 billion; diluted EPS $1.25
XPO reported second quarter 2024 revenue of $2.08 billion, up 8.5% from $1.92 billion a year earlier, and operating income of $197 million, up from $107 million. Diluted EPS from continuing operations was $1.25 versus $0.27, though that figure includes a one-time $41 million tax benefit; adjusted diluted EPS was $1.12 versus $0.71. Shareholders see higher revenue and profit in the quarter, with the North American LTL segment driving most of the gain.
Key points
- Revenue $2.08 billion vs $1.92 billion; North American LTL revenue up 12.0% to $1.27 billion
- Net income from continuing operations $150 million vs $31 million, including a one-time $41 million tax benefit from European legal entity reorganization
- Adjusted diluted EPS $1.12 vs $0.71; adjusted EBITDA $343 million vs $244 million
- North American LTL adjusted operating ratio improved 440 basis points to 83.2%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.