News Room
XPO Logistics' Q3 revenue edges up, but net profit dips slightly
Author:
Posttime:2020-11-24
NEW York-listed US multinational transportation and contract logistics company XPO Logistics announced that revenue in the third quarter of the year increased to US$4.22 billion from $4.15 billion in the same period last year.
Net income attributable to common shareholders was $84 million, compared with $117 million for the third quarter 2019. Operating income was $223 million, compared with $229 million for the third quarter 2019.
The company also announced that adjusted net income attributable to common shareholders, a non-GAAP financial measure, was $86 million for the third quarter 2020, compared with $121 million for the same period in 2019.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), a non-GAAP financial measure, was $439 million for the third quarter 2020, compared with $438 million for the corresponding period last year.
For the third quarter 2020, the company generated $298 million of cash flow from operations and $247 million of free cash flow, a non-GAAP financial measure, reported the American Journal of Transportation.
source:Schednet
Related posts
Today news
- Evergreen's 24,000 TEU Ever Acme delivered 4 months ahead of schedule
- Major Chinese ports container volume up 2% in late November
- Japanese insurers to halt ship insurance for all of Russia
- Xeneta container rates alert: calm before storm, as long-term ocean freight rates hold steady ahead of expected new year pain
- APL England's box loss report finds ship's lashings in poor shape
Picture news
