RXO’s earnings still coming out, had solid profitable quarter

RXO remains a publicly-traded company as it prepares to be acquired by C.H. Robinson, posting its earnings Thursday that showed mostly positive numbers in all key categories.

Given the pending deal with C.H. Robinson, RXO (NYSE: RXO) did not hold an earnings call with analysts. The summary slides that also accompany earnings were not released either.

On the growth side, the company’s revenue was $1.9 billion in the third quarter, compared to $1.4 billion a year ago. Revenue was $1.8 billion in the second quarter.

One key metric that was slightly negative was company-wide gross margin at 14.6%, compared to 16.5% a year ago. However, the third quarter performance was improved on the 13.9% margin in the second quarter.

This story was originally published by FreightWaves. Read the full story at FreightWaves →