Reklam
Reklam
Reklam
Reklam
Reklam
Reklam
Reklam

XPO Logistics' Q3 revenue edges up, but net profit dips slightly

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

23 November 2020 - 19:00

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-GP 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-GP 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-GP financial measure, reported the American Journal of Transportation.


SeaNews Turkey

This news 476 hits received.

COMMENTS

  • 0 Comment