RXO Inc. reports Q4 adjusted EPS 28c, consensus 30c

Reports Q4 revenue $1.1B, consensus $1.14B. Drew Wilkerson, CEO of RXO, said, "We’re proud of what we were able to accomplish in our first quarterly report as a standalone company, despite the dynamics of the current freight cycle and the challenging macroeconomy. We achieved record volume in our brokerage business, with volume growth of 4 percent year-over-year in the quarter. Importantly, companywide gross margin was 19.6 percent, up 250 basis points year-over-year."