Latest news with #Wilkerson
Yahoo
26-05-2025
- Entertainment
- Yahoo
Paris silver medallists Humana-Paredes, Wilkerson set sights on Hollywood ending at next Olympics
The scene was straight out of a sports movie. It was the women's beach volleyball final at the 2024 Paris Olympics, played under the lights beneath the shadow of the Eiffel Tower in mid-August. On one side stood Brazil's Ana Patricia Ramos and Eduarda Santos (Duda) Lisboa, a top team from a powerhouse country. Across from them lingered Canada's Melissa Humana-Paredes and Brandie Wilkerson. The Toronto-born duo was not expected to find itself in that moment — a mere 18 tournaments over two years together had shown itself with a 1-2 record in group play. But Humana-Paredes and Wilkerson rallied to win a lucky loser match, rolled through the first two rounds of the knockout stage, then won a three-setter in the semis to buck the odds and reach the final. Still, the Canadians entered as underdogs. Then, fireworks: a closely contested first set ended with a 26-24 Brazilian win, but the Canadians returned fire with a dominant 21-12 second-set victory. Along the way, Wilkerson and Ramos jawed like NHLers in a playoff scrum, prompting the in-game DJ to cheekily play John Lennon's Imagine. After a narrow third set, Ramos and Duda emerged with the Olympic title, ruining the Canadians' Hollywood ending. WATCH | Canada takes silver in women's beach volleyball after loss to Brazil: Speaking eight months later, Humana-Paredes and Wilkerson were both still grappling with the duality of claiming Canada's first-ever women's medal in the sport while ending their tournament with a loss. "It was so much that led up to that point, not even just the two weeks at the Olympics," Humana-Paredes said. "When you're so close to being at the top and fighting for what you have been working for for so long and you fall short and like just short, that definitely hurts. "It's a huge sting. And I think it takes time for sure for that to just kind of sting less and less, but there's still so much to be proud of." Now set up for training in California, the Canadians' movie isn't over – they plan to continue working together, with the goal of gold and a literal Hollywood finish at the 2028 Olympics in Los Angeles. Humana-Paredes and Wilkerson will compete at their second stop of the Elite16 Beach Pro Tour season beginning Wednesday in Ostrava, Czech Republic. Live coverage of the tournament will be available on and CBC Gem. Their season debut in April was a bit of a reversal of their Olympic journey – the Canadians went undefeated in group play but fell in the quarterfinals, denying them a semifinal rematch against Ramos and Duda. Their next major tournament is the world championship in November in Adelaide, Australia. "Solidifying our spot as a world-class team on the World Tour is the new challenge that we're looking forward to," Wilkerson said. "We've always known we could do it. We've proven that we're the best in the world. So now to be able to do it over and over again is going to be the hardest challenge I think any athlete in any sport does, and it really differentiates the legendary ones from those that are extremely talented." Humana-Paredes and Wilkerson barely had time to process in the aftermath of their silver medal, with the regular season resuming just two weeks after that dramatic final and continuing through the fall. Humana-Paredes said their first downtime came around Christmas, but the duo took a longer-than-usual off-season to regroup. Now, they return to competition as Olympic silver medallists and with new targets painted on their backs. But in their view, the buildup to Los Angeles began two years ago – Paris was just a bonus. "We kind of have our foundation, but now it's like, OK, now we can get creative. Now we can push boundaries. I think we know we had moments where we could do that in the lead-up to Paris, but not as much as I feel like we have now," Humana-Paredes said. For Humana-Paredes, the silver medal could have been a culmination. Alongside former partner Sarah Pavan, she'd won the world title in 2019 and entered the Tokyo Olympic two years later among the favourites – only to lose in the quarterfinals. Finally reaching the Olympic podium three years later – albeit with a new teammate – could have felt like the end of a journey. Instead, it's only made her hungrier. "I look back at some of those games, I'm like, 'Oh, we can do that so much better.' And so I think there's a level of, we're not settling on that result. We keep moving forward. I think for better or for worse, you just keep moving and you keep going in the direction you want to go and you do it together," she said. Plus, while the silver was satisfying, it still did come with the bitter tinge of losing gold. "You can have both feelings. Like you can be disappointed and be super proud at the same time. And I think that's what was really eye-opening for me being like, 'Yeah, I'm all those things and more,'" Humana-Paredes said. Wilkerson is taking a similar approach. "I never want to become accustomed to not meeting my goals. That's not a good feeling. But outside of that, it's still something I'm processing and choosing to lean on how amazing of an opportunity it [was], choosing to be grateful and just be so proud," Wilkerson said. She said the attitude now goes something like this: they won Olympic silver just 18 tournaments into their time together – just think about what that could look like by 2028. "We're trying to use it to our advantage," Wilkerson said. More than anything, though, the vibes are immaculate between Humana-Paredes and Wilkerson. And that fact alone gives them confidence that, come 2028, they can take that final step. "I genuinely feel that Mel wants the best for me and I want the best for her and I think that's what's going to keep us strong throughout all of the challenges that are absolutely going to come," Wilkerson said. "We're getting to know each other more and more and she's the person I spend the most time with in my entire life. I think we find ways to enjoy that — and genuinely."
CBC
26-05-2025
- Entertainment
- CBC
Paris silver medallists Humana-Paredes, Wilkerson set sights on Hollywood ending at next Olympics
The scene was straight out of a sports movie. It was the women's beach volleyball final at the 2024 Paris Olympics, played under the lights beneath the shadow of the Eiffel Tower in mid-August. On one side stood Brazil's Ana Patricia Ramos and Eduarda Santos (Duda) Lisboa, a top team from a powerhouse country. Across from them lingered Canada's Melissa Humana-Paredes and Brandie Wilkerson. The Toronto-born duo was not expected to find itself in that moment — a mere 18 tournaments over two years together had shown itself with a 1-2 record in group play. But Humana-Paredes and Wilkerson rallied to win a lucky loser match, rolled through the first two rounds of the knockout stage, then won a three-setter in the semis to buck the odds and reach the final. Still, the Canadians entered as underdogs. Then, fireworks: a closely contested first set ended with a 26-24 Brazilian win, but the Canadians returned fire with a dominant 21-12 second-set victory. Along the way, Wilkerson and Ramos jawed like NHLers in a playoff scrum, prompting the in-game DJ to cheekily play John Lennon's Imagine. After a narrow third set, Ramos and Duda emerged with the Olympic title, ruining the Canadians' Hollywood ending. Canada takes silver in women's beach volleyball after loss to Brazil 10 months ago Duration 2:03 Speaking eight months later, Humana-Paredes and Wilkerson were both still grappling with the duality of claiming Canada's first-ever women's medal in the sport while ending their tournament with a loss. "It was so much that led up to that point, not even just the two weeks at the Olympics," Humana-Paredes said. "When you're so close to being at the top and fighting for what you have been working for for so long and you fall short and like just short, that definitely hurts. "It's a huge sting. And I think it takes time for sure for that to just kind of sting less and less, but there's still so much to be proud of." Now set up for training in California, the Canadians' movie isn't over – they plan to continue working together, with the goal of gold and a literal Hollywood finish at the 2028 Olympics in Los Angeles. Humana-Paredes and Wilkerson will compete at their second stop of the Elite16 Beach Pro Tour season beginning Wednesday in Ostrava, Czech Republic. Live coverage of the tournament will be available on and CBC Gem. Their season debut in April was a bit of a reversal of their Olympic journey – the Canadians went undefeated in group play but fell in the quarterfinals, denying them a semifinal rematch against Ramos and Duda. Their next major tournament is the world championship in November in Adelaide, Australia. "Solidifying our spot as a world-class team on the World Tour is the new challenge that we're looking forward to," Wilkerson said. "We've always known we could do it. We've proven that we're the best in the world. So now to be able to do it over and over again is going to be the hardest challenge I think any athlete in any sport does, and it really differentiates the legendary ones from those that are extremely talented." Humana-Paredes and Wilkerson barely had time to process in the aftermath of their silver medal, with the regular season resuming just two weeks after that dramatic final and continuing through the fall. Humana-Paredes said their first downtime came around Christmas, but the duo took a longer-than-usual off-season to regroup. Now, they return to competition as Olympic silver medallists and with new targets painted on their backs. But in their view, the buildup to Los Angeles began two years ago – Paris was just a bonus. "We kind of have our foundation, but now it's like, OK, now we can get creative. Now we can push boundaries. I think we know we had moments where we could do that in the lead-up to Paris, but not as much as I feel like we have now," Humana-Paredes said. For Humana-Paredes, the silver medal could have been a culmination. Alongside former partner Sarah Pavan, she'd won the world title in 2019 and entered the Tokyo Olympic two years later among the favourites – only to lose in the quarterfinals. Finally reaching the Olympic podium three years later – albeit with a new teammate – could have felt like the end of a journey. Instead, it's only made her hungrier. "I look back at some of those games, I'm like, 'Oh, we can do that so much better.' And so I think there's a level of, we're not settling on that result. We keep moving forward. I think for better or for worse, you just keep moving and you keep going in the direction you want to go and you do it together," she said. Plus, while the silver was satisfying, it still did come with the bitter tinge of losing gold. "You can have both feelings. Like you can be disappointed and be super proud at the same time. And I think that's what was really eye-opening for me being like, 'Yeah, I'm all those things and more,'" Humana-Paredes said. Wilkerson is taking a similar approach. "I never want to become accustomed to not meeting my goals. That's not a good feeling. But outside of that, it's still something I'm processing and choosing to lean on how amazing of an opportunity it [was], choosing to be grateful and just be so proud," Wilkerson said. She said the attitude now goes something like this: they won Olympic silver just 18 tournaments into their time together – just think about what that could look like by 2028. "We're trying to use it to our advantage," Wilkerson said. More than anything, though, the vibes are immaculate between Humana-Paredes and Wilkerson. And that fact alone gives them confidence that, come 2028, they can take that final step. "I genuinely feel that Mel wants the best for me and I want the best for her and I think that's what's going to keep us strong throughout all of the challenges that are absolutely going to come," Wilkerson said. "We're getting to know each other more and more and she's the person I spend the most time with in my entire life. I think we find ways to enjoy that — and genuinely."
Yahoo
07-05-2025
- Business
- Yahoo
RXO finds positives in quarter marked by soft market and profit loss
(For a review of some of the data in RXO's earnings, please go here.) With another quarter of operating and net losses in the book, RXO management on its first-quarter earnings call pursued several paths to accentuate the positive. There was really only one question on the call about when the giant 3PL might return to profitability, even though it would not take a major turnaround in markets for black ink to replace red ink. But if the analysts didn't seem overly concerned about the performance of RXO, Wall Street was. Even on a day when equities overall rose, RXO stock at 12:30 p.m. was down 5.31%, to $13.03 (NYSE: RXO). The 52-week low of $12.19 was recorded April 21. RXO shares are down either side of 35% for both the year and the past three months. The positives that RXO management highlighted on the call started with the pace of implementing and digesting the acquisition of Coyote Logistics from UPS, a deal that closed in September. But various key performance indicators also came in for positive mentions. CEO Drew Wilkerson, addressing the financial performance of the company, noted that earnings before interest, taxes, depreciation and amortization of $22 million was in line with what RXO management had projected earlier. RXO also recorded an operating loss of $30 million, compared to an operating loss of $12 million in 2024's first quarter. The net loss of $31 million translated to diluted earning per share of negative 18 cents. It was negative 13 cents a year ago. Chief Strategy Officer Jared Weisfeld, in prepared remarks on the call, said RXO's brokerage volume was down 1% year over year, which he said was better than the company's expectations. Big gains in LTL And all of it, he said, came from its LTL business, which saw volume up 26% year over year – 'the result of successfully onboarding new customers.' RXO's LTL business was 25% of its volume in the first quarter, which was up 500 basis points compared to the first quarter of 2024. With those kinds of gains in the LTL business in a market growing nowhere near the size of the gains at RXO, an analyst asked Wilkerson how it's managing to grab market share. It isn't price, he said: 'If you're looking for price as a lever, that's not how we do business. We want to price in line with the overall market.' Wilkerson then laid out the broad view: 'The biggest thing that we're seeing right now is that a lot of times LTL can be a pain point for customers. It's a small piece of their revenue spend, and it's a small piece of their overall volume. But when you talk about tracking, when you talk about claims that come in, you talk about lost shipments, you talk about working with multiple different carriers for something that's a small piece of their business. They're familiar with us from the service that we've provided from the truckload side. So we're winning with large enterprise customers that are coming to us and giving us the opportunity to service LTL in addition to truckload. We're just getting started in LTL.'
Business Wire
07-05-2025
- Business
- Business Wire
RXO Announces First-Quarter Results, Successful Migration of Coyote Coverage Operations to the RXO Connect ® Platform
CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today reported its first-quarter financial results and announced the successful migration of Coyote coverage operations to the RXO Connect ® platform. 'Our technology team has been working diligently to integrate the best features of the legacy Coyote technology platform into RXO Connect. Today, I'm pleased to announce a critical integration milestone – carrier and coverage operations are now happening in one system, which will enable us to leverage our scale and realize future cost-of-purchased-transportation synergies,' said Drew Wilkerson, chief executive officer of RXO. 'We have made significant progress with the integration of Coyote and are again raising our synergy estimate. We now expect cash synergies to be more than $70 million. This estimate does not include cost-of-purchased-transportation opportunities, which we expect will be significant.' Wilkerson said, 'In the first quarter, RXO grew less-than-truckload brokerage volume by 26% year-over-year and saw continued momentum within Last Mile, which achieved stop growth of 24% year-over-year. RXO is well positioned for the long term because of our larger scale, exceptional service, comprehensive solutions, industry-leading innovation and deep customer relationships.' Companywide Results RXO's revenue was $1.4 billion for the first quarter, compared to $913 million in the first quarter of 2024. Gross margin was 16.0%, compared to 17.4% in the first quarter of 2024. The company reported a first-quarter 2025 GAAP net loss of $31 million, compared to a net loss of $15 million in the first quarter of 2024. The first-quarter 2025 GAAP net loss included $20 million in transaction, integration, restructuring and other costs. Adjusted net loss in the quarter was $5 million, compared to an adjusted net loss of $4 million in the first quarter of 2024. Adjusted EBITDA was $22 million, compared to $15 million in the first quarter of 2024. Adjusted EBITDA margin was 1.5%, compared to 1.6% in the first quarter of 2024. Transaction, integration, restructuring and other costs, and amortization of intangibles, impacted GAAP earnings per share by $0.15, net of tax. For the first quarter, RXO reported a GAAP diluted loss per share of $0.18. Adjusted diluted loss per share was $0.03. Brokerage Volume in RXO's Brokerage business, including the impact of the Coyote Logistics acquisition in both periods, declined by 1% year-over-year in the first quarter. Less-than-truckload volume increased by 26% but was offset by an 8% decline in full truckload volume. Brokerage gross margin was 13.3% in the first quarter. Complementary Services Managed Transportation increased the synergy loads provided to Brokerage. Last Mile stops grew by 24% year-over-year. RXO's complementary services gross margin was 21.0% for the quarter. Second-Quarter Outlook RXO expects second-quarter 2025 adjusted EBITDA to be between $30 million and $40 million. The company expects second-quarter 2025 Brokerage gross margin to be between 13% and 15%. Conference Call The company will hold a conference call and webcast on Wednesday, May 7 at 8 a.m. Eastern Daylight Time. Participants can call in toll-free (from U.S./Canada) at 1-800-549-8228; international callers dial +1-289-819-1520. The conference ID is 81237. A live webcast of the conference call will be available on the investor relations area of the company's website, A replay of the conference call will be available through May 14, 2025, by calling toll-free (from U.S./Canada) 1-888-660-6264; international callers dial +1-289-819-1325. Use the passcode 81237#. Additionally, the call will be archived on About RXO RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. Visit for more information and connect with RXO on Facebook, X, LinkedIn, Instagram and YouTube. Non-GAAP Financial Measures We provide reconciliations of the non-GAAP financial measures contained in this release to the most directly comparable measure under GAAP, which are set forth in the financial tables attached to this release. The non-GAAP financial measures in this release include: adjusted earnings before interest, taxes, depreciation and amortization ('adjusted EBITDA'); adjusted EBITDA margin; and adjusted net loss and adjusted diluted loss per share ('adjusted EPS'). We believe that these adjusted financial measures facilitate analysis of our ongoing business operations because they exclude items that may not reflect, or are unrelated to, RXO's core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying businesses. Other companies may calculate these non-GAAP financial measures differently, and therefore our measures may not be comparable to similarly titled measures of other companies. These non-GAAP financial measures should only be used as supplemental measures of our operating performance. Adjusted EBITDA, adjusted EBITDA margin, adjusted net loss and adjusted EPS include adjustments for transaction and integration costs, as well as restructuring costs and other adjustments as set forth in the attached tables. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and evaluating RXO's ongoing performance. We believe that adjusted EBITDA and adjusted EBITDA margin improve comparability from period to period by removing the impact of our capital structure (interest and financing expenses), asset base (depreciation and amortization), tax impacts and other adjustments that management has determined do not reflect our core operating activities and thereby assist investors with assessing trends in our underlying business. We believe that adjusted net loss and adjusted EPS improve the comparability of our operating results from period to period by removing the impact of certain costs that management has determined do not reflect our core operating activities, including amortization of acquisition-related intangible assets, transaction and integration costs, restructuring costs and other adjustments as set out in the attached tables, and thereby may assist investors with comparisons to prior periods and assessing trends in our underlying business. With respect to our financial outlook for the second quarter of 2025 adjusted EBITDA, a reconciliation of this non-GAAP measure to the corresponding GAAP measure is not available without unreasonable effort due to the variability and complexity of the reconciling items described above that we exclude from this non-GAAP measure. The variability of these items may have a significant impact on our future GAAP financial results and, as a result, we are unable to prepare the forward-looking statement of income and statement of cash flows prepared in accordance with GAAP that would be required to produce such a reconciliation. Forward-looking Statements This release includes forward-looking statements, including statements relating to our outlook, integration with Coyote Logistics and cash synergies. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "predict," "should," "will," "expect," "project," "forecast," "goal," "outlook," "target,' or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risks discussed in our filings with the SEC and the following: the effect of the completion of the transaction to acquire Coyote Logistics on the parties' business relationships and business generally; competition and pricing pressures; economic conditions generally; fluctuations in fuel prices; increased carrier prices; severe weather, natural disasters, terrorist attacks or similar incidents that cause material disruptions to our operations or the operations of the third-party carriers and independent contractors with which we contract; our dependence on third-party carriers and independent contractors; labor disputes or organizing efforts affecting our workforce and those of our third-party carriers; legal and regulatory challenges to the status of the third-party carriers with which we contract, and their delivery workers, as independent contractors, rather than employees; our ability to develop and implement suitable information technology systems and prevent failures in or breaches of such systems; the impact of potential cyber-attacks and information technology or data security breaches; issues related to our intellectual property rights; our ability to access the capital markets and generate sufficient cash flow to satisfy our debt obligations; litigation that may adversely affect our business or reputation; increasingly stringent laws protecting the environment, including transitional risks relating to climate change, that impact our third-party carriers; governmental regulation and political conditions; our ability to attract and retain qualified personnel; our ability to successfully implement our cost and revenue initiatives and other strategies; our ability to successfully manage our growth; our reliance on certain large customers for a significant portion of our revenue; damage to our reputation through unfavorable publicity; our failure to meet performance levels required by our contracts with our customers; the inability to achieve the level of revenue growth, cash generation, cost savings, improvement in profitability and margins, fiscal discipline, or strengthening of competitiveness and operations anticipated or targeted; a determination by the IRS that the distribution or certain related separation transactions should be treated as taxable transactions; and the impact of the separation on our businesses, operations and results. All forward-looking statements set forth in this release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this release speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, except to the extent required by law. RXO, Inc. Condensed Consolidated Balance Sheets (Unaudited) March 31, (Dollars in millions, shares in thousands, except per share amounts) 2025 2024 ASSETS Current assets Cash and cash equivalents $ 16 $ 35 Accounts receivable, net of $11 and $13 in allowances, respectively 1,150 1,227 Other current assets 89 77 Total current assets 1,255 1,339 Long-term assets Property and equipment, net of $333 and $317 in accumulated depreciation, respectively 143 135 Operating lease assets 256 276 Goodwill 1,124 1,123 Identifiable intangible assets, net of $134 and $146 in accumulated amortization, respectively 484 499 Other long-term assets 42 42 Total long-term assets 2,049 2,075 Total assets $ 3,304 $ 3,414 LIABILITIES AND EQUITY Current liabilities Accounts payable $ 498 $ 568 Accrued expenses 358 373 Short-term debt and current maturities of long-term debt 17 17 Short-term operating lease liabilities 80 81 Other current liabilities 11 26 Total current liabilities 964 1,065 Long-term liabilities Long-term debt and obligations under finance leases 387 351 Deferred tax liabilities 77 88 Long-term operating lease liabilities 201 215 Other long-term liabilities 88 83 Total long-term liabilities 753 737 Commitments and Contingencies Equity Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024 — — Common stock, $0.01 par value; 300,000 shares authorized; 163,912 and 162,517 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 2 2 Additional paid-in capital 1,908 1,904 Accumulated deficit (315 ) (284 ) Accumulated other comprehensive loss (8 ) (10 ) Total equity 1,587 1,612 Total liabilities and equity $ 3,304 $ 3,414 Expand RXO, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months Ended March 31, (In millions) 2025 2024 Operating activities Net loss $ (31 ) $ (15 ) Adjustments to reconcile net loss to net cash from operating activities Depreciation and amortization expense 32 16 Stock compensation expense 7 5 Deferred tax benefit (11 ) (7 ) Impairment of operating lease assets 4 — Other 2 2 Changes in assets and liabilities Accounts receivable 76 27 Other current assets and other long-term assets (10 ) (1 ) Accounts payable (56 ) (41 ) Accrued expenses, other current liabilities and other long-term liabilities (15 ) 21 Net cash provided by (used in) operating activities (2 ) 7 Investing activities Payment for purchases of property and equipment (15 ) (11 ) Business acquisition, net of cash acquired (10 ) — Net cash used in investing activities (25 ) (11 ) Financing activities Proceeds from borrowings on revolving credit facilities 300 39 Repayment of borrowings on revolving credit facilities (265 ) (31 ) Payment for tax withholdings related to vesting of stock compensation awards (17 ) (2 ) Other (11 ) — Net cash provided by financing activities 7 6 Effect of exchange rates on cash, cash equivalents and restricted cash 1 — Net increase (decrease) in cash, cash equivalents and restricted cash (19 ) 2 Cash, cash equivalents, and restricted cash, beginning of period 35 5 Cash, cash equivalents, and restricted cash, end of period $ 16 $ 7 Supplemental disclosure of cash flow information: Leased assets obtained in exchange for new operating lease liabilities $ 4 $ 23 Cash paid for income taxes, net 1 1 Cash paid for interest, net 2 1 Purchases of property and equipment in accounts payable, accrued expenses and other liabilities 11 2 Accrued tax withholdings related to vesting of stock compensation awards 1 — Expand RXO, Inc. Revenue Disaggregated by Service Offering (Unaudited) Three Months Ended March 31, (In millions) 2025 2024 Revenue Truck brokerage $ 1,067 $ 564 Last mile 278 232 Managed transportation 137 152 Eliminations (49 ) (35 ) Total $ 1,433 $ 913 Expand RXO, Inc. Reconciliation of Net Loss to Adjusted EBITDA and Adjusted EBITDA Margin (Unaudited) Three Months Ended March 31, (In millions) 2025 2024 Reconciliation of Net Loss to Adjusted EBITDA Net loss $ (31 ) $ (15 ) Interest expense, net 9 8 Income tax benefit (8 ) (6 ) Depreciation and amortization expense 32 16 Transaction and integration costs 6 1 Restructuring and other costs 14 11 Adjusted EBITDA (1) $ 22 $ 15 Revenue $ 1,433 $ 913 Adjusted EBITDA margin (1) (2) 1.5 % 1.6 % (1) See the 'Non-GAAP Financial Measures' section of the press release. (2) Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Revenue. Expand RXO, Inc. Reconciliation of Net Loss to Adjusted Net Loss and Adjusted Diluted Loss Per Share (Unaudited) Three Months Ended March 31, (Dollars in millions, shares in thousands, except per share amounts) 2025 2024 Reconciliation of Net Loss to Adjusted Net Loss and Adjusted Diluted Loss Per Share Net loss $ (31 ) $ (15 ) Amortization of intangible assets 15 3 Transaction and integration costs 6 1 Restructuring and other costs 14 11 Income tax associated with adjustments above (1) (9 ) (4 ) Adjusted net loss (2) $ (5 ) $ (4 ) Adjusted diluted loss per share (2) $ (0.03 ) $ (0.03 ) Weighted-average shares outstanding Diluted 168,023 117,217 (1) The tax impact of non-GAAP adjustments represents the tax benefit (expense) calculated using the applicable statutory tax rate that would have been incurred had these adjustments been excluded from net income (loss). Our estimated tax rate on non-GAAP adjustments may differ from our GAAP tax rate due to differences in the methodologies applied. (2) See the 'Non-GAAP Financial Measures' section of the press release. Expand RXO, Inc. Calculation of Gross Margin and Gross Margin as a Percentage of Revenue (Unaudited) Three Months Ended March 31, (Dollars in millions) 2025 2024 Revenue Truck brokerage $ 1,067 $ 564 Complementary services (1) 415 384 Eliminations (49 ) (35 ) Revenue $ 1,433 $ 913 Cost of transportation and services (exclusive of depreciation and amortization) Truck brokerage $ 924 $ 484 Complementary services (1) 278 250 Eliminations (49 ) (35 ) Cost of transportation and services (exclusive of depreciation and amortization) $ 1,153 $ 699 Direct operating expense (exclusive of depreciation and amortization) Truck brokerage $ 1 $ — Complementary services (1) 47 53 Direct operating expense (exclusive of depreciation and amortization) $ 48 $ 53 Direct depreciation and amortization expense Truck brokerage $ — $ — Complementary services (1) 3 2 Direct depreciation and amortization expense $ 3 $ 2 Gross margin Truck brokerage $ 142 $ 80 Complementary services (1) 87 79 Gross margin $ 229 $ 159 Gross margin as a percentage of revenue Truck brokerage 13.3 % 14.2 % Complementary services (1) 21.0 % 20.6 % Gross margin as a percentage of revenue 16.0 % 17.4 % (1) Complementary services include last mile and managed transportation services. Expand
Yahoo
14-04-2025
- Yahoo
Boston man sentenced to prison for illegally trafficking machine gun conversion devices
BOSTON (WWLP) – A Boston man was sentenced in federal court last Thursday for illegally trafficking a dozen machine gun conversion devices. In February 2023, 26-year-old Elijah Navarro was arrested and charged alongside co-defendant 23-year-old Michael Wilkerson following an investigation into illegal firearm trafficking in the Boston area. Charging documents stated that in January 2023, Navarro planned to sell 12 machine gun conversion devices for $1,700. Springfield man arrested for alleged child assault, gun and cocaine seized After communicating with the buyer, Navarro reportedly met with the individual twice at a predetermined location. On January 19, 2023, Navarro met with the buyer and sold two machine gun conversion devices for $400, and on January 25, 2023, he sold ten more devices for $1,300. The second transaction was conducted at Wilkerson's home. Investigators obtained a search warrant for Navarro and Wilkerson's residences in February 2023, and found multiple rounds of ammunition in Navarro's home. When searching Wilkerson's home, officers found two 3-D printers, 3-D printing material, machine gun conversion devices, a ballistic vest, firearms, magazines, and ammunition. Neither of the suspects had licenses to import, manufacture, deal, or possess firearms. In December 2023, Navarro pleaded guilty to one count of engaging in the business as a manufacturer or dealer in firearms and two counts of the transfer or possession of a machine gun. Navarro was sentenced last Thursday to one year and one day in prison, followed by three years of supervised release. Wilkerson was sentenced in April 2024 to 20 months in prison followed by two years of supervised release. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
