XPO's Q4 net income falls 4.7% year-over-year to US$122M from US$128M; revenue up 14.4% to a quarterly record of US$3.36B from US$2.94B, with North American LTL segment revenue up 9.6%, brokerage and other services up 17.1%

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GREENWICH, Connecticut , February 9, 2022 (press release) –

 XPO  Logistics,  Inc.  (NYSE: XPO) today  announced its  financial  results  for the  fourth  quarter  2021.  Revenue  increased  to  $3.36  billion  for the  fourth quarter, compared  with  $2.94  billion  for  the  same  period  in  2020.  Net  income  from  continuing operations  attributable  to  common  shareholders  was  $126  million  for  the  fourth  quarter,  compared with  $34  million  for  the  same  period  in  2020.  Operating  income  was  $174  million  for  the  fourth quarter,  compared  with  $153  million  for  the  same  period  in  2020.  Income  from  continuing  operations was  $126  million,  compared  with  $66  million  for the  same  period  in  2020.  Diluted  earnings  from continuing  operations  per  share  was  $1.08  for the  fourth  quarter, compared  with  $0.33  for the  same period  in  2020.  

Adjusted  net  income  attributable  to  common  shareholders,  a  non-GAAP  financial  measure,  was $155  million  for  the  fourth  quarter,  compared  with  $54  million  for  the  same  period  in  2020.

Adjusted diluted  earnings  from  continuing  operations  per  share,  a  non-GAAP  financial  measure,  was  $1.34  for the  fourth  quarter,  compared  with  $0.53  for the  same  period  in  2020.   Adjusted  earnings  before  interest,  taxes,  depreciation  and  amortization  (“adjusted  EBITDA”), a  nonGAAP  financial  measure,  increased  to  $323  million  for  the  fourth  quarter,  compared  with  $289 million  for  the  same  period  in  2020.  

For  the  fourth  quarter  2021, the  company  generated  $98  million  of  cash  flow  from  operating  activities and  $57  million  of  free  cash  flow,  a  non-GAAP  financial  measure.  For  the  full  year  2021,  the company  generated  $656  million  of  cash  flow  from  operating  activities  and  $475  million  of  free  cash flow.  

Reconciliations  of  non-GAAP  financial  measures  used  in  this  release  are  provided  in  the  attached financial  tables.   

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