XPO Inc ( XPO ) reported first-quarter financial results before the market open on Wednesday. Here’s a look at the key metrics from the quarter.

Q1 Revenue: $1.95 billion, versus estimates of $1.98 billion

Q1 Adjusted EPS: 73 cents, versus estimates of 65 cents

Total revenue was down from $2.02 billion in the prior year’s quarter, primarily due to lower fuel surcharge revenue in the North American Less-Than-Truckload (LTL) segment.

XPO generated $142 million in cash flow from operations and ended the quarter with $212 million of cash and cash equivalents on hand.

“We carried our momentum into 2025 and delivered first quarter financial results that outperformed the industry. Companywide, we reported adjusted EBITDA of $278 million and adjusted diluted EPS of $0.73, while operating more efficiently,” said Mario Harik, CEO of XPO.

“Our plan is driving results, with a long runway for margin expansion, supported by superior service and high-return investments in our network. We’re executing to achieve years of outperformance, regardless of the freight market environment.”

XPO executives are currently discussing the quarter on a conference call that kicked off at 8:30 a.m. ET.

XPO Price Action: XPO shares were up 6.74% at $104.00 at the time of publication Wednesday, according to Benzinga Pro.

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