XPO

Chalk up another one Saul! I think this takes over the #1 growth position!

Increases fourth quarter revenue by 223% to $831 million
Exceeds year-end target run rates for $3 billion of revenue and $150 million of EBITDA
Provides 2015 outlook and reaffirms 2017 targets
For the fourth quarter of 2014, total gross revenue increased 223.0% year-over-year to $830.7 million, and net revenue increased 463.8% to $299.4 million.
The company has approximately $1.5 billion in available capital, including approximately $1.1 billion in cash, as well as undrawn capacity on its asset-backed loan facility
Provides 2015 Outlook and Reaffirms Long-Term Targets
The company provided the following financial targets for 2015:
An annual revenue run rate of at least $5.25 billion by December 31;
An annual EBITDA run rate of at least $300 million by December 31; and
At least $1.5 billion of acquired historical annual revenue for the full year.
The company reaffirmed its financial targets for the full year 2017:
Revenue of approximately $9.0 billion; and
EBITDA of approximately $575 million.
CEO Comments
Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, “The fourth quarter was our strongest performance yet, with higher-than-expected EBITDA of $42 million and revenue of $831 million. We built broad-based momentum across our operations: company-wide organic growth of 39%, significant strength in our truck brokerage and contract logistics businesses, and a sales force focused on cross-selling our capabilities in the fastest-growing areas of logistics. Our infrastructure, which we put in place to support a much larger organization, is beginning to return significant operating leverage.”
Jacobs continued, “We set high expectations for 2014 and we delivered. Now we’re executing toward our 2015 targets of at least $5.25 billion of revenue run rate and $300 million of EBITDA run rate by year-end. We’ve opened two cold-starts in the last two months, and we recently completed our purchase of UX Specialized Logistics. We’re primed to capitalize on our acquisition pipeline with $1.5 billion of fresh powder. We’re ahead of plan, and we’re still in the early stages of our growth.”

Yowza!!!
KLVanLiew

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