XPO Tempers 2019 EBITDA Growth Expectations; Sentiment Swings Negative
Global transportation and logistics provider XPO Logistics’ issued a brief 8-K indicating management expects adjusted EBITDA growth of 12%-15% in 2019, down from its previous “base case†of 15%-18% discussed on its third-quarter conference call in November. This compares with consensus that’s been baking in an approximate 15%-16% EBITDA increase for next year. The firm also expects free cash flow of $650 million in 2019, which compares with prior consensus of more than $800 million. Management d...XPO Logistics is a global provider of supply chain solutions to various companies. The company has two reporting segments: Transportation and Logistics. The company's Transportation segment facilitates the movement of raw materials, parts and finished goods. The company's transportation services include truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation. The company's Logistics segment services include warehousing, distribution and inventory management, omnichannel and e-commerce fulfillment, reverse logistics, cold chain solutions, packaging and labeling, factory support, aftermarket support and order personalization services.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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