XPO Logistics (XPO) Tops Q2 EPS by 4c; Acquires Freight Ops of Kelron Logistics

XPO Logistics (NYSE: XPO) reported Q2 EPS of ($0.17), $0.04 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $54.5 million versus the consensus estimate of $55.03 million.

On August 3, 2012, XPO Logistics acquired the freight brokerage operations of Kelron Logistics, Inc., a non-asset, third party logistics business based in Canada. Founded in 1992, Kelron Logistics serves more than 1,000 customers through locations in Toronto, Ontario; Vancouver, British Columbia; Montreal, Quebec; and Cleveland, Ohio. Kelron Logistics generated trailing 12 months revenue of approximately $100 million as of June 30, 2012. The cash purchase price was $8 million, excluding any working capital adjustments.

For earnings history and earnings-related data on XPO Logistics (XPO) click here.

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