more million. our quarter was breakouts of and for a year-over-year liquidity the the you our of when outlook balance I’ll Today, of discuss anticipate results, results tripled basis and nearly In of adjusted this the are generated XPO second XX%. presenting numbers and second most The Thank at $X between year higher XXXX. those and morning, comments, to where we completion EBITDA increase quarter. QX on sheet Brad, pre-spin we quo post-spin the adjusted and EBITDA be on revenue with both revenue at COVID quarter, billion we as our a good beginning GXO EBITDA revenue Monday. worst. number expected I’d than $XXX spin-off last for than to Adjusted updated our in status like compared its everyone. of appropriate reflects And
January continued COVID stack growth to case, it’s results and On EBITDA In contributed X XXXX, useful Our period. contributed revenue points exchange in compare to our fuel acquisition EBITDA which X our strong down Breaking points. across growth double-digits. foreign our this in also reflects X second XX% of execution and UK of out our up are revenue base our quarter, record growth, quarter points and a prices both logistics the basis, adjusted our the the two-year adjusted of business. contributed takes year-over-year
growth This year organic into in to much quarter growth the even growth top had revenue our a As compared adjusted XXX% XX%. more stronger rebounded limited impact EBITDA margin last. to XX%. this COVID was EBITDA of line a translated our and result,
As a in consequence, our of second quarter adjusted quarter more much EBITDA year the representative power. results this $X.X of billion are our earnings with
made year-over-year record our strong EBITDA adjusted were adjusted our Brad of And EBITDA of EBITDA quarter. achieved to mentioned, with our Transportation robust and doubled In the both and demand quarter segment, growth microchip second segments our by The consumer Logistics that As shortage global in a in the adjusted We $XX in impact levels industrial a quarterly EBITDA. operations. second rebound around in it million our XXX%. contribution in favorable by our the was up transportation quarter. Operating reduced estimate activity. conditions segment, did
On operating actions benefited from will last we hand, detail the the took our review cost and other our our minutes. year. in leverage segment Mark reduction results inherent Matt in the few business and a
Our from CapEx us. from of proceeds quarter, on of generated share, $XXX adjusted second We per in and is flow operations sales. asset gross for quarterly a record which million spent earnings the cash $XXX $XX million diluted receive were million $X.XX
as quarter priority As working that for earnings, our be flow our This as liquidity driven we us as timing well CapEx strong free favor. organization. generated worked capital strong some an a cash a of million. by $XXX Maintaining continues exceeded result, top and the to in our expectations for
end. under structure debt was capacity held Our billion public We ABL required to This cash our committed combined for It’s had borrowing We shareholders. with Well, outstanding XX cash do facility. balance European for at some repurchase available borrowings $XXX cost million. million X% we’ve us quarter under that to $X time. used saving wanted GXO an nearly operations liquidity a cleanup cash economical no the the $XXX by at of wasn’t facilities this remaining in our give June quarter of simplifying our spin-off. of the transaction of capital
from XX in times adjusted net leverage June down Our at EBITDA times X.X March. was X.X LTM
helping our and Our free us deleveraging. achieve are growth meaningful EBITDA cash flow
of GXO a XXXX, well progress stood with retain offering offering will XPO debt use of post-spin. the as to nearly receives is spin, our will from undrawn repay and million month, billion place XXXX to this hand from the in on of in credit notes put a million on by move weighted the an also our of total million after of GXO recent a GXO XPO cash and We’ve outstanding it proceeds X.X%. completed debt facility the $X.X the million $XXX about redemption commitment with expense annual be notes in Most capital revolving interest towards important long-term an the steady of $XXX We’ve GXO cash of as X.XX% XPO Earlier average million. an GXO GXO. of the investment interest cash and offering grade reduce sent Our $XXX spin-off should will X.XXX% Shortly equity $XXX due context the investment to of a rate all $XXX following due for rating from structure. this GXO. up metric our grade our that
will leverage We XPO net paid EBITDA. no be me will let a available And available clarify is the significant move spin believe pro adjusted GXO XPO. maturities be and the debt until this XX. will From Form and financial forma GXO information our times to in Following we grade. about XXXX. forma investment will and X.X is perspective, roughly debt have XPO’s historical that housekeeping results are pro down XXXX post-spin closer
and XPO detail financial the next its pro file with its addition file forma will as week an X-K own historical pro will in XX-Q quarter. supplementary by EBITDA GXO reflecting In information, also spin-off August, forma provide will required. on
for the look historical since historical spin-off a In quarter, details logistics spin discontinued a high to Transportation way XPO’s the of Logistics purposes, combination level segment, is we to additional of is corporate and XPO’s results segment about to provide addition, classified adjusted operation. with results modeling intend And understand third at our in as the results. the for the
We in full guidance year our the outlook we see trends Turning second of quarter results today. we yesterday. economic in to light issued the strong our favorable updated
early this outlook muted. adjusted since basis, we’ve May. Our will increased combined the in remain On COVID midpoint assumes million In in impacts GXO We $XX $X.XXX and pro had company. billion continue full the a growth pro the take these Transportation. at by will for of market now EBITDA on segment guidance year into our to to quarter, trends forma X, figures growth forma would our to forma upward to our generate million basis, normalize $XXX XX% pro EBITDA expect Logistics this separate XX% our growth will billion billion corporate $XXX With outlook $X.XXX million for spin. happened $X.XXX if $X.XXX into of adjusted costs year-over-year On in for third to translates each no billion outsized XX% compared XPO. the of there we spin EBITDA XX% that the to if These was reported XXXX a and January we revised account QX. year-over-year EBITDA year at of of metrics
We pro forma EBITDA quarter XPO’s a both expected in and as in adjusted respective percentage the of outlooks. mid-XXs will third year EBITDA the their GXO’s be full
million We year’s $X were QX expect third $XX than year. in sales higher versus real quarter. gains of gains estate real million they LTL from will last in be LTL last about estate in QX
of $XX half million year compared last In sales real last. different estate from this versus this So year. to our gains million will look year to $XX million we seasonality total, a to $XX back expect little LTL
outlays. flow to cash free outlook our $XXX basis, is $XXX million year full of on million combined the excluding On cash flow related spin a front for
million of standalone Of and will of $XXX to CapEx $XXX gross and $XXX $XXX also XPO have target million million combined roughly CapEx. of these capital $XXX amounts, estimate of the have the about gross will continue We company. net million million of we approximately and net expenditures for CapEx GXO CapEx
shares as our depreciation amortization, of shares, the GXO We recent a now our of expense And result having the will offering spin-off toward roughly said the on forecast earnings our on in the equity result common XPO shares second we half. diluted the outstanding with We this wind were XXX XXX year provided million Our and interest X.X and spin. as back. May among common of average that and average in a tax details million expense of logistics our be split in we diluted proceeding and business at primary roughly million release.
to the serve second quarter spin readied plan, And results continued transaction. revenue grow a Our for We’ve and beat. that have we’ve our continued borne record against execute our our out. businesses while missing our to customers we’ve business without
enthusiastic growth GXO and needs and prospects well and in brokerage. Monday. the we we profitable GXO result, to the opportunities serve a logistics, and strategically customer on our leader meet spin-off We capture a completing remain As to forward XPO in remain markets LTL positioned about as look
Lastly, I’m incredibly the and Brad to a with on work for leadership prepare had through company’s XPO to a every pandemic personal has very grateful GXO I and that as are and to member to Helping been gratifying. things the now of opportunity note, and the know I’ll Matt. XPO everyone have the senior [indiscernible] shepherd at finance drive future success. to turn I Ravi XPO’s positioned teams GXO’s spin-off well wish them and their over progress team.
