GXO reports Q1 record revenue $2.3B (+12% YoY), raises FY adjusted EPS guidance to $2.40-$2.60

GXO Logistics, Inc.

2023-Q1 EPS reported $0.21 revenue$2,323,000,000

Revenue $2.3B (+12% YoY); net income $25M; adj. EBITDA $158M; diluted EPS $0.21, adj. diluted EPS $0.49.
FY2023 guidance raised: adj. diluted EPS now $2.40-$2.60 (up $0.10), adj. EBITDA $715-$745M (up $15M).
Signed GXO's largest-ever annual revenue contract with Sainsbury's (~$1B lifetime value); pipeline ~$2.3B.
Q1 e-commerce revenue up 34% YoY; reverse logistics up 50% YoY; record tech deployment up 64%.
Incremental 2023 revenue secured through Q1: $782M; revenue retention mid-to-high 90s.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GXO Logistics, Inc. reported first quarter 2023 results: revenue $2.3 billion, net income $25 million, EPS $0.21. Guidance raised.

Period: first quarter 2023
Revenue: $2.3 billion
Net income: $25 million
EPS: $0.21
Guidance: raised
Result: reported results

Exact text from the filing

GXO Logistics, Inc. (NYSE: GXO) today announced results for the first quarter 2023. Malcolm Wilson, Chief Executive Officer of GXO, said, “We’ve had a great start to the year, with strong top- and bottom-line results showcasing the strength and predictability of our business. In the first quarter, we delivered record revenue of $2.3 billion, up 12 percent year over year; $25 million of net income attributable to GXO; and $158 million of adjusted EBITDA, reflecting stellar operational performance.

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Source: SEC EDGAR

accession 0001852244-23-000017

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