---
schema_version: "secwatch.filing_event.v1"
accession: "0001852244-23-000017"
form_type: "8-K"
ticker: "GXO"
cik: "0001852244"
company_name: "GXO Logistics, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:03:19.843005+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001852244-23-000017
- form_type: 8-K
- ticker: GXO
- cik: 0001852244
- company_name: GXO Logistics, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852244/000185224423000017/0001852244-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852244/000185224423000017/gxo-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001852244-23-000017
- JSON: https://secwatch.observer/filing/0001852244-23-000017.json
- Plain text: https://secwatch.observer/filing/0001852244-23-000017.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852244/000185224423000017/0001852244-23-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.