GXO Q2 revenue $2.4B up 11% YoY; raises FY adjusted EPS and EBITDA guidance

GXO Logistics, Inc.

2023-Q2 EPS reported $0.75 revenue$4,717,000,000

Q2 net income $65M (+27% YoY); diluted EPS $0.54, adjusted $0.70.
Raised FY 2023 guidance: adjusted EPS to $2.45–$2.65, adjusted EBITDA to $725–$755M.
Record Q2 new business wins of ~$500M; sales pipeline grew to $2.1B.
Operating income +68%; margins improved 140 bps; created Chief Automation Officer.

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 0.9

GXO Logistics, Inc. reported the fiscal quarter ended June 30, 2023 results: revenue $2.4 billion, net income $65 million, EPS $0.54. Guidance raised.

Period: the fiscal quarter ended June 30, 2023
Revenue: $2.4 billion
Net income: $65 million
EPS: $0.54
Guidance: raised
Result: reported results

Exact text from the filing

GXO Reports Second Quarter 2023 Results Highlights • Second quarter revenue grew 11% year over year to $2.4 billion, and organic revenue 1 grew 3% • Net income attributable to GXO grew 27% to $65 million; operating income increased by 68%; operating margins improved by 140 bps; adjusted EBITDA 1 grew to $190 million; diluted EPS increased to $0.54, and adjusted diluted EPS 1 to $0.70 • Raised full-year 2023 profit guidance: ◦ Adjusted diluted earnings per share 1 raised $0.05 to $2.45-$2.65 ◦ Adjusted EBITDA 1 raised $10 million to $725-$755 million

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Source: SEC EDGAR

accession 0001852244-23-000026

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