GXO Q3 revenue grows 8% to $2.5B; adj EPS guidance upgraded to $2.55-2.65; organic rev growth cut to 2-4%

GXO Logistics, Inc.

2023-Q3 EPS reported $1.31 revenue$7,188,000,000

Q3 revenue $2.5B (+8% YoY); net income $66M; operating income +25%.
Adjusted EBITDA $200M; cash from ops $243M vs $116M; free cash flow $191M vs $47M.
FY2023 guidance: adj EPS upgraded to $2.55-2.65; adj EBITDA to $730-755M; organic rev growth revised to 2-4% from 6-8%.
New business wins YTD $841M; incremental 2024 revenue $520M; sales pipeline ~$2B.
Completed acquisition of PFSweb on Oct 23, 2023.

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 September 30, 2023 results: revenue $2.5 billion, net income $66 million.

Period: the fiscal quarter ended September 30, 2023
Revenue: $2.5 billion
Net income: $66 million
Result: reported results

Exact text from the filing

set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- GXO Reports Third Quarter 2023 Results Highlights • Third quarter revenue grew 8% year over year to $2.5 billion, and organic revenue 1 grew 3% • Net income attributable to GXO grew to $66 million; operating income increased by 25%; operating margins improved by 49 basis points; and

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Source: SEC EDGAR

accession 0001852244-23-000036

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