secwatch.observer — SEC 8-K summary
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Issuer:     GXO Logistics, Inc. (GXO)
CIK:        0001852244
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001852244-23-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852244/000185224423000036/0001852244-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852244/000185224423000036/gxo-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001852244-23-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer