earnings
confidence high
sentiment positive
materiality 0.70
GXO reports Q4 revenue $2.6B, adj. EPS $0.70; guides 2024 adj. EBITDA $760-$790M
GXO Logistics, Inc.
2023-FY EPS reported
$1.92
revenue$9,778,000,000
- Q4 revenue $2.6B, net income $73M; adj. EBITDA $193M; diluted EPS $0.61, adj. diluted EPS $0.70.
- Full year 2023 revenue $9.8B, net income $229M; adj. EBITDA $741M; diluted EPS $1.92, adj. diluted EPS $2.59.
- Full year cash from ops $558M (244% of net income); free cash flow $302M (41% of adj. EBITDA).
- 2024 guidance: organic revenue growth 2%-5%; adj. EBITDA $760-$790M; adj. diluted EPS $2.70-$2.90; free cash flow conversion 30%-40%.
- Signed >$1B annualized revenue in 2023; ~40% from outsourcing; pipeline ~$2B; acquired PFSweb Oct 2023.