GXO prelim Q1 rev ~$2.5B, net loss $36M on $63M litigation charge; reiterates FY24 guidance, updates 2027 targets

GXO Logistics, Inc.

2024-Q1 EPS reported -$0.31 revenue$2,456,000,000

Revenue ~$2.5B; net loss ~$36M (incl $63M legacy litigation); adj EBITDA ~$154M.
New business wins up 55% YoY to ~$250M; pipeline $2.2B; wins with Boeing, Guess, Michelin, WH Smith.
FY24 guidance reiterated: organic rev growth 2-5%, adj EBITDA $760-790M, adj EPS $2.70-2.90 standalone.
Updated FY24 guidance incl Wincanton: adj EBITDA $805-835M, adj EPS $2.73-2.93; acquisition subject to conditions.
2027 targets: revenue ~$15.5-16.0B, adj EBITDA ~$1.25-1.30B, adj EPS CAGR >15%, FCF conv >30%.

item 2.02 item 7.01 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 full year 2024 results: EPS Adjusted diluted EPS 2 of $2.73 to $2.93. Guidance initiated.

Period: full year 2024
EPS: Adjusted diluted EPS 2 of $2.73 to $2.93
Guidance: initiated
Result: guidance update

Exact text from the filing

Standalone basis (unchanged): • Organic revenue growth 2 of 2% to 5%; • Adjusted EBITDA 2 of $760 million to $790 million; • Adjusted diluted EPS 2 of $2.70 to $2.90; and • Free cash flow conversion 2 of 30% to 40% of adjusted EBITDA 2.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GXO Logistics, Inc. reported full year 2024 results: EPS Adjusted diluted EPS 2 of $2.73 to $2.93. Guidance initiated.

Period: full year 2024
EPS: Adjusted diluted EPS 2 of $2.73 to $2.93
Guidance: initiated
Result: guidance update

Exact text from the filing

Including expected impact of Wincanton acquisition, subject to the satisfaction of customary conditions: • Organic revenue growth 2 of 2% to 5%; • Adjusted EBITDA 2 of $805 million to $835 million; • Adjusted diluted EPS 2 of $2.73 to $2.93; and • Free cash flow conversion 2 of 30% to 40% of adjusted EBITDA 2.

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Source: SEC EDGAR

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