secwatch.observer — SEC 8-K summary
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Issuer:     GXO Logistics, Inc. (GXO)
CIK:        0001852244
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001852244-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852244/000185224424000011/0001852244-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852244/000185224424000011/gxo-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001852244-24-000011

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