GXO posts record Q2 revenue of $2.8B (+19% YoY); net income falls to $39M

GXO Logistics, Inc.

2024-Q2 EPS reported $0.01 revenue$5,302,000,000

Revenue rose 19% to record $2.8B; organic revenue growth 2%.
Net income $39M ($0.32 diluted EPS) vs $66M ($0.54) prior year.
Adjusted EBITDA $187M vs $190M; adjusted diluted EPS $0.55 vs $0.70.
Signed ~$270M in annualized new business; sales pipeline at $2.3B record.
Closed Wincanton acquisition; reaffirmed full-year 2024 guidance.

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