GXO Logistics Q1 2022 Earnings Report
Key Takeaways
GXO Logistics reported a strong first quarter in 2022, with revenue increasing to $2.1 billion, a 14% increase year-over-year, and organic revenue growth of 19%. Net income attributable to GXO was $37 million, and adjusted EBITDA reached $155 million. The company raised its full-year 2022 guidance, reflecting confidence in continued growth and profitability.
Revenue increased to $2.1 billion, up 14% year-over-year, with 19% organic revenue growth.
Net income attributable to GXO was $37 million, compared to $14 million in the first quarter 2021.
Adjusted EBITDA increased to $155 million from $132 million in the first quarter 2021.
Full-year 2022 organic revenue growth raised to 11-15% year-over-year.
GXO Logistics
GXO Logistics
GXO Logistics Revenue by Segment
GXO Logistics Revenue by Geographic Location
Forward Guidance
GXO raised its full-year 2022 guidance for organic revenue growth to 11-15% and introduced adjusted diluted EPS guidance of $2.70-$2.90.
Positive Outlook
- Organic revenue growth raised to 11%-15% (previously 8%-12%).
- Adjusted diluted earnings per share of $2.70-$2.90.
- Adjusted EBITDA of $707 million to $742 million.
- Return on invested capital greater than 30%.
- Free cash flow of approximately 30% of adjusted EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income