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Jun 30, 2022
GXO Logistics Q2 2022 Earnings Report
GXO Logistics reported record organic revenue growth and highest-ever new business wins, reflecting the value brought to customers.
Key Takeaways
GXO Logistics reported a strong second quarter with a 15% increase in revenue to $2.2 billion and organic revenue growth of 20%. Net income attributable to GXO was $51 million, and adjusted EBITDA was $176 million. The company also raised its full-year guidance for organic revenue growth and adjusted EBITDA.
Second quarter revenue increased by 15% year-over-year to $2.2 billion, with organic revenue growth of 20%.
Net income attributable to GXO was $51 million, with diluted EPS of $0.44 and adjusted diluted EPS of $0.68, a 55% growth.
Adjusted EBITDA increased to $176 million.
Highest-ever quarterly new business wins of $475 million were achieved.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
GXO is updating its full-year 2022 guidance.
Positive Outlook
- Organic revenue growth of 12%-16% (previously 11%-15%)
- Adjusted diluted earnings per share of $2.70-$2.90 (unchanged)
- Adjusted EBITDA of $715 million to $750 million (previously $707 million to $742 million)
- Return on invested capital of greater than 30% (unchanged)
- Free cash flow of approximately 30% of adjusted EBITDA (unchanged)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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