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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.
GXO Logistics
GXO Logistics
GXO Logistics Revenue by Segment
GXO Logistics Revenue by Geographic Location
Revenue by Segment
Omnichannel retail Revenue
CapyFin.comIndustrial and manufacturing Revenue
CapyFin.comFood and beverage Revenue
CapyFin.comConsumer packaged goods Revenue
CapyFin.comRevenue by Geographic Location
United Kingdom Revenue
CapyFin.comUnited States Revenue
CapyFin.comNetherlands Revenue
CapyFin.comFrance Revenue
CapyFin.comSpain Revenue
CapyFin.comOther Revenue
CapyFin.com 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