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Jun 30, 2024
GXO Logistics Q2 2024 Earnings Report
GXO Logistics reported record revenue and strong free cash flow, driven by new business wins and growth in key markets.
Key Takeaways
GXO Logistics announced strong second-quarter results, with record revenue of $2.8 billion, a 19% increase year-over-year. The company saw growth in new business wins and reaffirmed its full-year 2024 guidance.
Revenue increased 19% year-over-year to a record $2.8 billion.
Organic revenue grew by 2%.
New business wins totaled approximately $270 million in annualized revenue.
The sales pipeline increased to a new twelve-month high of $2.3 billion.
GXO Logistics
GXO Logistics
GXO Logistics Revenue by Segment
GXO Logistics Revenue by Geographic Location
Forward Guidance
The company reaffirms its guidance for the full year 2024.
Positive Outlook
- Organic revenue growth of 2% to 5%
- Adjusted EBITDA of $805 million to $835 million
- Adjusted diluted EPS of $2.73 to $2.93
- Free cash flow conversion of 30% to 40% of adjusted EBITDA
- Strengthening consumer demand in the UK and European markets
Revenue & Expenses
Visualization of income flow from segment revenue to net income