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Sep 30, 2024
GXO Logistics Q3 2024 Earnings Report
GXO Logistics' Q3 2024 revenue reached a record high, driven by strong organic growth and new business wins.
Key Takeaways
GXO Logistics reported a record third-quarter revenue of $3.2 billion, a 28% increase year-over-year, with organic revenue growth of 3%. The company signed $226 million in new business wins, bringing the year-to-date total to $750 million. GXO reaffirmed its full-year 2024 guidance.
Revenue increased 28% year-over-year to $3.2 billion, marking the highest-ever quarterly revenue.
Organic revenue grew by 3%.
New business wins totaled $226 million for the quarter, and $750 million year-to-date.
The sales pipeline increased 30% year-over-year to $2.4 billion, reaching a two-year high.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company reaffirms its guidance for the full year 2024 as follows:
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
- Adjusted EBITDA to free cash flow conversion of 30% to 40%
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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