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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.
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 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