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Dec 31, 2022
GXO Logistics Q4 2022 Earnings Report
GXO Logistics reported strong Q4 2022 results, with revenue up 9.1% year-over-year and significant adjusted EBITDA growth.
Key Takeaways
GXO Logistics reported Q4 2022 results with revenue of $2.5 billion, a 9.1% increase year-over-year. Net income was $46 million, and adjusted EBITDA reached $205 million, reflecting strong growth and successful execution during the peak season. The company reaffirmed its 2023 guidance.
Revenue increased to $2.5 billion, up 9.1% year-over-year, including 7.5% organic revenue growth.
Net income attributable to GXO was $46 million.
Adjusted EBITDA increased to $205 million, a 23% increase year-over-year.
Diluted EPS was $0.39, and adjusted diluted EPS was $0.83.
GXO Logistics
GXO Logistics
GXO Logistics Revenue by Segment
GXO Logistics Revenue by Geographic Location
Revenue by Segment
Omnichannel retail Revenue
CapyFin.comTechnology and consumer electronics Revenue
CapyFin.comIndustrial and manufacturing Revenue
CapyFin.comFood and beverage Revenue
CapyFin.comConsumer packaged goods Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
United Kingdom Revenue
CapyFin.comUnited States Revenue
CapyFin.comNetherlands Revenue
CapyFin.comFrance Revenue
CapyFin.comSpain Revenue
CapyFin.comItaly Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
GXO reaffirmed the full year guidance provided at its Investor Day in January. Expects a softer macroeconomic environment this year, but wins to date combined with predictability and resilience of business give them great confidence entering 2023.
Positive Outlook
- Organic revenue growth of 6% to 8%.
- Adjusted EBITDA of $700 million to $730 million.
- Free cash flow conversion of approximately 30% of adjusted EBITDA.
- Adjusted diluted earnings per share of $2.30 to $2.50.
- Expects to reduce net leverage to about 1.5x by the end of the year.
Challenges Ahead
- Expect a softer macroeconomic environment this year.
- Variability and complexity of the reconciling items described above that we exclude from these non-GAAP target measures.
- The variability of these items may have a significant impact on our future GAAP financial results
- Supply chain challenges, including labor shortages
- Potential cyber-attacks and information technology or data security breaches
Revenue & Expenses
Visualization of income flow from segment revenue to net income