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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.
Revenue by Segment
Revenue by Geographic Location
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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