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Dec 31, 2023
GXO Logistics Q4 2023 Earnings Report
GXO delivered strong results driven by revenue growth, strategic acquisitions, and focus on automation and outsourcing.
Key Takeaways
GXO Logistics reported a revenue increase to $2.6 billion for Q4 2023, up from $2.5 billion in Q4 2022. Net income attributable to GXO increased to $73 million, compared to $46 million in the same quarter of the previous year. Adjusted EBITDA was $193 million, with adjusted diluted EPS at $0.70. The company also generated $215 million in cash flows from operations and $151 million in free cash flow.
Revenue increased to $2.6 billion.
Net income attributable to GXO rose to $73 million.
Adjusted EBITDA reached $193 million.
Diluted EPS increased to $0.61, and adjusted diluted EPS was $0.70.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
GXO's 2024 financial outlook includes organic revenue growth of 2% to 5%, adjusted EBITDA of $760 million to $790 million, adjusted diluted earnings per share of $2.70 to $2.90, and free cash flow conversion of 30% to 40% of adjusted EBITDA.
Positive Outlook
- Organic revenue growth of 2% to 5%.
- Adjusted EBITDA of $760 million to $790 million.
- Adjusted diluted earnings per share of $2.70 to $2.90.
- Free cash flow conversion of 30% to 40% of adjusted EBITDA.
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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