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GXO Logistics (GXO)
NYSE:GXO
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.97Last Year’s EPS
$0.7Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -27.03%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call reflects strong performance with record financial results and a positive outlook for future growth. Despite some challenges, particularly with the Wincanton acquisition and multi-tenant warehouse utilization, the company is confident in its strategic direction and market position.Company Guidance
During the GXO Third Quarter 2024 Earnings Call, the company reaffirmed its guidance and shared several key metrics that highlight its strong performance and positive outlook. GXO reported record revenues of $3.2 billion, marking a 28% year-over-year growth, and achieved an adjusted EBITDA of $233 million, up 12% from the previous year. The company also secured $226 million in new business wins during the quarter and has won approximately $750 million of new business year-to-date. GXO's sales pipeline has grown by 30% year-over-year, reaching over $2.4 billion. Looking ahead, GXO reaffirmed its full-year 2024 guidance, expecting organic revenue growth between 2% and 5%, adjusted EBITDA ranging from $805 million to $835 million, and an adjusted diluted earnings per share between $2.73 and $2.93. The company also anticipates delivering an operating return on invested capital above 30% and expects to achieve a net leverage ratio of around 2.5 to 2.6x by year-end. GXO's strategic focus includes leveraging technology differentiation through automation and AI, which is expected to drive efficiency and support long-term growth targets, including a top-line growth target of $15.5 million to $16 million by 2027.Record Revenues and Adjusted EBITDA
GXO reported record revenues of $3.2 billion and adjusted EBITDA of $233 million in Q3 2024, with a year-over-year revenue growth of 28% and adjusted EBITDA up 12%.
Strong New Business Wins
During the quarter, GXO signed $226 million of new business wins and has won about $750 million of new business year-to-date, aiming for a record-setting year.
Sales Pipeline Growth
The sales pipeline grew by 30% year-over-year, reaching over $2.4 billion, its highest level in more than 2 years.
Improvements in Operating Metrics
Adjusted diluted earnings per share increased by 14% year-over-year, and free cash flow year-to-date is $124 million, on track for over 30% conversion.
Recognition and Awards
GXO's technology differentiation was recognized with a supply chain excellence award for warehouse AI, and the company was ranked as the top logistics provider by Newsweek.
Positive Outlook for 2025
Management expects acceleration of growth across all regions in 2025, with confidence in achieving long-term growth targets.
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GXO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GXO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $58.60 | $57.70 | -1.54% |
| Aug 06, 2024 | $49.35 | $47.48 | -3.79% |
| May 07, 2024 | $51.18 | $50.93 | -0.49% |
| Feb 13, 2024 | $55.15 | $54.49 | -1.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GXO Logistics (GXO) report earnings?
GXO Logistics (GXO) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is GXO Logistics (GXO) earnings time?
GXO Logistics (GXO) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GXO EPS forecast?
GXO EPS forecast for the fiscal quarter 2024 (Q4) is $0.97.
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