NYSE$GXO

GXO Logistics Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported stellar Q1 2022 results with significant revenue and EPS growth, driven by strong demand for outsourcing and technologically advanced solutions.

GXO Logistics reported a strong first quarter in 2022, with revenue increasing to $2.1 billion, a 14% increase year-over-year, and organic revenue growth of 19%. Net income attributable to GXO was $37 million, and adjusted EBITDA reached $155 million. The company raised its full-year 2022 guidance, reflecting confidence in continued growth and profitability.

  • Revenue increased to $2.1 billion, up 14% year-over-year, with 19% organic revenue growth.
  • Net income attributable to GXO was $37 million, compared to $14 million in the first quarter 2021.
  • Adjusted EBITDA increased to $155 million from $132 million in the first quarter 2021.
  • Full-year 2022 organic revenue growth raised to 11-15% year-over-year.

Headline financials

Total Revenue

$2.08B

Previous: $1.82B+14.3%
EPS (adj)

$0.59

Previous: $0.12+391.7%
Adjusted EBITDA

$155M

No prior period
Organic revenue growth

19.0%

No prior period
Cash flows from operations

$46M

No prior period
Capital Expenditures

-$65M

Previous: $67M-197.0%
Free Cash Flow

-$28M

Previous: -$20M-40.0%
Net Income

$37M

Previous: $14M+164.3%
Operating Income

$37M

Previous: $30M+23.3%
Gross Profit

-$1.75B

Previous: $223M-883.9%
Cash & Equivalents

$312M

Previous: $414M-24.6%
Total Assets

$7.13B

No prior period
Stock-Based Comp

$6M

Previous: $5M+20.0%

Revenue & EPS history

GXO Logistics · Revenue · Quarterly

$2.08B

Q1 2022+14.3%vs Q1 2021
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Revenue by segment

GXO Logistics · $2.08B total across 5 segments · Q1 2022

  • Omnichannel retail
    $1.13B
  • Food and beverage
    $338M+13.0%
  • Industrial and manufacturing
    $263M+6.0%
  • Consumer packaged goods
    $213M+14.5%
  • Other
    $139M+0.7%

Forward guidance

GXO raised its full-year 2022 guidance for organic revenue growth to 11-15% and introduced adjusted diluted EPS guidance of $2.70-$2.90.

Tailwinds

  • Organic revenue growth raised to 11%-15% (previously 8%-12%).
  • Adjusted diluted earnings per share of $2.70-$2.90.
  • Adjusted EBITDA of $707 million to $742 million.
  • Return on invested capital greater than 30%.
  • Free cash flow of approximately 30% of adjusted EBITDA.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.0%

Avg return

Earnings day

+4.5%

Avg return

5 days after

+2.8%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+9.2%

Q4 2025

Best reaction

-15.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.0%+0.8%-2.6%
Q4 2025+9.2%+12.9%-9.5%
Q3 2025-5.0%-7.9%-5.1%
Q1 2025+4.1%+6.5%+10.8%
Q4 2024-15.1%-3.7%-6.1%
Q3 2024-1.5%+2.0%-13.2%
Q2 2024-3.9%-3.2%-3.4%
Q1 2024-1.0%+3.5%-1.1%
Q4 2023-4.6%-3.4%-12.1%
Q3 2023+3.1%+1.4%+8.7%
Q2 2023-4.0%-2.2%-1.5%
Q1 2023+2.8%+5.5%+16.4%
Q4 2022-5.3%-6.6%-13.6%
Q3 2022+2.2%+24.1%+21.2%
Q2 2022+4.5%-3.6%-12.8%
Q1 2021-2.1%-8.2%-11.8%
Q1 2022+4.1%-7.8%-9.1%
Q4 2021+4.3%-1.3%-8.9%
Q3 2020+8.8%+2.9%+1.4%
Q3 2021+6.8%+5.3%+3.6%
Q2 2020+3.0%+22.6%+29.1%
Q2 2021+3.0%+22.6%+29.1%
Q4 2020+3.0%+22.6%+29.1%
Q4 2019+3.0%+22.6%+29.1%
Q1 2020

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