NYSE$GXO
GXO Logistics Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported record revenue and raised full-year profit guidance.
GXO Logistics reported a strong start to the year with record first-quarter revenue of $2.3 billion, up 12% year over year, and an adjusted EBITDA of $158 million. The company raised its full-year 2023 profit guidance, with adjusted diluted EPS now expected to be $2.40-$2.60 and adjusted EBITDA expected to be $715-$745 million.
- Record first quarter revenue of $2.3 billion, up 12% year over year; organic revenue growth of 7%.
- Net income attributable to GXO of $25 million; adjusted EBITDA of $158 million; diluted EPS of $0.21 and adjusted diluted EPS of $0.49.
- Full-year 2023 profit guidance raised: Adjusted diluted EPS raised $0.10, now expected to be $2.40-$2.60; Adjusted EBITDA raised $15 million, now expected to be $715-$745 million.
- Sales pipeline grows to approximately $2.3 billion, up from fourth quarter 2022.
Headline financials
Revenue & EPS history
GXO Logistics · Revenue · Quarterly
$2.32B
Revenue by segment
GXO Logistics · $2.32B total across 6 segments · Q1 2023
- Omnichannel retail$968M-14.3%41.7%
- Technology and consumer electronics$366M—15.8%
- Food and beverage$307M-9.2%13.2%
- Industrial and manufacturing$272M+3.4%11.7%
- Consumer packaged goods$253M+18.8%10.9%
- Other$157M+12.9%6.8%
Forward guidance
GXO's current 2023 financial outlook includes organic revenue growth of 6% to 8%, adjusted EBITDA of $715 million to $745 million, free cash flow conversion of approximately 30% of adjusted EBITDA, and adjusted diluted earnings per share of $2.40 to $2.60.
Tailwinds
- Organic revenue growth of 6% to 8%
- Adjusted EBITDA of $715 million to $745 million (raised from $700 million to $730 million)
- Free cash flow conversion of approximately 30% of adjusted EBITDA
- Adjusted diluted earnings per share of $2.40 to $2.60 (raised from $2.30 to $2.50)
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 2023
+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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro