NYSE$GXO
GXO Logistics Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
GXO Logistics' Q3 2024 revenue reached a record high, driven by strong organic growth and new business wins.
GXO Logistics reported a record third-quarter revenue of $3.2 billion, a 28% increase year-over-year, with organic revenue growth of 3%. The company signed $226 million in new business wins, bringing the year-to-date total to $750 million. GXO reaffirmed its full-year 2024 guidance.
- Revenue increased 28% year-over-year to $3.2 billion, marking the highest-ever quarterly revenue.
- Organic revenue grew by 3%.
- New business wins totaled $226 million for the quarter, and $750 million year-to-date.
- The sales pipeline increased 30% year-over-year to $2.4 billion, reaching a two-year high.
Headline financials
Revenue & EPS history
GXO Logistics · Revenue · Quarterly
$3.16B
Revenue by segment
GXO Logistics · $2.27B total across 5 segments · Q3 2023
- Omnichannel retail$1.05B+14.4%46.4%
- Food and beverage$362M+8.1%16.0%
- Technology and consumer electronics$360M+6.5%15.9%
- Industrial and manufacturing$263M-4.4%11.6%
- Consumer packaged goods$231M+1.8%10.2%
Forward guidance
The company reaffirms its guidance for the full year 2024 as follows:
Tailwinds
- Organic revenue growth of 2% to 5%
- Adjusted EBITDA of $805 million to $835 million
- Adjusted diluted EPS of $2.73 to $2.93
- Adjusted EBITDA to free cash flow conversion of 30% to 40%
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 Q3 2024
+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 | — | — | — |
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