NYSE$GXO
GXO Logistics Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
GXO Logistics reported strong Q4 2022 results, with revenue up 9.1% year-over-year and significant adjusted EBITDA growth.
GXO Logistics reported Q4 2022 results with revenue of $2.5 billion, a 9.1% increase year-over-year. Net income was $46 million, and adjusted EBITDA reached $205 million, reflecting strong growth and successful execution during the peak season. The company reaffirmed its 2023 guidance.
- Revenue increased to $2.5 billion, up 9.1% year-over-year, including 7.5% organic revenue growth.
- Net income attributable to GXO was $46 million.
- Adjusted EBITDA increased to $205 million, a 23% increase year-over-year.
- Diluted EPS was $0.39, and adjusted diluted EPS was $0.83.
Headline financials
Revenue & EPS history
GXO Logistics · Revenue · Quarterly
$2.47B
Revenue by segment
GXO Logistics · $2.47B total across 6 segments · Q4 2022
- Omnichannel retail$1.03B-14.2%41.8%
- Technology and consumer electronics$374M—15.2%
- Food and beverage$318M-10.7%12.9%
- Industrial and manufacturing$269M+7.2%10.9%
- Consumer packaged goods$252M-3.1%10.2%
- Other$223M+15.5%9.0%
Forward guidance
GXO reaffirmed the full year guidance provided at its Investor Day in January. Expects a softer macroeconomic environment this year, but wins to date combined with predictability and resilience of business give them great confidence entering 2023.
Tailwinds
- Organic revenue growth of 6% to 8%.
- Adjusted EBITDA of $700 million to $730 million.
- Free cash flow conversion of approximately 30% of adjusted EBITDA.
- Adjusted diluted earnings per share of $2.30 to $2.50.
- Expects to reduce net leverage to about 1.5x by the end of the year.
Headwinds
- Expect a softer macroeconomic environment this year.
- Variability and complexity of the reconciling items described above that we exclude from these non-GAAP target measures.
- The variability of these items may have a significant impact on our future GAAP financial results
- Supply chain challenges, including labor shortages
- Potential cyber-attacks and information technology or data security breaches
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 Q4 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
| 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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