Gxo reports first quarter 2023 results

Highlights record first quarter revenue of $2.3 billion , up 12% year over year; organic revenue growth 1 of 7% ; net income attributable to gxo of $25 million ; adjusted ebitda 1 of $158 million ; diluted eps of $0.21 and adjusted diluted eps 1 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 business highlights sales pipeline grows to approximately $2.3 billion , up from fourth quarter 2022 strong first half momentum in new wins, including signing gxo's largest-ever annual revenue contract incremental 2023 revenue of $782 million secured through the first quarter revenue retention rate remains in the mid-to-high 90s first quarter e-commerce revenue up 34% year over year; reverse logistics revenue up 50% year over year record operational tech deployment, up 64% year over year expanded gxo direct product to uk; rollout to continental europe planned later this year greenwich, conn., may 09, 2023 (globe newswire) -- gxo logistics, inc. (nyse: gxo) today announced results for the first quarter 2023.
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