Gxo reports second quarter 2023 results

Highlights second quarter revenue grew 11% year over year to $2.4 billion, and organic revenue 1 grew 3% net income attributable to gxo grew 27% to $65 million; operating income increased by 68%; operating margins improved by 140 bps; adjusted ebitda 1 grew to $190 million; diluted eps increased to $0.54, and adjusted diluted eps 1 to $0.70 raised full-year 2023 profit guidance: adjusted diluted earnings per share 1 raised $0.05 to $2.45-$2.65 adjusted ebitda 1 raised $10 million to $725-$755 million reiterated 2023 guidance for organic revenue growth 1 and free cash flow conversion 1 business highlights signed record new business wins of nearly $500 million secured incremental 2023 revenue from new business wins of $844 million through the second quarter; won a further $457 million in 2024 revenue grew sales pipeline year over year to $2.1 billion released 2022 esg report; reduced scope 1 and 2 emissions 17% since 2019; on track to achieve environmental targets created chief automation officer role to accelerate technology deployment greenwich, conn., aug. 02, 2023 (globe newswire) -- gxo logistics, inc. (nyse: gxo) today announced results for the second quarter 2023.
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