Gxo reports fourth quarter and full year 2023 results

Highlights fourth quarter revenue of $2.6 billion ; net income attributable to gxo of $73 million ; adjusted ebitda 1 of $193 million ; diluted eps of $0.61 and adjusted diluted eps 1 of $0.70 full year revenue of $9.8 billion ; net income attributable to gxo of $229 million ; adjusted ebitda 1 of $741 million ; diluted eps of $1.92 and adjusted diluted eps 1 of $2.59 full year cash flows from operations of $558 million, equivalent to 244% of net income attributable to gxo, and free cash flow1 of $302 million, equivalent to 41% of adjusted ebitda1 announced 2024 guidance 2 : organic revenue growth 1 of 2%-5% adjusted ebitda 1 of $760-$790 million adjusted diluted earnings per share 1 of $2.70-$2.90 free cash flow conversion 1 of 30%-40% of adjusted ebitda 1 business highlights signed more than $1 billion annualized revenue in 2023; ~40% from outsourcing ~$600 million of incremental revenue booked for 2024, and ~$230 million of additional incremental revenue booked for 2025; 29% higher than last year sales pipeline remains strong at approximately $2 billion closed the acquisition of pfsweb on october 23, 2023 greenwich, conn., feb. 13, 2024 (globe newswire) -- gxo logistics, inc. (nyse: gxo) today announced results for the fourth quarter and full year 2023.
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