Q3 22: GXO reports solid numbers, confirms guidance, soars in AH trade

GXO Logistics today released Q3 22 numbers after the markets closed in the US.

The shares rose to $38.2 (+4.6%) in after-hours trade.

It reiterated full-year 2022 guidance for its key financial metrics:

– Organic revenue growth: 12%-16%;

– Adjusted diluted earnings per share: $2.70-$2.90;

– Adjusted Ebitda: $715 million to $750 million;

– Return on invested capital > 30%;

– Free cash flow @ about 30% of adjusted Ebitda.

Q3 adjusted diluted EPS were $0.05 higher than expected at $0.75 for the quarter to the end of September.

Other highlights:

– Year ...