GXO Logistics, Inc. [Rocket]

Overview

GXO Logistics, Inc.

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Recent News + Filings (All items)

Date Filed	Type	Description
10/13/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/13/2023	3	Form 3 - Initial statement of beneficial ownership of securities:
10/13/2023	8-K	Quarterly results
10/12/2023	SC TO-T/A	Form SC TO-T/A - Tender offer statement by Third Party: [Amend]
10/06/2023	SC TO-T/A	Form SC TO-T/A - Tender offer statement by Third Party: [Amend]
09/29/2023	SC TO-T/A	Form SC TO-T/A - Tender offer statement by Third Party: [Amend]
08/03/2023	10-Q	Quarterly Report for the period ended June 30, 2023

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19
Revenues	7,940	6,195	6,094
Revenue growth	28.2%	1.7%
Cost of goods sold	6,637	5,169	5,112
Gross profit	1,303	1,026	982
Gross margin	16.4%	16.6%	16.1%
Selling, general and administrative	714	611	514
EBITA	216	106	230
EBITA margin	2.7%	1.7%	3.8%
Amortization of intangibles	61	61	65
EBIT	155	45	165
EBIT margin	2.0%	0.7%	2.7%
Pre-tax income	153	-6	118
Income taxes	-8	16	37
Tax rate			31.4%
Net income	153	-31	60
Net margin	1.9%	-0.5%	1.0%

Diluted EPS	$1.32	($0.27)	$0.52
Shares outstanding (diluted)	116	115	115

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.