GXO Logistics(US:GXO)2022-08-03 17:37Financial Performance - GXO's Q2 2022 revenue reached $22 billion, with organic revenue growth of 20%[16] - Net income for Q2 2022 was $51 million, a significant increase compared to $11 million in Q2 2021[16, 18] - Adjusted EBITDA for Q2 2022 was $176 million, up from a pro forma $161 million in Q2 2021[16, 18] - Free cash flow for Q2 2022 was $68 million, compared to $49 million in Q2 2021, representing a 39% conversion ratio to adjusted EBITDA[17, 19] - Adjusted EPS for Q2 2022 was $068, a 55% increase from $044 in Q2 2021[19] Growth and Contracts - GXO achieved its highest-ever organic growth of 20% in Q2 2022, indicating market share gains[18] - The company secured new contract wins totaling over $11 billion in new FY 2022 revenue through Q2, equivalent to approximately 14% year-over-year revenue growth[18] - Expected revenue from contract wins for FY 2022 is $1083 billion, and the expected incremental revenue for FY 2023 from these wins is $457 million[26] Balance Sheet and Guidance - Total debt stands at $1885 billion, with net debt at $1501 billion[38, 39] - GXO updated its FY 2022 guidance, projecting organic revenue growth of 12%-16% and adjusted EBITDA of $715-$750 million[41] - The company is targeting adjusted EBITDAR of $160-$165 billion for FY 2022[41]