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GXO Reports Preliminary Q1 2024 Results, Revenue Of $2.5B, Est $2.375B; Updates Its 2027 Financial Targets

Author: Benzinga Newsdesk | April 24, 2024 07:16am

Net loss of approximately $36 million, primarily driven by a $63 million expense associated with legacy litigation. Cash and cash equivalents of approximately $423 million.

Organic revenue CAGR (2024-2027) of approximately 10%, to approximately $15.5 billion to $16.0 billion of revenue. Adjusted diluted EPS CAGR (2024-2027) of more than 15%.

Posted In: GXO


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