GXO Logistics Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
GXO$55.32-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| (Dollars in millions, shares in thousands, except per share amounts) | 2024 | 2023 |
| Revenue | $2,456 | $2,323 |
| Direct operating expense | 2,056 | 1,906 |
| Selling, general and administrative expense | 249 | 258 |
| Depreciation and amortization expense | 92 | 83 |
| Transaction and integration costs | 19 | 13 |
| Restructuring costs and other | 16 | 21 |
| Litigation expense | 63 | — |
| Operating income (loss) | (39) | 42 |
| Other income, net | 6 | — |
| Interest expense, net | (13) | (13) |
| Income (loss) before income taxes | (46) | 29 |
| Income tax (expense) benefit | 10 | (3) |
| Net income (loss) | (36) | 26 |
| Net income attributable to Noncontrolling Interests (“NCI”) | (1) | (1) |
| Net income (loss) attributable to GXO | $(37) | $25 |
| Earnings (loss) per share | ||
| Basic | $(0.31) | $0.21 |
| Diluted | $(0.31) | $0.21 |
| Weighted-average common shares outstanding | ||
| Basic | 119,273 | 118,781 |
| Diluted | 119,273 | 119,231 |
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