GXO Logistics Inc
For the period ended Jun 30, 2024. Filed Aug 6, 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.
Jun 30, 2024 · Filed Aug 6, 2024
GXO$55.32-1.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (Dollars in millions, shares in thousands, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenue | $2,846 | $2,394 | $5,302 | $4,717 |
| Direct operating expense | 2,389 | 1,957 | 4,445 | 3,863 |
| Selling, general and administrative expense | 270 | 245 | 519 | 503 |
| Depreciation and amortization expense | 99 | 84 | 191 | 167 |
| Transaction and integration costs | 15 | 6 | 34 | 19 |
| Restructuring costs and other | 1 | 3 | 17 | 24 |
| Litigation expense | (3) | — | 60 | — |
| Operating income | 75 | 99 | 36 | 141 |
| Other income, net | 1 | 1 | 7 | 1 |
| Interest expense, net | (23) | (14) | (36) | (27) |
| Income before income taxes | 53 | 86 | 7 | 115 |
| Income tax expense | (14) | (20) | (4) | (23) |
| Net income | 39 | 66 | 3 | 92 |
| Net income attributable to Noncontrolling Interests (“NCI”) | (1) | (1) | (2) | (2) |
| Net income attributable to GXO | $38 | $65 | $1 | $90 |
| Earnings per share | ||||
| Basic | $0.32 | $0.55 | $0.01 | $0.76 |
| Diluted | $0.32 | $0.54 | $0.01 | $0.75 |
| Weighted-average common shares outstanding | ||||
| Basic | 119,427 | 118,927 | 119,350 | 118,854 |
| Diluted | 119,683 | 119,415 | 119,680 | 119,323 |
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