GXO Logistics sees FY24 adjusted EPS $2.70-$2.90, consensus $2.87

Sees FY24 adjusted EBITDA $760M-$790M. Sees FY24 organic revenue up 2%-5%. The company said, “During the year, GXO continued to lead the industry in automation, deploying a record amount of robotics and winning multiple long-term, highly automated contracts with global blue-chip companies. These companies are looking to GXO for continued innovation, and we anticipate the proliferation of AI and automation deployment across our operations to accelerate in 2024 and beyond. We’re uniquely positioned to help our customers make their supply chain operations more productive today and more resilient tomorrow. Our 2024 guidance reflects another year of solid revenue growth as well as continued strength in profit and cash flow, and we are very excited about our long-term growth trajectory.”