GXO Logistics updates 2027 financial targets

The Company updated its 2027 financial targets, first outlined as part of its January 2023 Investor Day presentation, including expected impact of Wincanton acquisition, as follows: Organic revenue CAGR of approximately 10%, to approximately $15.5 billion to $16.0 billion of revenue; Approximately 15% adjusted EBITDA CAGR to approximately $1.25 billion to $1.30 billion of adjusted EBITDA; Adjusted diluted EPS CAGR of more than 15%; Free cash flow conversion of greater than 30% of adjusted EBITDA; and Operating return on invested capital2 of more than 30%.