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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 2.85B | 16.5% |
| Gross Profit | 182M | 250% |
| Cost of Revenue | 2.66B | 11.4% |
| Operating expense | 275M | 17.9% |
| Net Income | 38M | 202.7% |
| EBITDA | 82M | 403.7% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 11.4B | 21.1% |
| Total Liabilities | 8.46B | 29.9% |
| Total Equity | 2.9B | 1.1% |
| Shares Outstanding | 119M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 115M | 130% |
| Cash from investing | -932M | 1036.6% |
| Cash from financing | 865M | 10912.5% |
EPS
Financial Highlights for GXO Logistics in Q2 '24
GXO Logistics reported a revenue of 2.85B, which is a 16.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 182M, marking a 250% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.66B, a 11.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 275M, showing a -17.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 38M, showing a 202.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 82M, showing a 403.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for GXO Logistics with growth in revenue, gross profit, and net income.
