GXO Reaffirms 2024 Guidance
Portfolio Pulse from Benzinga Newsdesk
GXO Logistics has reaffirmed its 2024 guidance, projecting organic revenue growth of 2% to 5%, adjusted EBITDA between $805 million and $835 million, adjusted diluted EPS from $2.73 to $2.93, and free cash flow conversion of 30% to 40% of adjusted EBITDA.
August 06, 2024 | 10:32 am
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GXO Logistics has reaffirmed its 2024 guidance, projecting organic revenue growth of 2% to 5%, adjusted EBITDA between $805 million and $835 million, adjusted diluted EPS from $2.73 to $2.93, and free cash flow conversion of 30% to 40% of adjusted EBITDA.
Reaffirming guidance generally provides stability and confidence to investors, likely leading to a positive short-term impact on the stock price. The specific metrics provided (revenue growth, EBITDA, EPS, and cash flow conversion) are all within expected ranges, which should reassure investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100