GXO Logistics posts strong Q4 and calendar year 2021 earnings

GXO Logistics Inc. reported fourth quarter revenue came in at $2.3 billion, marking a 28% annual increase, when it was still part of XPO Logistics, for a new company high. Net income came in at $56 million and was up 10.8% annually, and operating income, at $63 million, was up 20.6%. Adjusted EBITDA also saw a new high, at $167 million, rising 12.6% annually. For calendar year 2021, revenue, at $7.9 billion, rose 21.5%, with operating income at $151 million.

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