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Highlights ● GXO GXO Announces Third Quarter 2021 Results Third quarter revenue of $ 2.0 billion , up 24.6 % from the third quarter 2020 , net income of $ 72 million , and adjusted EBITDA of $ 163 million Generated $ 105 million of cash flow from operating activities and free cash flow of $ 50 million in the third quarter , equivalent to 31 % of adjusted EBITDA New customer wins expected to have a 2022 incremental revenue impact of approximately $ 700 million E - commerce , omnichannel retail and technology revenue up 22 % and reverse logistics revenue up 21 % from the third quarter 2020 FY21 guidance raised GXO receives preliminary ' AA ' ESG rating from MSCI GREENWICH , Conn . - November 1 , 2021 — GXO Logistics , Inc. ( NYSE : GXO ) today announced its financial results for the third quarter ended September 30 , 2021. Revenue increased to $ 2.0 billion for the third quarter , compared with $ 1.6 billion for the same period in 2020. Net income attributable to GXO was $ 72 million for the third quarter , including a benefit of $ 42 million from the impact of one - time tax items , compared with $ 18 million for the same period in 2020. Basic earnings per share was $ 0.63 for the third quarter , compared with $ 0.16 for the same period in 2020 . Adjusted net income attributable to common shareholders , a non - GAAP measure , was $ 65 million for the third quarter , compared with $ 27 million for the same period in 2020. Adjusted diluted earnings per share , a non - GAAP measure , was $ 0.56 for the third quarter , compared with adjusted diluted earnings per share of $ 0.23 for the same period in 2020 . Adjusted earnings before interest , taxes , depreciation and amortization ( " adjusted EBITDA " ) , a non - GAAP measure , increased to $ 163 million for the third quarter , compared with $ 142 million in pro forma adjusted EBITDA for the same period in 2020. The company reported adjusted EBITDA of $ 130 million for the third quarter 2020 . For the third quarter 2021 , the company generated $ 105 million of cash flow from operations and $ 50 million of free cash flow , a non - GAAP measure . In the third quarter of 2021 , GXO won new customer contracts with more than $ 1 billion in aggregate lifetime value and an expected incremental revenue impact of approximately $ 200 million in 2022. The company's expected 2022 incremental revenue impact from the third quarter and prior period wins is approximately $ 700 million . Reconciliations of non - GAAP financial measures used in this release are provided in the attached financial tables .