GXO Logistics, Inc. (NYSE:GXO) is looking for M&A. Baris Oran Chief Financial Officer said during the Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast, "Roughly, half of our $1 billion new business won in 2023 will go live in 2024. And we already booked nearly $230 million of additional incremental revenue for 2025. All taken, we expect to see revenue accelerate through the year.

With incremental 2025 revenue already 29% higher than at this stage last year, we are very excited about our long-term growth trajectory. GXO continues to drive and compound great returns on capital. Our operating return on invested capital is significantly evolved 30%.

We have generated an unprecedented amount of cash flow this year while taking our leverage to 1.6x. This provides us with the balance sheet flexibility to continue our disciplined M&A strategy. While our primary focus is on organic growth, we are delighted to be able to allocate capital into more and more automation contracts that are getting longer, proving the value we create to our customers, global brands across the world.

And with that, I'll hand it over to Adrian to update you on our automation progress and outlook".