Latest news with #GXOLogisticsInc
Yahoo
08-05-2025
- Business
- Yahoo
GXO Logistics sees growth opportunities in e-commerce, health care
Officials for GXO Logistics Inc. touted their versatility in dealing with complex supply chains during the company's first-quarter earnings call on Thursday. GXO reported first-quarter revenue of $3 billion, a 21% year-over-year increase compared to the same quarter in 2024. Adjusted earnings per share in the first quarter was 29 cents, a 36% year-over-year decrease. 'The complexity related to potential tariffs has created a new array of challenges for our customers, including rising costs, a need to rapidly react to changing prices and fluctuating inventory levels,' CEO Malcolm Wilson said during the earnings call before the market opened. 'Our customers are managing through this while, most importantly of all, continuing to serve their end customers seamlessly.' Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. It has more than 1,000 facilities totaling 200 million square feet in 27 countries, with a workforce of more than 150,000 company recently finalized a deal with England's National Health Service Supply Chain, its largest-ever contract, with a value of about $2.5 billion. GXO also signed $228 million of new business contracts in the first quarter and has a sales pipeline of $2.5 billion, its highest level in three years. Some of the company's clients include DuPont, Boeing, Kimberly-Clark, Mitsubishi and Schneider Electric. During the first quarter, 41% of GXO's new wins were in newly outsourced business, 39% involved automation and 42% came from e-commerce firms, Wilson said.'We're operating in an environment that demands unprecedented agility from global supply chains,' Wilson said. 'The structural tailwinds of outsourcing, automation and e-commerce continue to drive our industry's growth, illustrating that the need for our solutions is more important than ever.' While many transportation and logistics companies have revised or changed their earnings forecasts, GXO Logistics reaffirmed its guidance for the full year. The company's full-year 2025 guidance projects organic revenue growth of 3% to 6% and adjusted earnings before interest, taxes, depreciation and amortization of $840 million-$860 million. GXO also expects adjusted EPS of $2.40 to $2.60. 'Right now, our business is trading well in a dynamic environment, and the base case for our guidance is flat volumes year over year in 2025,' CFO Baris Oran said during the call. 'Should we see a softer environment in the U.S. economy, we estimate that we would still land within our narrow guidance range for 2025. Even if we were to see our second-half volume in our consumer-facing business in the U.S. decline by … low to mid-single digits, we would still be forecasting to be within this tight guidance range.' GXO's largest market is the United Kingdom, representing $1.4 billion in revenue during the first quarter, compared with $913 million in the same period last year. The United States was GXO's second-largest market at $752 million in the first quarter, a 1% year-over-year increase. GXO is still pending final approval of its acquisition of Wincanton, which officials said they expected to be resolved shortly. GXO announced it was acquiring Wincanton in April 2024 for about $1 billion. Wincanton is a major logistics and supply chain operator in the U.K. and and Wincanton have continued to be run independently until the U.K.'s Competition and Markets Authority (CMA) has completed its review of the acquisition. 'The Wincanton business has been trading really well since the acquisition,' Wilson said. 'We're very pleased with the management, very pleased with the revenue that is developing. We're nearing the conclusion of the discussions with the CMA. In fact, in the coming weeks, we're expecting to receive a full clearance of the deal.' The post GXO Logistics sees growth opportunities in e-commerce, health care appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
First look: GXO Logistics Inc.
GXO Logistics Inc. reported first-quarter revenue of $3 billion, a 21% year-over-year increase compared to the same quarter in 2024. Adjusted earnings per share in the first quarter was 29 cents, a 36% year-over-year decrease. Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. It has more than 970 facilities totaling approximately 200 million square feet, with a global workforce of more than 130,000 people. Wall Street expectations had called for revenue of $2.93 billion and EPS of 25 cents. CEO Malcolm Wilson said the company delivered a strong first quarter. 'We signed $228 million of new business wins, and our sales pipeline of $2.5 billion … stands at its highest level in three years,' Wilson said in a news release. 'We've finalized a landmark deal with England's National Health Service Supply Chain. This is our largest-ever contract and carries a total lifetime value of about $2.5 billion.' Net loss was $95 million, compared with net loss of $36 million for the first quarter of 2024. Adjusted earnings before interest, taxes, depreciation and amortization in the quarter was $163 million, a 6% year-over-year increase.. GXO generated $29 million of cash flow from operations in the first quarter, compared with $50 million for the same period last year. As of March 31, the company had cash and cash equivalents (excluding restricted cash), debt outstanding and net debt of $288 million, $2.7 billion and $2.4 billion, respectively. GXO repurchased 2.8 million shares during the first quarter. The company's full-year 2025 guidance projects organic revenue growth of 3% to 6% and adjusted EBITDA between $840 million and $860 million. GXO also expects adjusted EPS of $2.40 to $2.60. The company will hold a conference call with analysts at 8:30 a.m. on Thursday. GXOQ1/25Q1/24Y/Y % ChangeRevenueAdjusted EBIDTAAdjusted earnings per share The post First look: GXO Logistics Inc. appeared first on FreightWaves.
Washington Post
07-05-2025
- Business
- Washington Post
GXO Logistics: Q1 Earnings Snapshot
GREENWICH, Conn. — GREENWICH, Conn. — GXO Logistics Inc. (GXO) on Wednesday reported a loss of $96 million in its first quarter. The Greenwich, Connecticut-based company said it had a loss of 81 cents per share. Earnings, adjusted for one-time gains and costs, were 29 cents per share.
Yahoo
14-02-2025
- Business
- Yahoo
First look: GXO Logistics Q4 earnings
GXO Logistics Inc. reported strong performances in its fourth-quarter and full-year 2024 earnings results after the market closed on Wednesday. The company's fourth-quarter revenue increased 25% year over year to $3.25 billion. Adjusted earnings per share in the fourth quarter increased 43% year over year to $1. Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. It has more than 970 facilities totaling approximately 200 million square feet, with a global workforce of more than 130,000 people. Wall Street expectations had called for fourth-quarter earnings of 96 cents per share and revenue of $3.2 billion. The company's full-year 2024 revenue increased 20% year over year to $11.7 billion from 2023. Net income was $138 million, compared with $233 million the previous year. Adjusted earnings before interest, taxes, depreciation and amortization for full-year 2024 was $815 million, compared with $741 million for 2023. Full-year 2024 adjusted earnings per share was $2.80, compared to $2.59 in 2023. 'In 2024, GXO delivered record revenue and adjusted EBITDA, and drove strong operating return on invested capital,' CEO Malcolm Wilson said in a news release. 'We also accelerated our organic growth sequentially throughout the year and closed more than $1 billion of new business wins for the second consecutive year.' GXO's 2025 guidance calls for revenue growth of 3% to 6%; adjusted EBITDA of $840 million to $860 million; and adjusted EPS of $2.40 to $2.60. 'Our guidance for 2025 reflects our confidence in our core business growth, the phasing of startups, the impact of foreign exchange, and our current expectation of the timing of the Wincanton regulatory review,' Wilson said. The company will hold a conference call with analysts at 8:30 a.m. on Thursday. GXO LogisticsQ4/24Q4/23Y/Y % ChangeRevenueNet IncomeAdjusted earnings per share The post First look: GXO Logistics Q4 earnings appeared first on FreightWaves. Sign in to access your portfolio
