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.
| GXO | Q1/25 | Q1/24 | Y/Y % Change |
| Revenue | $3B | $2.5B | 20% |
| Adjusted EBIDTA | $163M | $154M | 6% |
| Adjusted earnings per share | $0.29 | $0.45 | (36%) |
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post • Chicago, IL Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now