Gxo Logistics Inc ( (GXO) ) has released its Q4 earnings. Here is a breakdown of the information Gxo Logistics Inc presented to its investors.
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GXO Logistics, Inc. is the world’s largest pure-play contract logistics provider, focusing on supply chain solutions that leverage ecommerce, automation, and outsourcing. In its latest earnings report, GXO Logistics announced record revenues for both the fourth quarter and the full year of 2024, highlighting significant business wins and strategic acquisitions. Key financial metrics showed a 25% increase in fourth-quarter revenue year-over-year, with organic growth at 4%. The company also reported a year-over-year rise in net income and adjusted EBITDA for the quarter. For the full year, revenue climbed 20%, though net income saw a decline due to various operational expenses. The company successfully secured over $1 billion in new business for the second consecutive year, including a landmark $2.5 billion contract in the health sciences sector. Looking ahead, GXO Logistics projects organic revenue growth of 3% to 6% for 2025, with an adjusted EBITDA target of $840 million to $860 million, reflecting confidence in its core business and growth strategies.
