Record-Breaking Revenue and Growth
GXO delivered record revenue of $3.3 billion, up 16% year-over-year, with 6% organic growth. Adjusted EBITDA was $212 million, up 13% year-over-year.
New Business Wins and Strategic Partnerships
New business wins of $307 million, up 13% year-over-year, with notable contracts with AkzoNobel, Boeing, L'Oreal, Nestle, Pratt & Whitney, and Thermo Fisher.
Raised Full Year Guidance
GXO increased full year adjusted EBITDA guidance to $865 million to $885 million, reflecting a $25 million increase from initial estimates.
Successful Launch of GXO IQ Platform
GXO launched GXO IQ, a software platform designed with Google Cloud to enhance supply chain operations using AI.
Strong Sales Pipeline and Customer Retention
GXO's sales pipeline is robust at $2.4 billion, and customer satisfaction scores are at an all-time high, with a mid-90s retention rate.
Strategic Acquisition of Wincanton
Regulatory approval received for the acquisition of Wincanton, unlocking growth opportunities in industrial and aerospace markets with expected synergies of $60 million by 2026.
Investment-Grade Credit Rating
Moody's upgraded GXO's credit rating, giving them investment-grade ratings from all three major agencies for the first time since the spin.