Record Revenue and Adjusted EBITDA
GXO delivered record revenue of $3.3 billion, growing 16% year-over-year, with $212 million of adjusted EBITDA, up 13% year-over-year.
Increased Guidance and Business Wins
GXO raised its full-year adjusted EBITDA guidance to a new range of $865 million to $885 million. The company achieved new business wins of $307 million, up 13% year-over-year.
Strategic Acquisition and Integration
GXO received final regulatory approval for the acquisition of Wincanton, expected to unlock growth opportunities in the industrial and aerospace markets across Europe.
Launch of GXO IQ
GXO launched GXO IQ, a software platform designed with Google Cloud to improve supply chain operations using AI, reflecting innovation and progress.
Expansion in Key Markets
GXO is finalizing a nearly 20-year expansion with a top 15 U.S. retailer and expanded multiyear agreements with major clients like H&M.
Investment-Grade Credit Rating
Moody's upgraded GXO's credit rating, marking investment-grade ratings from all three major agencies for the first time since the spin.