From Yahoo Finance: 2025-05-08 16:07:00

GXO Logistics Inc. reported $3 billion in first-quarter revenue, a 21% increase from last year. CEO Malcolm Wilson noted challenges from potential tariffs. The company signed a $2.5 billion contract with England’s NHS Supply Chain and has a sales pipeline of $2.5 billion. Clients include DuPont, Boeing, and Kimberly-Clark.

GXO’s new wins in the first quarter were from outsourced business, automation, and e-commerce sectors. The company reaffirmed its full-year guidance despite a dynamic environment. GXO projects organic revenue growth of 3-6% and adjusted EBITDA of $840-$860 million for 2025. CFO Baris Oran emphasized the company’s resilience.

The United Kingdom is GXO’s largest market with $1.4 billion in revenue for the first quarter. The U.S. market generated $752 million, a 1% increase year-over-year. GXO is awaiting final approval for its acquisition of Wincanton for about $1 billion. The company is optimistic about the deal’s conclusion.

GXO and Wincanton are operating independently until the UK’s Competition and Markets Authority completes its review of the acquisition. CEO Wilson expressed satisfaction with Wincanton’s performance post-acquisition. The company expects full clearance from the CMA in the coming weeks, further solidifying its growth plans.

Read more: GXO Logistics sees growth opportunities in e-commerce, health care