GXO Q2 Revenue Misses, But EPS Beats and New Business Wins Surge 34%
GXO sits 15% above its 52-week low of $45.4.
Summary
GXO Logistics reported Q2 revenue of $3.4B, missing the $3.46B consensus, but adjusted EPS of $0.59 beat by a penny. The company achieved $410M in new business wins, up 34% YoY, with North America first-half wins up 85%. Full-year guidance was reiterated: organic revenue growth of 4-5%, adjusted EBITDA of $945M-$965M, and adjusted EPS of $2.95-$3.15. Adjusted EBITDA beat analyst estimates, underscoring margin performance. This follows a string of contract wins with L'Oréal, Action, Co-op, and Castorama, showing sustained deal flow.
At the time of this announcement, GXO was trading at $52.37 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6B. The 52-week trading range was $45.40 to $66.85. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.