Reported 28 days ago
GXO Logistics reported a 25% year-over-year increase in fourth-quarter revenue, reaching $3.25 billion, fueled by a landmark $2.5 billion contract with a healthcare company and strong e-commerce sales. The company's adjusted earnings per share rose 43% to $1, significantly surpassing Wall Street forecasts. CEO Malcolm Wilson highlighted ongoing momentum in e-fulfillment projects and partnerships, with a 15% increase in the customer pipeline. Full-year revenue for 2024 was up 20% to $11.7 billion, although net income declined to $138 million from $233 million in the previous year.
Source: YAHOO