GXO Logistics reported solid second-quarter results, with revenue climbing to US$3.3 billion, a 16% jump from the same period last year. The company also posted 6% organic revenue growth, marking its best result in more than two years.
Adjusted EBITDA rose 13% to US$212 million. Net income, however, dipped to US$28 million, down from $39 million a year ago. Diluted earnings per share came in at US$0.23, compared to US$0.32 last year. Adjusted EPS stood at US$0.57, slightly above last year’s US$0.55.
New business wins hit US$307 million in the quarter, up 13% year over year. That brings GXO’s total for the first half of 2025 to more than US$500 million.
CEO Malcolm Wilson highlighted the recent approval of GXO’s Wincanton acquisition, calling it a key step toward expansion in the UK and Europe, particularly in aerospace and industrial sectors. Integration is set to begin in the coming weeks.
The company also confirmed a leadership change. Patrick Kelleher, a long-time supply chain executive, will take over as CEO later this month.
GXO has raised its full-year 2025 guidance once again, now expecting:
-
Organic revenue growth between 3.5% and 6.5%
-
Adjusted EBITDA of US$865 million to US$885 million
-
Adjusted EPS between US$2.43 and US$2.63
-
And EBITDA-to-free-cash-flow conversion of 25% to 35%.
Despite strong top-line growth, cash flow took a hit. GXO generated just US$3 million in operating cash during the quarter and reported a free cash outflow of US$43 million, citing working capital investment and a one-time regulatory payment.
As of June 30, the company held US$205 million in cash and carried US$2.7 billion in debt.
