Overview

• GXO reported second-quarter adjusted EPS of $0.57, topping consensus by one cent, and generated $3.3 billion in revenue, up 16% year over year with 6% organic growth.
• The company lifted its full-year adjusted EBITDA outlook by $5 million to a range of $865 million–$885 million, marking a second upward revision this year.
• In Q2, GXO secured $307 million in new deals, bringing first-half contract wins to $535 million and sustaining a $2.4 billion business pipeline.
• AI-powered e-commerce replenishment and reverse logistics now represent over 10% of GXO’s pipeline and contribute a high-single-digit share of revenue.
• UK regulators approved GXO’s $965 million Wincanton acquisition conditional on grocery contract divestitures, and Patrick Kelleher will succeed Malcolm Wilson as CEO on August 19 while CFO Baris Oran plans to step down.