GXO signed $228 million in new business ones in Q1, according to CEO Malcolm Wilson. (GXO Logistics via Blue Yonder Media)
GXO Logistics experienced an increase in revenue but a loss in earnings during the first quarter of 2025, the company reported May 8.
The Greenwich, Conn.-based contract logistics firm posted a net loss of $95 million, or 81 cents a diluted share, for the three months ending March 31. That compared with a loss of $36 million, 31 cents, during the same time the previous year. Total revenue increased 21% to $2.98 billion from $2.46 billion.
“GXO delivered a strong first quarter,” GXO CEO Malcolm Wilson said. “We signed $228 million of new business wins, and our sales pipeline of $2.5 billion, excluding Wincanton, stands at its highest level in three years. We’ve finalized a landmark deal with England’s National Health Service Supply Chain. This is our largest-ever contract and carries a total lifetime value of about $2.5 billion.”
GXO also has secured more than $700 million of incremental revenue already for 2025, and there’s an additional $300 million already won for 2026.
“In a dynamic trade environment, customers need a reliable partner to help them navigate the global supply chain in a cost-effective way,” said Wilson, who is retiring this year. “GXO’s market-leading technology solutions, deep operational expertise and global scale make us the partner of choice for leading brands all over the world.”
GXO Reports First Quarter 2025 Results
Revenue by segment:
- Omnichannel retail operations increased 39.1% to $1.42 billion from $1.02 billion.
- Technology and consumer electronics increased 2.9% to $393 million from $382 million.
- Industrial and manufacturing increased 36.1% to $362 million from $266 million.
- Food and beverage decreased 0.6% to $314 million from $316 million.
- Consumer packaged goods decreased 3.7% to $284 million from $295 million.
GXO ranks No. 3 on the Transport Topics Top 100 list of the largest logistics companies in North America.
