GXO · GXO Logistics, Inc.

GXO delivered a strong first quarter 2026, marked by double-digit revenue growth, a sharp reversal from net loss to net income, and meaningful expansion in adjusted EBITDA and adjusted diluted EPS. Revenue rose 10.8% year over year to $3.3 billion, supported by $227 million in new business wins — 40% of which were in high-margin strategic verticals including aerospace & defense, technology, industrial, and life sciences. Organic revenue growth was 4.1%, indicating underlying demand strength beyond acquisitions or currency effects. The $200 million adjusted EBITDA reflects both core operating leverage and a $12.5 million net year-over-year benefit from an early site exit and timing of contract termination costs — a non-recurring tailwind that management explicitly quantified. Net income improved dramatically to $5 million from a $95 million loss, while GAAP diluted EPS turned positive at $0.03 versus a $0.81 loss per share a year earlier. Management attributed the results to three priorities: sharpening commercial strategy (evidenced by a record $2.7 billion sales pipeline, up 35% sequentially in North America), strengthening execution, and accelerating AI and automation deployment. Given this better-than-expected start, GXO raised its full-year 2026 guidance across key non-GAAP metrics: adjusted EBITDA now ranges $935–$975 million (up $5 million at both ends), and adjusted diluted EPS is $2.90–$3.20 (also up $0.05 at both ends). The company also reaffirmed its focus on capital discipline, targeting 30–40% free cash flow conversion. These results reinforce GXO’s positioning as a scalable, predictable logistics platform benefiting from structural e-commerce, outsourcing, and automation tailwinds — and signal growing confidence in its ability to execute against long-term financial targets ahead of its Investor Day later this year.