GXO Logistics reports Q1 adjusted EPS 29c, consensus 25c

Reports Q1 revenue $2.977B, consensus $2.93B. Malcolm Wilson, chief executive officer of GXO, said, “GXO delivered a strong first quarter. We generated revenue of $3 billion, up 21% year over year, and delivered $163 million in adjusted EBITDA. 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 the England’s National Health Service Supply Chain. This is our largest-ever contract and carries a total lifetime value of about $2.5 billion.”