February 10, 2026 Fourth quarter and full year 2025 results © GXO Logistics, Inc. Disclaimer Non-GAAP Financial Measures: As required by the rules of the Securities and Exchange Commission ("SEC"), we provide reconciliations of the non-GAAP financial measures contained in this presentation to the most directly comparable measure under GAAP, which are set forth in the financial tables included in the attached appendix. GXO's non-GAAP financial measures in this presentation include: adjusted earnings before i ...

分组1 - GXO Logistics reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, but down from $1 per share a year ago, representing an earnings surprise of +4.92% [1] - The company achieved revenues of $3.51 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.08% and increasing from $3.25 billion year-over-year [2] - GXO Logistics has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has gained approximately 11.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $3.22 billion, and for the current fiscal year, it is $3.09 on revenues of $13.88 billion [7] - The Transportation - Air Freight and Cargo industry, to which GXO Logistics belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook [8]

Group 1 - GXO Logistics Inc. reported a 7.9% increase in fourth-quarter revenue, reaching $3.5 billion, compared to $3.25 billion in the same period last year, driven by growth across regions [1] - Adjusted earnings per share for the quarter was 87 cents, up from 83 cents per share a year earlier, and adjusted EBITDA increased slightly to $255 million from $251 million [2] - For the full year, GXO posted revenue of $13.2 billion, a 12.5% year-over-year increase, with adjusted EBITDA rising to $881 million from $815 million [4] Group 2 - The company generated $259 million in free cash flow for the year, an increase from $251 million the previous year, and achieved record quarterly and annual revenue [4] - CEO Patrick Kelleher highlighted the addition of new leaders in commercial and operations functions, and plans to deploy AI and robotics across the network by 2026 to drive efficiency [5] - GXO issued guidance for 2026, projecting organic revenue growth of 4% to 5%, adjusted EBITDA of $930 million to $970 million, and adjusted diluted earnings per share of $2.85 to $3.15 [6] Group 3 - GXO Logistics is one of the largest pure-play contract logistics providers globally, with over 970 facilities totaling approximately 200 million square feet and a workforce of more than 130,000 people [3]

Revenue Performance - Record revenue of $3.5 billion in Q4 2025, up 7.9% year over year, with organic revenue growth of 3.5%[5] - Full year 2025 revenue reached $13.2 billion, a 12.5% increase from $11.7 billion in 2024, with organic revenue growth of 3.9%[8] - Revenue for Q4 2025 was $3,507 million, a 7.9% increase from $3,250 million in Q4 2024[30] - Full-year revenue for 2025 reached $13,178 million, up 12.7% from $11,709 million in 2024[30] - Revenue from the United Kingdom for Q4 2025 was $1,687 million, a 10.9% increase from $1,521 million in Q4 2024[38] - Revenue from omnichannel retail for Q4 2025 was $1,713 million, up 11% from $1,543 million in Q4 2024[38] - Organic revenue for Q4 2025 was $3,364 million, with organic revenue growth of 3.5% compared to Q4 2024[53] Profitability Metrics - Adjusted EBITDA for Q4 2025 was $255 million, compared to $251 million in Q4 2024, while full year adjusted EBITDA was $881 million, up from $815 million in 2024[6][9] - Adjusted EBITDA for Q4 2025 was $255 million, slightly up from $251 million in Q4 2024, with an adjusted EBITDA margin of 7.3%[40] - Operating income for Q4 2025 was $94 million, a decrease of 6.9% compared to $101 million in Q4 2024[30] - Net income for Q4 2025 was $43 million, down 57% from $100 million in Q4 2024[30] - Adjusted net income attributable to GXO for the year ended December 31, 2025, was $292 million, down from $335 million in 2024[47] - Operating income for Q4 2025 was $94 million, with an operating income margin of 2.7%[40] Cash Flow and Debt - Cash flows from operations in Q4 2025 were $170 million, down from $186 million in Q4 2024, while free cash flow increased to $163 million from $127 million[8] - The company reported a net cash provided by operating activities of $434 million for 2025, down from $549 million in 2024[34] - Cash and cash equivalents increased to $854 million in 2025 from $413 million in 2024[32] - Total debt outstanding was $3.1 billion, and net debt was $2.2 billion as of December 31, 2025[9] - Total debt as of December 31, 2025, was $3,065 million, resulting in a debt to net income ratio of 85.1x[57] - The net leverage ratio as of December 31, 2025, was 2.5x, calculated using net debt of $2,211 million and adjusted EBITDA of $881 million[57] Strategic Initiatives - New business wins exceeded $1 billion for the third consecutive year, with an incremental revenue of $774 million expected in 2026, up 20% year-over-year[7] - Strategic actions include leadership strengthening in the Americas and Asia Pacific, and increased deployment of AI and robotics across the network[4] - Integration of Wincanton is underway, with synergy realization on track[7] - The company plans to share its long-term strategic roadmap at an Investor Day later in 2026[5] Guidance and Future Outlook - 2026 guidance includes organic revenue growth of 4% to 5%, adjusted EBITDA of $930 million to $970 million, and adjusted diluted EPS of $2.85 to $3.15, reflecting a 20% increase at the mid-point[7][12] - Capital expenditures for 2025 were $324 million, a slight decrease from $359 million in 2024[34]

Core Insights - GXO Logistics, Inc. reported record revenue for both the fourth quarter and full year 2025, with organic growth in every region and new business wins exceeding $1 billion for the third consecutive year [2][4][8] - The company is focusing on strategic actions to accelerate growth and expand margins, including the deployment of AI and robotics across its network [3][4] - GXO's financial outlook for 2026 includes organic revenue growth of 4% to 5%, adjusted EBITDA of $930 million to $970 million, and adjusted diluted EPS of $2.85 to $3.15 [8][17] Fourth Quarter 2025 Results - Revenue increased to $3.5 billion, a 7.9% year-over-year growth from $3.3 billion in Q4 2024, with organic revenue growth of 3.5% [4][6] - Net income was $43 million, down from $100 million in Q4 2024, with diluted earnings per share at $0.37 compared to $0.83 in the same period last year [5][6] - Adjusted EBITDA rose to $255 million from $251 million in Q4 2024, while adjusted diluted EPS decreased to $0.87 from $1.00 [5][6] Full Year 2025 Results - Total revenue for 2025 reached $13.2 billion, marking a 12.5% increase from $11.7 billion in 2024, with organic revenue growth of 3.9% [7][8] - Net income for the year was $36 million, down from $138 million in 2024, with diluted earnings per share at $0.28 compared to $1.12 [7][9] - Adjusted EBITDA for the year was $881 million, up from $815 million in 2024, while adjusted diluted EPS decreased to $2.51 from $2.80 [7][9] Cash Flow and Debt - GXO generated $170 million in cash flows from operations in Q4 2025, down from $186 million in Q4 2024, while free cash flow increased to $163 million from $127 million [6][9] - For the full year, cash flows from operations totaled $434 million, compared to $549 million in 2024, with free cash flow at $259 million, slightly up from $251 million [9][10] - As of December 31, 2025, the company had cash and cash equivalents of $854 million, total debt of $3.1 billion, and net debt of $2.2 billion [10][59] 2026 Guidance - GXO's guidance for 2026 includes organic revenue growth of 4% to 5%, adjusted EBITDA of $930 million to $970 million, and adjusted diluted EPS of $2.85 to $3.15, reflecting a 20% increase at the mid-point [8][17] - The company anticipates incremental new business revenue of $774 million for 2026, representing a 20% year-over-year increase [8]

Core Insights - GXO Logistics, Inc. has established a new Defense Advisory Board to enhance its logistics solutions for the aerospace and defense sectors, indicating a strategic focus on growth opportunities in this area [1][2] Company Overview - GXO is recognized as the world's largest pure-play contract logistics provider, with over 150,000 employees across more than 1,000 facilities, totaling over 200 million square feet [6] - The company has over two decades of experience in delivering logistics services for aerospace, government, and defense, supporting the entire product lifecycle and various market segments [3] Strategic Developments - The formation of the Defense Advisory Board is a response to the growing demand for advanced logistics solutions in the aerospace and defense industries, as highlighted by CEO Patrick Kelleher [2] - GXO's growth in these sectors is supported by recent agreements with major companies such as BAE Systems, Pratt & Whitney, and Boeing [4] Advisory Board Composition - The Defense Advisory Board includes notable members with extensive military and business backgrounds, such as: - Rob Dickerson, a retired U.S. Army Colonel with experience in military business development [5] - Kurt Gutierrez, a managing partner with over 25 years of executive experience [5] - Chad Hennings, a former U.S. Air Force officer and entrepreneur [5] - Rear Admiral Jonathan A. Yuen, a senior logistics leader with a background in global Navy logistics operations [5] Market Position - GXO is positioned to unlock growth opportunities across Europe following its acquisition of Wincanton, enhancing its capabilities in the defense logistics market [3]

Core Insights - GXO Logistics has been selected by BMW Group to manage operations at its Swindon manufacturing plant, aiming to enhance supply chain efficiency and resilience in the automotive sector [1][2]. Group 1: Partnership Details - Under the new partnership, GXO will oversee warehouse operations for car parts in Swindon, optimizing BMW Group's supply chain and strengthening automotive production resilience in the UK [2]. - The Swindon site is crucial for producing pressed parts for MINI vehicles and other BMW models, playing a significant role in the global production network [2][4]. Group 2: Operational Enhancements - GXO plans to implement smarter logistics solutions, upgrade technology, and optimize plant layout to support BMW Group's efficiency and innovation goals [3]. - The partnership marks a significant milestone for GXO in the UK automotive sector, leveraging advanced automation and data-driven logistics to meet BMW's evolving production needs [5]. Group 3: Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, with over 150,000 team members across more than 1,000 facilities totaling over 200 million square feet [6]. - The company focuses on solving complex logistics challenges for leading blue-chip companies through technologically advanced supply chain and e-commerce solutions [6].

Core Viewpoint - GXO Logistics, Inc. is a leading logistics company with a strong position in supply chain management and contract logistics, known for its innovative solutions and efficient operations [1] Company Performance - Over the past 30 days, GXO's stock has gained approximately 0.97%, indicating positive momentum, although it experienced a 1.86% decline in the last 10 days, which may present a buying opportunity for investors [2][5] - The company has a projected stock price increase of 17.86%, suggesting significant growth potential and making it appealing for growth-focused investors [3][5] Analyst Insights - Analysts have set a target price of $66.40 for GXO, reflecting confidence in its future performance and indicating that the stock is currently undervalued [4][5] - The recent touch of a local minimum in the stock's price could signal a potential rebound, offering an entry point for investors [4]

Core Insights - GXO Logistics, Inc. has announced a contract renewal and expansion with BAE Systems, marking the beginning of their third decade of partnership [1][2][9] - The six-year agreement will support BAE Systems in the development of Type 26 frigates, enhancing the UK's defense capabilities [2][5] Company Developments - The partnership extension reflects BAE Systems' confidence in GXO's logistics solutions, particularly following GXO's acquisition of Wincanton, which has bolstered its defense capabilities [3][6] - GXO will provide warehousing solutions and materials handling at BAE Systems' shipyards in Scotstoun and Govan, as well as manage inbound and outbound volumes across various warehousing facilities in Scotland [3][4] Operational Enhancements - The agreement includes support for inbound and outbound transport operations through GXO's 4PL Control Tower, which will enhance visibility and coordination of inventory movements [4] - The collaboration aims to improve the efficiency of BAE Systems' supply chain and shipbuilding operations, providing the necessary flexibility and resilience for the Type 26 frigate program [5] Industry Position - GXO Logistics is recognized as the world's largest pure-play contract logistics provider, with over 150,000 team members and more than 1,000 facilities globally [7] - The company has established itself as a leading provider in the aerospace and defense sectors, with operations spanning over 30 global sites [5][7]

Core Insights - GXO Logistics has partnered with London Luton Airport to operate the airport's first consolidation centre, aimed at enhancing security and efficiency for airside deliveries [1][3] Group 1: Partnership and Operations - The consolidation centre will manage all airside deliveries, addressing the operational needs arising from an increase in passenger numbers, which rose from 16.7 million in 2024 to over 17.5 million in 2025 [2] - GXO will ensure secure checking and delivery of items available for purchase in the terminal, including high-end fashion, cosmetics, and items for airport shops and restaurants [3] - The consolidation centre will be located in a repurposed hangar as part of an £11.5 million refurbishment programme, which will also create 150 new jobs at the airport [4] Group 2: Technology and Efficiency - GXO will implement a bespoke IT system named STREAM to monitor and manage service levels, ensuring continuous improvement and real-time tracking for deliveries [6] - The STREAM system will enhance retail revenue and passenger experience by ensuring stores are stocked with the right merchandise and allowing dynamic adjustments to delivery schedules [7] Group 3: Industry Impact - This partnership represents a significant expansion for GXO in the UK airport sector, where it has been operating consolidation centres since 2006 [5] - The consolidation centre will provide multi-faceted customer service support, including 24/7 access to a service-focused team for improved delivery outcomes [5]