GXO Logistics Q3 revenue beats on strong organic growth

By Reuters News


Overview

  • US contract logistics provider's Q3 revenue rose 5.7%, beating analyst expectations

  • Adjusted EPS for Q3 beat consensus, adjusted EBITDA slightly missed estimates

  • Company repurchased $84 mln in shares and reaffirmed full-year 2026 guidance


Outlook

  • GXO reaffirms full-year 2026 guidance for organic revenue growth of 4% to 5%

  • Company expects 2026 adjusted EBITDA of $945 mln to $965 mln

  • GXO forecasts 2026 adjusted diluted EPS of $2.95 to $3.15


Result Drivers

  • ORGANIC GROWTH - Co said organic revenue growth was 6.4%, the fastest in more than three years, driven by new strategy implementation

  • NEW BUSINESS WINS - Co reported $375 mln of new business wins, up 34% year over year, with about 40% in strategic growth verticals

  • PIPELINE EXPANSION - Sales pipeline reached a record $3.1 bln, up more than 30% year over year, supporting future revenue visibility


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$3.6 bln

$3.54 bln (14 Analysts)

Q3 Adjusted EPS

Beat

$0.89

$0.86 (16 Analysts)

Q3 EPS

$0.56

Q3 Net Income

$65 mln

Q3 Adjusted EBITDA

Slight Miss*

$251 mln

$252.57 mln (14 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"

  • Wall Street's median 12-month price target for GXO Logistics, Inc. is $65.00, about 24.7% above its November 2 closing price of $52.12

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Nov 3 - Mayville Engineering Q3 revenue beats on Datacenter & Critical Power demand

  • Nov 2 - Voyager Technologies Q3 revenue beats; low end of 2026 outlook range raised

  • Nov 2 - Canada's Toromont Q3 revenue beats on higher equipment sales, rentals


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk