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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.)

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