GXO Logistics, Inc. reported a significant increase in revenue for the first quarter of 2025, achieving $2.977 billion, a 21% rise from $2.456 billion in the same period of 2024. This growth was primarily driven by the acquisition of Wincanton plc, which contributed approximately $487 million to the revenue. However, the company also faced challenges, including a net loss of $96 million, compared to a loss of $37 million in the prior year. The loss per share for the quarter was $(0.81), up from $(0.31) in the previous year.
The company's direct operating expenses rose by 24% to $2.558 billion, largely due to the costs associated with the Wincanton acquisition and overall business growth. As a percentage of revenue, direct operating expenses increased to 85.9% from 83.7% in the prior year, reflecting the impact of the acquisition. Selling, general, and administrative expenses also increased to $261 million, up from $249 million, while depreciation and amortization expenses rose to $109 million from $92 million, again influenced by the acquisition.
In terms of operational metrics, GXO's customer base and geographic reach expanded, with notable revenue increases across various regions, including the United Kingdom, which saw revenue rise to $1.391 billion from $913 million. The company also reported growth in its omnichannel retail segment, which generated $1.422 billion in revenue, up from $1.022 billion. The total employee headcount remained stable, with no significant changes reported in staffing levels.
Looking ahead, GXO Logistics is focused on integrating Wincanton and optimizing its operations to enhance profitability. The company has authorized a stock repurchase plan of up to $500 million, which it intends to fund through existing cash and borrowings. Despite the challenges faced in the first quarter, including increased interest expenses and regulatory matters, the company remains optimistic about its long-term growth prospects, supported by a strong customer base and a strategic focus on technology-enabled logistics solutions.
About GXO Logistics, Inc.
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