GXO Outperforms in Revenue Growth
GXO Logistics exceeded earnings expectations with strong revenue growth, despite a decline in cash flow.
GXO Logistics (NYSE:GXO), a leader in the supply chain solutions industry, unveiled its earnings for the fourth quarter of 2024 on Feb. 12. The company reported an adjusted earnings per share (EPS) of $1.00, surpassing analysts' expectations of $0.94. Revenue stood at $3.3 billion, exceeding forecasts of $3.2 billion, reflecting a 26.9% year-over-year increase.
While these figures showcase GXO's growth and market presence, a decline in free cash flow suggests challenges in cash management.
Source: GXO Logistics. Analyst estimates for the quarter provided by FactSet.
