First look: GXO Logistics Q3 revenue hits $3.6B
GXO Logistics reported a 5.7% increase in third-quarter revenue to $3.59 billion as new business wins surged 34% and its sales pipeline reached a record $3.1 billion. The post First look: GXO Logistics Q3 revenue hits $3.6B appeared first on FreightWaves .
GXO Logistics reported a 5.7% increase in Q3 revenue to $3.59 billion, driven by new business growth and expanded sales pipeline. Organic revenue jumped 6.4%, marking the fastest pace in over three years. The company secured $375 million in new contracts, up 34% year-over-year. GXO's sales pipeline hit a record $3.1 billion, a 30% increase from the prior year.
CEO Patrick Kelleher credited a new strategy for delivering results, citing stronger business in core markets and improved conversion rates. Despite a decline in operating income and wider EBITDA margin, GXO reaffirmed its 2026 financial guidance, projecting 4%-5% organic revenue growth, adjusted EBITDA of $945 million to $965 million, and free cash flow conversion of 30%-40%.
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