GXO Logistics (GXO) shares were rising 11% in recent Friday trading after the company raised its 2025 adjusted earnings guidance and obtained UK regulatory clearance for its acquisition of Wincanton.
The company said Thursday it now expects 2025 adjusted earnings of $2.43 to $2.63 per diluted share, up from its previous outlook range of $2.40 to $2.60 per share. Analysts polled by FactSet expect $2.45.
GXO also increased its organic revenue growth projections for the year to between 3.5% and 6.5% from its prior range of 3% to 6%.
The company also said Thursday that the UK Competition and Markets Authority has cleared its acquisition of Wincanton, subject to the sale of Wincanton's grocery warehousing business. The regulator said this "sufficiently addresses" competition concerns.
Separately, GXO said Friday it has named Patrick Kelleher as chief executive, effective Aug. 19, succeeding Malcolm Wilson, who is retiring. Kelleher previously held senior executive roles at DHL Supply Chain, a division of Deutsche Post DHL, the company said.
Price: 47.47, Change: +4.69, Percent Change: +10.96
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