GXO Logistics Inc. (GXO) stock plummeted 8.09% in pre-market trading on Thursday, following the company's mixed fourth-quarter 2024 earnings report and weaker-than-expected guidance for the full year 2025.
The supply chain solutions provider reported record revenue of $3.3 billion for Q4 2024, beating analyst estimates of $3.22 billion and reflecting a 26.9% year-over-year increase. However, adjusted earnings per share (EPS) of $1.00 fell short of the consensus forecast of $0.94, potentially contributing to the stock's pre-market selloff.
While GXO achieved full-year 2024 revenue of $11.7 billion, up 20% from the previous year, net income declined to $138 million from $233 million in 2023, signaling higher operational costs or one-time expenses impacting profitability. Furthermore, free cash flow decreased by 15.9% year-over-year to $127 million, raising concerns about liquidity and cash management.
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