GXO Logistics Inc 2024年度报告

GXO Logistics, Inc. (NYSE: GXO), together with its subsidiaries (“GXO,” the “Company,” “our” or “we”) is the largest pure-play contract logistics provider in the world and a foremost innovator in an industry propelled by strong seculartailwinds. We provide our customers with high-value-add warehousing and distribution, order fulfillment, ecommerce,reverse logistics and other supply chain services differentiated by our ability to deliver technology-enabled customizedsolutions at scale. As of December 31, 2024, our 152,000 team members operated in 1,030 facilities worldwide, totalingapproximately 218 million square feet of space, primarily on behalf of large corporations that have outsourced theirwarehousing, distribution and other related activities to us. Forward-looking Statements This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, asamended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements ofhistorical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements are qualified bycautionary statements regarding unknown risks, uncertainties, and assumptions as can be found in GXO’s filings with the U.S.Securities and Exchange Commission and accessed through the company’s website http://www.gxo.com. Forward-lookingstatements set forth in this document speak only as of the date hereof, and we do not undertake any obligation to updateforward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence ofunanticipated events, except to the extent required by law. © 2025 G XO Logistics, Inc. GXO LOGISTICS, INC.Two American LaneGreenwich, Connecticut 06831 April 17, 2025 To Our Valued Stockholders, 2024 was a strong year for GXO. We delivered record revenue and adjusted EBITDA1and expanded intonew, high-opportunity verticals—meaningful progress toward our goal of becoming the world’s leadinglogistics provider. Our continued investments in advanced automation and artificial intelligence have solidifiedGXO’s position as a tech leader in supply chain logistics, creating competitive advantages that directly benefitour customers. 2025 will be an important transition year for GXO. On behalf of the board, I want to thank Malcolm Wilson forhis outstanding contributions. During Malcolm’s tenure, GXO nearly doubled revenue, completed threestrategic acquisitions, delivered an annual return on invested capital1of more than 30%, and scaled to morethan 150,000 team members worldwide. Our new CEO will inherit a strong business, a deep bench ofleadership, and real momentum. We’re also taking this opportunity to refresh our Board of Directors with five new members who bring relevantexperience running sophisticated supply chains. I want to thank our outgoing directors—Clare, Gena, Joli,and Oren—for their service. Over the past several years, their guidance helped GXO grow from a newlyindependent company into a global logistics powerhouse. Thank you, shareholders, for your continued support of GXO! Brad JacobsChairman of the BoardGXO Logistics, Inc. CEO Letter to Stockholders Dear GXO Stockholders, In 2024, GXO delivered solid operating and commercial performance, driving sequential organic revenuegrowth in every quarter. It was a year in which investments in sales, technology, talent and a strategicacquisition set the foundation for future growth. This will be my last letter to you – our shareholders. As we announced in December, I will be retiring fromGXO this year. As I reflect on my 30-year career in the logistics industry, I feel immense gratitude and pride inour global GXO team. Our accomplishments together have solidified the company’s position as the leadingprovider of tech-enabled fulfillment solutions for blue chip customers around the world. Accelerating growth In 2024, GXO generated $11.7 billion in revenue, growing 20% year over year, and net income was $138million. Our adjusted EBITDA1grew to $815 million, reflecting 10% growth from $741 million in 2023, and ouroperating return on invested capital (ROIC1) of 46% was well-above our long-term target of more than 30%. We continued to drive value for our stakeholders by expanding into high growth verticals and geographies.We completed our acquisition of Wincanton plc, subject to review by the UK Competition and MarketsAuthority, which we expect to serve as a springboard into serving the aerospace, industrial and healthcaresectors across Europe. Our multi-year expansion plan in Germany, Europe’s largest logistics market, is ontrack. In 2024, Germany is our fastest growing market with wins across an array of sectors, includingaerospace & defense, food & beverage and omnichannel retail. We continued to strengthen our balance sheet. Our net leverage ratio1following the acquisition of Wincantonin the second quarter was 3.1x, which was reduced to 2.7x by the end o