GXO Logistics, Inc. provided earnings guidance for the first quarter ended March 31, 2024 and full year of 2024. For the quarter, the company currently expects to report for the first quarter ended March 31, 2024: Revenue of approximately $2.5 billion; Net loss of approximately $36 million, primarily driven by a $63 million expense associated with legacy litigation.

The company reiterated its outlook for the full year 2024 on a standalone basis and updated its guidance to include the expected impact of the Wincanton acquisition, which remains subject to the satisfaction of customary conditions. Standalone basis (unchanged): Organic revenue growth of 2% to 5%, Including expected impact of Wincanton acquisition, subject to the satisfaction of customary conditions: Organic revenue growth of 2% to 5%.