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GXO Logistics , Inc. (NYSE:GXO), a $4.7 billion logistics company with annual revenues exceeding $12 billion, reported on Thursday the outcomes of its 2025 Annual Meeting held on Tuesday, May 13, 2025. The company’s stockholders voted on several key proposals during the meeting, which included the election of board members, ratification of the company’s independent auditor, and an advisory vote on executive compensation. According to InvestingPro data, GXO has shown strong business fundamentals, with 8 analysts recently revising their earnings expectations upward for the upcoming period.
Nine directors were elected to GXO’s Board for a term set to expire at the 2026 annual meeting of stockholders. Each nominee received a majority of votes in their favor, with the number of votes against, abstentions, and broker non-votes also reported for each director.
The appointment of KPMG LLP as GXO’s independent registered public accounting firm for the fiscal year 2025 was ratified with an overwhelming majority. The vote saw over 107 million votes for, 128,387 against, and 72,876 abstentions. There were no broker non-votes for this proposal.
Additionally, the advisory vote on the executive compensation of the company’s named executive officers was approved. The proposal received approximately 88 million votes for, 10.9 million against, and 216,394 abstentions, with 8.1 million broker non-votes.
The filing did not include any other resolutions or business matters presented for shareholder vote. The company’s press release statement served as the source of this information. The reported data reflects the shareholders’ support for the company’s current board and management strategies as indicated by the voting results on the key proposals. InvestingPro analysis suggests GXO is currently undervalued, despite trading at a relatively high P/E ratio of 65x. Investors can access detailed valuation metrics and 8 additional exclusive ProTips about GXO through the comprehensive Pro Research Report, available with an InvestingPro subscription.
In other recent news, GXO Logistics reported strong financial results for the first quarter of 2025. The company exceeded analyst expectations with an earnings per share (EPS) of $0.29, surpassing the forecast of $0.25, and reported revenue of $3 billion, which was above the anticipated $2.93 billion. This performance marked a 21% year-over-year increase in revenue, showcasing GXO’s robust operational execution. The company reaffirmed its full-year guidance, projecting organic revenue growth between 3% and 6%, and adjusted EBITDA ranging from $840 million to $860 million.
Additionally, GXO Logistics announced the addition of five new members to its Board of Directors, enhancing its strategic growth and operational capabilities. The company is also progressing with the integration of its recent acquisition of Wincanton, which is expected to contribute positively to its growth strategy. Stifel analysts maintained a Buy rating on GXO Logistics with a $66 price target, highlighting the company’s solid performance and strategic initiatives as attractive investment opportunities. GXO’s recent contract with the UK’s National Health Service is anticipated to bolster its expansion into the healthcare sector. These developments reflect GXO Logistics’ continued focus on leveraging technology and strategic acquisitions to drive growth.
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