GXO Logistics

GXO Logistics, Inc. provides logistics services in North America and Europe. It offers warehousing and distribution, order fulfillment, e-commerce, reverse logistics and other supply chain services. The company was founded on February 16, 2021, and is headquartered in Greenwich, CT.

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GXO Logistics exceeds Q4 expectations, eyes accelerated growth towards 2027

GXO's strong Q4 performance and strategic targets for 2027 reflect a growth-oriented approach with a focus on M&A and operational efficiency
While facing challenges in a softer macro environment, the company's emphasis on cost synergies, customer retention, and growth opportunities positions it well for the future
Opportunities for accelerated growth, margin improvements, and operational enhancements underscore GXO's potential for sustained success and value creation
Overall, GXO's performance, strengths, and strategic initiatives indicate a resilient and forward-looking company poised for continued growth and profitability

GXO Logistics reports strong Q1 earnings, eyes tech growth

GXO Logistics had a robust Q1 2023, with strong revenue growth and increased operational tech deployment. They expect continued growth driven by automation and strategic partnerships, focusing on margin expansion and cost efficiency.
The company's strengths lie in GXO Direct's expansion, high-quality contracts, and focus on generating free cash flow. Challenges include cost alignment with growth and maintaining normalized inventory levels post-pandemic.
Opportunities for GXO include tech acceleration, value creation through M&A, and capitalizing on reverse logistics. They prioritize sustainability, shareholder value enhancement, and operational efficiency for future growth.

GXO Logistics reports robust Q2 earnings, eyes automation for growth

GXO Logistics continues to deliver strong financial performance, with revenue and EBITDA exceeding expectations and a focus on operational excellence.
The company's strategic partnerships, scalable cost structure, and emphasis on automation position GXO for sustained growth and margin improvement.
While facing challenges in certain markets, GXO's focus on efficiency, automation, and market expansion presents significant opportunities for future growth and profitability.

GXO Logistics reports record Q3 revenue and raises guidance

GXO Logistics excelled in Q3 with record revenue and EBITDA, driven by automation focus and new business wins. While facing organic growth challenges, the company remains confident in its ability to capitalize on industry growth potential and automation trends.

GXO Logistics reports stellar 2023 performance and optimistic outlook

GXO delivered a stellar 2023 with strong financial performance and $1 billion in new business wins. The outlook for 2024 is positive, with sequential growth expected throughout the year.
Strengths include a balanced portfolio, strategic partnerships, and a focus on automation and outsourcing. Challenges include warehouse capacity impacts and questions on outsourced contract trends.
Opportunities lie in reversing inventory adjustments, pursuing M&A targets, and capitalizing on the outsourcing trend. GXO's focus on efficiency and technology positions it well for future growth.
Overall, GXO's performance, strengths, and opportunities align with market trends, indicating a promising trajectory for sustained success and shareholder value creation.

GXO Logistics reports record Q2 revenue and strategic growth plans

GXO Logistics delivered a strong performance in Q2, with record revenue and significant new business wins.
While facing challenges in the North American market, the company remains optimistic about future growth and operational enhancements.
Strategic acquisitions, emphasis on automation, and commitment to innovation position GXO for continued success and value creation.

GXO Logistics reports record Q3 earnings and eyes European growth

GXO Logistics excelled in Q3 2024, showcasing robust financial performance, strategic partnerships, and technological advancements. While challenges like debt reduction and operational efficiency persist, the company is well-positioned to capitalize on growth opportunities in e-commerce and automation, driving future success.

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GXO Logistics, Inc. provides logistics services. It offers warehousing and distribution, order fulfillment, e-commerce, reverse logistics and other supply chain services. The company was founded on February 16, 2021 and is headquartered in Greenwich, CT.

Britain's competition regulator will investigate U.S.-based warehousing firm GXO Logistics' 762 million pound ($952.2 million) completed buyout of UK peer Wincanton , it said on Wednesday.

UK's CMA to probe GXO Logistics-Wincanton deal

GXO Logistics (GXO) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.49 per share a year ago.

GXO Logistics (GXO) Q1 Earnings Meet Estimates

First quarter revenue of $2.5 billion , up 6% year over year; organic revenue growth 1 of 1% Signed new business wins of approximately $250 million in annualized revenue in 1Q 2024; up 55% year over year Sales pipeline at 12-month high of $2.2 billion Completed acquisition of Wincanton on April 29, 2024 GREENWICH, Conn., May 07, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the first quarter 2024.

GXO Reports First Quarter 2024 Results

GXO advances its growth strategy to serve leading global brands across sectors in Germany 70,000 automated square meter site with pioneering sustainability standards; Both LEED and WELL Health-Safety Certified Expect to create up to 650 jobs at full capacity in 2026 DORSTEN, Germany and GREENWICH, Conn., May 06, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced a 20-year partnership agreement with Levi Strauss & Co (LS&Co.) to manage operations at a state-of-the-art 70,000 square meter Dorsten Distribution Center (DDC) launching in early June.

GXO to Manage Logistics Operations for Levi Strauss & Co at State-of-the-Art German Distribution Center

Acquisition expands GXO's presence in key strategic growth sectors and materially enhances offering for UK and Ireland customers Acquisition expands GXO's presence in key strategic growth sectors and materially enhances offering for UK and Ireland customers

GXO Completes Acquisition of Wincanton

GXO's partnership with Virgin Media O2 has helped remove 48 tonnes of single use plastic since 2021 GXO has driven a 94% reduction in single use plastics across its logistics operation LONDON, U.K., April 26, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that its industry-leading solutions have helped its long-term partner, Virgin Media O2, to significantly reduce plastic waste in its logistics operations. GXO has worked with the telecomms company to cut its consumption of single use plastics (SUP) from products sent to cable customers by almost 48 tonnes since 2021, further advancing both companies' ESG achievements.

GXO helps Virgin Media O2 cut single use plastic

GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (“GXO” or the “company”) (NYSE: GXO) today announced the pricing of $600 million of notes due 2029 (the “2029 notes”) and $500 million of notes due 2034 (the “2034 notes”, and together with the 2029 notes, the “notes”) in a registered public offering. Each offering of notes is expected to close on May 6, 2024, subject to the satisfaction of customary closing conditions.

GXO Announces Pricing of $1.1 Billion Notes Offering

GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (“GXO” or the “company”) (NYSE: GXO) today announced that, subject to market and other conditions, it intends to offer one or more series of its senior notes in a registered public offering.

GXO Announces Launch of Senior Notes Offering

15-year partnership enhancing supply chain operations with automated solutions 15-year partnership enhancing supply chain operations with automated solutions

GXO Renews Agreement with Mars

LONDON, U.K., April 17, 2024 (GLOBE NEWSWIRE) -- Daikin, a renowned leader in the heating, cooling and ventilation industry, has announced the opening and commencement of outbound deliveries from its new Midlands warehouse in Daventry, in partnership with its logistics partner GXO, the world's largest pure-play contract logistics provider.

Daikin and GXO Announce Opening of New Midlands Warehouse

GREENWICH, Conn., April 09, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced the appointment of Corinna Refsgaard as Chief Human Resources Officer, reporting to CEO Malcolm Wilson. Refsgaard will be responsible for global talent strategy as well as all strategic, operational and transformational HR processes, including compensation and benefits, workforce planning and performance management. She will be based in London.

GXO Appoints Corinna Refsgaard as Chief Human Resources Officer

GREENWICH, Conn., April 04, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) will hold its first quarter 2024 earnings conference call and webcast on Wednesday, May 8, 2024, at 8:30 a.m. Eastern Time. The company's results will be released after market close on Tuesday, May 7, 2024, and made available at that time on www.investors.gxo.com .

GXO Schedules First Quarter 2024 Earnings Conference Call for Wednesday, May 8, 2024

GXO trades at 10x 2024E Adj. EBITDA, which seems unreasonable for a company with a track record of growing at double digits across cycles. The market is overly focused on its short-term outlook and potential missing of its 2027 targets despite favourable long-term prospects. The secular trends of further logistics outsourcing and retail e-commerce penetration will help the company grow "by simply showing up."

GXO Logistics: Secular Winner At An Attractive Price

The Zacks Industry Rank for the Transportation-Air Freight and Cargo industry paints a poor picture. Braving the headwinds, UPS and GXO are worth being on investors' radar.

2 Air-Freight & Cargo Stocks to Watch Despite Industry Woes

GREENWICH, Conn. and LONDON, U.K., March 12, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced the newly created leadership role and appointment of Nizar Trigui as Chief Technology Officer (CTO) to further accelerate GXO's industry leadership in technology and capitalize on the increasing global demand for advanced warehouse solutions.

GXO Appoints Nizar Trigui as Its First Chief Technology Officer

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GXO Announces Offer to Acquire Wincanton

GXO Logistics' FY23 performance exceeded expectations, with revenue growth of 5% and higher-than-guided adj EPS. The company faced challenges in 2H23 due to high rates and macroeconomic conditions, leading to a decline in share price.

GXO Logistics: Underlying Trends Are Painting A Positive Outlook

Wincanton PLC (LSE:WIN, OTC:WNCNF) has confirmed US logistics group GXO as an interested party in a heated bidding war with the London-listed company. Shares Wincanton continued to surge higher on Monday as news of a second potential buyer for the logistics company emerged.

Wincanton confirms GXO Logistics as potential bidder

Wincanton plc (LON: WIN) is up 11% on Monday following a report that GXO Logistics Inc (NYSE: GXO) is interested in taking over the company based out of Chippenham, United Kingdom. Wincanton also receives raised offer from CMA What GXO is willing to pay for Wincanton remains unknown.

Wincanton stock pops 11% on GXO news

GXO Logistics, Inc. (GXO) Q4 2023 Earnings Call Transcript

GXO Logistics (GXO) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.83 per share a year ago.

GXO Logistics (GXO) Q4 Earnings and Revenues Top Estimates

Highlights Fourth quarter revenue of $2.6 billion ; net income attributable to GXO of $73 million ; adjusted EBITDA 1 of $193 million ; diluted EPS of $0.61 and adjusted diluted EPS 1 of $0.70 Full year revenue of $9.8 billion ; net income attributable to GXO of $229 million ; adjusted EBITDA 1 of $741 million ; diluted EPS of $1.92 and adjusted diluted EPS 1 of $2.59 Full year cash flows from operations of $558 million, equivalent to 244% of net income attributable to GXO, and free cash flow1 of $302 million, equivalent to 41% of adjusted EBITDA1 Announced 2024 guidance 2 : Organic revenue growth 1 of 2%-5% Adjusted EBITDA 1 of $760-$790 million Adjusted diluted earnings per share 1 of $2.70-$2.90 Free cash flow conversion 1 of 30%-40% of adjusted EBITDA 1 Business Highlights Signed more than $1 billion annualized revenue in 2023; ~40% from outsourcing ~$600 million of incremental revenue booked for 2024, and ~$230 million of additional incremental revenue booked for 2025; 29% higher than last year Sales pipeline remains strong at approximately $2 billion Closed the acquisition of PFSweb on October 23, 2023 GREENWICH, Conn., Feb. 13, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the fourth quarter and full year 2023.

GXO Reports Fourth Quarter and Full Year 2023 Results

GXO Logistics (GXO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: GXO Logistics (GXO) Q4 Earnings Expected to Decline

GXO deploys advanced platform to make depalletizing and repalletizing safer and more efficient for leading beauty brand GXO deploys advanced platform to make depalletizing and repalletizing safer and more efficient for leading beauty brand

GXO Pilots AI-enhanced Robotics in Warehouse

GREENWICH, Conn., Jan. 23, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) will hold its fourth quarter and full-year 2023 earnings conference call and webcast on Wednesday, February 14, 2024, at 8:30 a.m. Eastern Time. The company's results will be released after market close on Tuesday, February 13, 2024, and made available at that time on investors.gxo.com.

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