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.

Expansion follows Bigblue's selection of GXO in Spain, Bigblue's fastest growing market, in 2022 Expansion follows Bigblue's selection of GXO in Spain, Bigblue's fastest growing market, in 2022

GXO and Bigblue Expand Partnership to France

Kellogg

GXO Logistics Inc., the world's largest pure-play contract logistics provider, said Tuesday it has expanded its partnership with Kellogg Co.,(NYSE: K) the world's leading cereal producer and a leading maker of snack foods.  The renewed agreement includes solutions in the U.K., Spain, Germany and Poland as well as a new facility in Belgium.

GXO expands European relationship with Kellogg

GXO wins new contract in Belgium to consolidate warehousing services into a semi-automated facility

GXO Signs Multi-Year Agreement with Kellogg to Expand Pan-European Partnership Across Five Countries

Deutsche Post AG

DHL Supply Chain and GXO Logistics are laying off workers in Texas as a result of both companies losing customers. DHL is laying off 80 Houston-area employees after a customer ended its contract.

DHL Supply Chain, GXO Logistics lay off workers in Texas

Logistics leader's continued investment in training and development affirms it as an employer of choice Logistics leader's continued investment in training and development affirms it as an employer of choice

GXO Partners with Multiverse to Launch a Data Training Academy

The e-commerce and logistics landscape is a complex and rapidly evolving system that involves buying and selling goods online and transporting and delivering those goods to customers. E-commerce has revolutionized how people shop, enabling them to purchase goods from anywhere in the world with just a few clicks.

Analysts Upgrade GXO Logistics, Its First Quarter Says It All

GXO Logistics, Inc. (NYSE:GXO ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Malcolm Wilson - Chief Executive Officer Baris Oran - Chief Financial Officer Bill Fraine - Chief Commercial Officer Mark Manduca - Chief Investment Officer Conference Call Participants Stephanie Moore - Jeffries Chris Wetherbee - Citigroup Scott Schneeberger - Oppenheimer Bascome Majors - Susquehanna Ben Moore - Deutsche Bank Brian Ossenbeck - JP Morgan Allison Poliniak - Wells Fargo Ravi Shanker - Morgan Stanley David Zazula - Barclays Bruce Chan - Stifel Operator Welcome to the GXO, First Quarter 2023 Earnings Conference Call and Webcast. My name is Sherry, and I will be your operator for today's call.

GXO Logistics, Inc. (GXO) Q1 2023 Earnings Call Transcript

GXO Logistics (GXO) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.59 per share a year ago.

GXO Logistics (GXO) Q1 Earnings and Revenues Top Estimates

Highlights Record first quarter revenue of $2.3 billion , up 12% year over year; organic revenue growth 1 of 7% ; net income attributable to GXO of $25 million ; adjusted EBITDA 1 of $158 million ; diluted EPS of $0.21 and adjusted diluted EPS 1 of $0.49 Full-year 2023 profit guidance raised: Adjusted diluted EPS raised $0.10 , now expected to be $2.40 - $2.60 Adjusted EBITDA raised $15 million , now expected to be $715 - $745 million Business Highlights Sales pipeline grows to approximately $2.3 billion , up from fourth quarter 2022 Strong first half momentum in new wins, including signing GXO's largest-ever annual revenue contract Incremental 2023 revenue of $782 million secured through the first quarter Revenue retention rate remains in the mid-to-high 90s First quarter e-commerce revenue up 34% year over year; reverse logistics revenue up 50% year over year Record operational tech deployment, up 64% year over year Expanded GXO Direct product to UK; rollout to Continental Europe planned later this year GREENWICH, Conn., May 09, 2023 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the first quarter 2023.

GXO Reports First Quarter 2023 Results

GXO Logistics (GXO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GXO Logistics (GXO) Expected to Beat Earnings Estimates: Should You Buy?

GXO Logistics (GXO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why GXO Logistics (GXO) is Poised to Beat Earnings Estimates Again

Trezzo sull'Adda, Italy, April 18, 2023 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it is extending and expanding its partnership with international fashion and luxury goods company Vivienne Westwood in a 9,500-square-meter solution at its shared services site in Carisio, Italy. “We are delighted to extend and expand our partnership to support the ambitious growth plans for our long-time customer Vivienne Westwood,” said Alessandro Renzo, Managing Director Italy and Switzerland at GXO.

GXO Expands Partnership with Vivienne Westwood

Sainsbury's, the U.K. supermarket chain giant, said Wednesday that it will move to three nationwide logistics partnerships by the end of 2024 as a way to simplify its operations by reducing vendor layers and moving its logistics workers off the payroll. The three businesses are transportation, food and general merchandise.

GXO big winner in Sainsbury's logistics overhaul

GXO to operate six additional warehouses for the UK retailer's fresh and frozen food Selected based on specialist sector expertise and experience LONDON, UK and GREENWICH, Conn., April 12, 2023 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today it has been selected by Sainsbury's, the second largest chain of supermarkets in the United Kingdom, to be its dedicated warehouse partner for fresh and frozen food.

GXO Expands Partnership with Sainsbury's to Become their Dedicated Warehouse Partner in Food

GXO is growing and increasing its dominance in the logistics business. Its recently introduced GXO Direct service offers customers increased flexibility.

This Under-the-Radar E-Commerce Company Just Made a Killer Move. Time to Buy?

GREENWICH, Conn., April 05, 2023 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) will hold its first quarter conference call and webcast on Wednesday, May 10, 2023, at 8:30 a.m. Eastern Time. The company's results will be released after market close on Tuesday, May 9, 2023, and made available on investors.gxo.com at that time.

GXO Schedules First Quarter Earnings Conference Call for Wednesday, May 10, 2023

Warehousing isn't what it used to be. Today, vacancy rates are at historically low levels, and storing goods and materials is more expensive than ever.

GXO Direct launches in UK with plans for future European expansion

GXO launches GXO Direct in the UK, the most compelling offering in the market GXO launches GXO Direct in the UK, the most compelling offering in the market

GXO Announces Global Expansion of GXO Direct, the Industry's Leading Shared Warehousing Solution

Joanna Borkowska-Iwanek, Maureen Findley and Steve Lewis named 2023 “Pros to Know” award winners by Supply & Demand Chain Executive magazine Joanna Borkowska-Iwanek, Maureen Findley and Steve Lewis named 2023 “Pros to Know” award winners by Supply & Demand Chain Executive magazine

GXO Executives Named ‘Pros to Know' by Leading Logistics Industry Magazine

New warehouse outside Atlanta supports the brand's booming direct-to-consumer business New warehouse outside Atlanta supports the brand's booming direct-to-consumer business

GXO Partners with Global Womenswear Brand SPANX, LLC

Efficiently managing supply chains is increasingly important when it comes to the survival of modern companies. GXO Logistics is a company focused on providing warehouses and supply chain solutions for customers looking to outsource these operations.

GXO Logistics: An Undervalued Supply Chain Superstar

Custom-designed and engineered solution deploys Lowpad autonomous mobile robots, guided by intuitive software, as well as high-tech process equipment Custom-designed and engineered solution deploys Lowpad autonomous mobile robots, guided by intuitive software, as well as high-tech process equipment

GXO Brings Industry-first Innovation to Outbound Process with Autonomous Mobile Robots

GXO Logistics Inc. reported Wednesday fourth-quarter earnings per share of 83 cents, exceeding analysts' estimates by 8 cents per share and up 10 cents a share from the 2021 period. Revenue rose 9.1% to $2.5 billion.

GXO cautiously confident about '23 after beating bottom line in Q4

You may not be able to tell by the charts, but the GXO Logistics (NYSE: GXO) spin-off was the right move at the right time. The hiccups in supply chain productivity caused by the pandemic highlighted the benefits of this logistics specialist and are driving sustained growth for the company.

GXO Logistics Manages Another Buying Opportunity

GXO Logistics, Inc. (NYSE:GXO ) Q4 2022 Results Conference Call February 15, 2023 8:30 AM ET Company Participants Malcolm Wilson - CEO Baris Oran - CFO Bill Fraine - CCO Mark Manduca - CIO Conference Call Participants Stephanie Moore - Jefferies Amit Mehrotra - Deutsche Bank Ari Rosa - Credit Suisse Bascome Majors - Susquehanna Brian Ossenbeck - JP Morgan Chris Wetherbee - Citi Jason Seidl - Cowen Scott Schneeberger - Oppenheimer Bruce Chan - Stifel Operator Welcome to the GXO Q4 and Full Year 2022 Earnings Conference Call and Webcast. My name is Kevin, and I'll be your operator for today's call.

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