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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Earnings data Q4 2024

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.

GXO Logistics, Inc. (NYSE:GXO ) Q2 2024 Results Conference Call August 6, 2024 8:30 AM ET Company Participants Malcolm Wilson - Chief Executive Officer Baris Oran - Chief Financial Officer Kristine Kubacki - Chief Strategy Officer Conference Call Participants Stephanie Moore - Jefferies Scott Schneeberger - Oppenheimer Chris Wetherbee - Wells Fargo Brian Ossenbeck - JPMorgan Ravi Shanker - Morgan Stanley Jason Seidl - TD Cowen David Zazula - Barclays Kevin Gainey - Thompson, Davis & Company Operator Hello, and welcome to the GXO Second Quarter 2024 Earnings Conference Call and Webcast. My name is Dana, and I will be your operator for today's call.

GXO Logistics, Inc. (GXO) Q2 2024 Earnings Call Transcript

GXO Logistics (GXO) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.70 per share a year ago.

GXO Logistics (GXO) Q2 Earnings Miss Estimates

GREENWICH, Conn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the second quarter 2024.

GXO Reports Second Quarter 2024 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.

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After leading GXO in France, Marques returns to Spain and Portugal to drive GXO's expansion MADRID, Spain, July 15, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced Rui Marques will return to Spain as Managing Director of GXO Iberia to continue driving the company's expansion in Spain and Portugal. Marques, who previously held this position for more than a decade, returns to GXO Spain and Portugal after leading the company's operations in France. He rejoins Iberia to lead a team of more than 8,500 employees and the largest logistics footprint in Spain, with more than 1.5 million square meters. Marques will lead the development of high-performing teams, sales growth, technology investment and operational excellence. Over the last year, as Managing Director of GXO France, Marques was instrumental in the growth of the business and now returns to Spain and Portugal to drive the expansion of GXO in Iberia, focused on customer satisfaction through innovation, customer growth through the continuing demand for outsourced logistics and expanding GXO's portfolio of value-added services to strengthen GXO's leadership position in e-commerce where it is already the leading company in Iberia. Paul Mohan, Managing Director of GXO in Continental Europe, said, "Rui's deep expertise and experience across the logistics sector in Europe will be invaluable in driving the future growth of GXO in Spain and Portugal. We are pleased to have Rui at the helm of such a terrific business." "I am extremely happy to be back as part of the great team at GXO Iberia. Having fulfilled my objectives in France, I am excited and proud to return to be part of the talented team in Spain and Portugal to continue growing together," said Rui Marques. "Above all, I want to continue to pursue growth formulas and career opportunities for all our team members and continue to be one of the best companies to work for in Spain.” With this appointment, GXO has consolidated its management team in Spain and Portugal, where it had already incorporated in recent months a commercial director, a project manager and two business unit managers, strengthening the management team in view of the company's expansion. About GXO in Spain and Portugal GXO, the leading e-commerce logistics provider in Spain, has had a strong presence in the country for more than a decade and has 50 distribution centers in Spain and Portugal. GXO manages logistics for leading clients in various sectors, such as e-commerce and retail, textiles, food and beverage, automotive and technology. GXO has the largest logistics footprint in Spain, totaling 1.5 million square meters, and operates the largest distribution center in the sector in Europe, a site of almost 200,000 square meters, located in Guadalajara. As of December 31, 2023, the company employed more than 8,500 workers, making it the largest logistics employer in Spain. GXO has been recognized by Forbes as one of the 100 best companies to work for in Spain for five consecutive years. About GXO Logistics

GXO appoints Rui Marques as Managing Director in Spain and Portugal

GREENWICH, Conn., July 10, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) will hold its second quarter 2024 earnings conference call and webcast on Tuesday, August 6, 2024, at 8:30 a.m. Eastern Time. The company's results will be released at 6:30 a.m. on Tuesday, August 6, 2024, and made available at that time on www.investors.gxo.com .

GXO Schedules Second Quarter 2024 Earnings Conference Call for Tuesday, August 6, 2024

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Robots-as-a-Service (RaaS) agreement integrates Agility's Humanoid robots with other cobots at SPANX facility GREENWICH, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, and Agility Robotics, creator of the leading bipedal Mobile Manipulation Robot (MMR) Digit ®, announced today that they have signed a multi-year agreement to begin deploying Digit in GXO's logistics operations.

GXO Signs Industry-First Multi-Year Agreement with Agility Robotics

The UK's leading logistics firm has been nominated for the Employer of the Year Award for the second year running by Ex-Forces in Business

GXO recognized by Ex-Forces in Business for support of British veterans and reservists

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A technology company whose end markets are beginning to recover. A contract logistics company suffering a temporary slowdown on the way to long-term growth.

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Industry-first pilot tested a humanoid robot in an actual warehouse environment Greenwich, Conn., June 17, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has been named the overall winner of Supply & Demand Chain Executive magazine's (SDCE) 2024 Top Supply Chain Projects award for its industry-first pilot of humanoid robotics.

GXO Receives SDCE 2024 Supply Chain Projects Award for Industry-first Humanoid Robotics Pilot

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GXO Logistics is benefiting from continued growth in e-commerce warehousing. Delta is focusing more on the premium travel market and its co-branded credit cards.

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Blue chip companies are increasingly outsourcing their logistics and e-commerce warehousing operations. The company's end markets weakened as the lockdown measures eased, but it's only a matter of time before they pick up again.

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“AA” ESG rating for third consecutive year; Named one of America's Climate Leaders 2024 by USA Today  Greenwich, Conn., June 05, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, today released its 2023 ESG Impact Report.

GXO Releases 2023 ESG Impact Report

GXO Logistics has had a slight pause in growth, but its outlook looks promising. Currently operates with ROIC below WACC, but there will be a significant improvement in returns in the next couple of years. GXO's profitability has been impacted by investments in automations, acquisitions, external factors like higher interest rates.

GXO Logistics: Market Short-Sightedness Creates Buying Opportunity

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PFSweb, now part of GXO, launches new order fulfillment solution for leading luxury jeweler GREENWICH, Conn., May 16, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has launched a new fulfillment operation for Ring Concierge in the U.S. “We're excited to add Ring Concierge as a valued customer in the luxury jewelry market,” said Jorge Guanter, President, Americas and Asia Pacific, GXO.

GXO Welcomes New Jewelry Customer Ring Concierge

PARIS, France, May 14, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, announced the successful deployment of a large-scale robotics solution in Europe for a major global sporting goods retailer. The solution was designed to speed order processing, increase agility to respond to seasonal volume changes and deliver efficiency savings.

GXO Deploys First-of-its-kind Large-scale Robotics Solution in France

Since its creation in 2021, GXO has steadily grown revenue and profits, but the stock has been flat. The company's acquisition of Wincanton should give it another valuable growth opportunity.

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New facility expected to create approximately 700 new jobs over the next 10 years Expansion of GXO's partnership with Conair creates largest single distribution center in the state of Maryland, serving all major markets in the eastern USA GREENWICH, Conn. and Hagerstown, Md.

GXO Opens New Distribution Hub for Conair

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GXO Logistics, Inc. (NYSE:GXO ) 1 2024 Results Conference Call May 8, 2024 8:30 AM ET Company Participants Malcolm Wilson - Chief Executive Officer Baris Oran - Chief Financial Officer Richard Cawston - Chief Revenue Officer Kristine Kubacki - Chief Strategy Officer Conference Call Participants Stephanie Moore - Jefferies Scott Schneeberger - Oppenheimer Jason Seidl - TD Cowen David Zazula - Barclays Ben Moore - Deutsche Bank Bascome Majors - Susquehanna Brian Ossenbeck - JPMorgan Kevin Gainey - Thompson Davis & Company Operator Welcome to the GXO First Quarter 2024 Earnings Conference Call and Webcast. My name is Camilla and I'll be your operator for today's call.

GXO Logistics, Inc. (GXO) Q1 2024 Earnings Call Transcript

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.

News for GXO Logistics Stock (GXO)