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.

PFSweb, now part of GXO, expands ecommerce and retail order fulfillment services for health and beauty leader from U.K. to U.S. PFSweb, now part of GXO, expands ecommerce and retail order fulfillment services for health and beauty leader from U.K. to U.S.

GXO Welcomes New Customer Glossier

The company's second consecutive Il Logistico dell'Anno is in the Corporate Social Responsibility category The company's second consecutive Il Logistico dell'Anno is in the Corporate Social Responsibility category

GXO Honored as “Logistics Operator of the Year” in Italy

GXO Logistics reported $2.47 billion in revenue for Q3 2023, an 8% increase from the previous year. Despite slower organic growth, GXO delivered strong operating margin and profitability, with operating income rising by 25%. GXO's strategic focus on automation and AI is expected to drive margin expansion and boost its long-term financial goals.

GXO Logistics: Automation Drive For Margin Expansion

Company's commitment to ESG and reputation for corporate responsibility among criteria supporting its selection Company's commitment to ESG and reputation for corporate responsibility among criteria supporting its selection

GXO Named One of America's ‘Most Responsible' Companies for Second Consecutive Year by Newsweek Magazine

GXO helping to shape development of Agility Robotics' ‘Digit' robot in tests at the SPANX facility outside Atlanta Designed to pick goods, the robot will increase safety while freeing employees to perform more value-added work GREENWICH, Conn., Dec. 06, 2023 (GLOBE NEWSWIRE) --   GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it is conducting a proof-of-concept pilot for Agility Robotics' human-centric robot “Digit.

GXO Conducting Industry-Leading Pilot of Human-Centric Robot

GXO to distribute beer, wines, spirits and minerals for brewer Shepherd Neame GXO to distribute beer, wines, spirits and minerals for brewer Shepherd Neame

GXO enters new partnership with Shepherd Neame, Britain's oldest brewer

Highly automated site in France taking over returns for Amer Sports, a GXO partner for nearly a decade Highly automated site in France taking over returns for Amer Sports, a GXO partner for nearly a decade

GXO Adds Returns to Extended Agreement with Amer Sports

GXO Logistics, Inc. Q3 financial results showed modest revenue growth and limited translation to the bottom line due to softness in the consumer-related business. Positive factors include improved cash flow performance, contract wins for future revenue growth, and ongoing M&A activity. GXO Logistics guides for weaker organic growth but maintains strong adjusted EBITDA and cash flow conversion, indicating resilience in the face of macroeconomic challenges.

GXO Logistics Stock Remains A Buy On Market Opportunity (Rating Downgrade)

Companies celebrate 15th anniversary of working together to optimize logistics for global leader in health and beauty industry Companies celebrate 15th anniversary of working together to optimize logistics for global leader in health and beauty industry

GXO Extends Partnership with Avon

Industry leader continues its multi-year plan to significantly expand its operations in Germany, Europe's largest logistics market GXO ServiceTech, which specializes in consumer electronics repairs, upgrades and returns, now operates in a new state-of-the-art warehouse near Düsseldorf DORMAGEN, Germany, Nov. 14, 2023 (GLOBE NEWSWIRE) --   GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it is introducing GXO ServiceTech, its industry-leading consumer electronics repair and returns service offering, in a new state-of-the-art 30,000-square-meter shared-user warehouse in Dormagen, near Düsseldorf. “Our expertise in B2B returns and B2C services will be a gamechanger for retailers and manufacturers in the German market,” said Richard Costello, Managing Director, GXO ServiceTech.

GXO Expands GXO ServiceTech in Germany

The appointment of a chief automation officer should accelerate the company's competitive advantage in technology. About 30% of GXO's revenue comes from automation.

GXO Logistics Is Strengthening Its Competitive Advantage. Time to Buy?

GXO Logistics, Inc. (NYSE:GXO ) Q3 2023 Results Conference Call November 8, 2023 8:30 AM ET Company Participants Malcolm Wilson - Chief Executive Officer Baris Oran - Chief Financial Officer Adrian Stoch - Chief Automation Officer Conference Call Participants Stephanie Moore - Jefferies Chris Wetherbee - Citigroup Scott Schneeberger - Oppenheimer & Company Christyne McGarvey - Morgan Stanley Brian Ossenbeck - JPMorgan Amit Mehrotra - Deutsche Bank Jason Seidl - TD Cowen Operator Welcome to the GXO Third Quarter 2023 Earnings Conference Call and Webcast. My name is Darryl, and I'll be your operator for today's call.

GXO Logistics, Inc. (GXO) Q3 2023 Earnings Call Transcript

Highlights Third quarter revenue grew 8% year over year to $2.5 billion , and organic revenue 1 grew 3% Net income attributable to GXO grew to $66 million ; operating income increased by 25% ; operating margins improved by 49 basis points; and adjusted EBITDA 1 grew to $200 million Cash flow from operations of $243 million in 3Q 2023 compared to $116 million in 3Q 2022; 3Q 2023 free cash flow 1 of $191 million compared to $47 million in 3Q 2022 Updated full-year 2023 guidance 2 : Adjusted diluted earnings per share 1 upgraded from $2.45-$2.65 to $2.55-$2.65 Adjusted EBITDA 1 upgraded from $725-$755 million to $730-$755 million Organic revenue growth 1 revised from 6-8% to 2-4% Free cash flow conversion 1 of approximately 30% of adjusted EBITDA reiterated Business Highlights Signed new business wins of $841 million year to date; $181 million of new business wins in 3Q 2023, almost half of which came from companies outsourcing their operations Secured incremental 2024 revenue from new business wins of $520 million, and incremental 2025 revenue of $187 million, through 3Q 2023 Sales pipeline remains at approximately $2 billion Closed the acquisition of PFSweb on October 23, 2023 GREENWICH, Conn., Nov. 07, 2023 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the third quarter 2023.

GXO Reports Third Quarter 2023 Results

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GXO Logistics (GXO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy GXO Logistics (GXO) Ahead of Earnings?

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Transportation stocks like ASC, DHT and GXO have the potential to deliver better-than-expected Q3 earnings.

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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: What to Know Ahead of Q3 Release

New state-of-the-art facility in Northwest Germany to house fulfilment operations for the customer's D2C orders New state-of-the-art facility in Northwest Germany to house fulfilment operations for the customer's D2C orders

GXO strengthens logistics for The Quality Group

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.

Will GXO Logistics (GXO) Beat Estimates Again in Its Next Earnings Report?

GREENWICH, Conn., Oct. 23, 2023 (GLOBE NEWSWIRE) --  GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced the successful completion of its acquisition of U.S.-based PFSweb, Inc., a premier, tech-enabled eCommerce order fulfillment platform.

GXO Completes Acquisition of PFSweb

Over 130 million cases of chilled and fresh products distributed each year Over 130 million cases of chilled and fresh products distributed each year

GXO Extends Agreement with Waitrose & Partners

Iconic American outdoor brand chooses GXO to manage its U.S. logistics Iconic American outdoor brand chooses GXO to manage its U.S. logistics

GXO Brings Automation Expertise to Eddie Bauer

GXO operates multiple warehouses for the online fashion destination and is a strategic partner for ASOS across Europe GXO operates multiple warehouses for the online fashion destination and is a strategic partner for ASOS across Europe

GXO and ASOS Celebrate 10th Anniversary of Successful Partnership

Advanced automation at the 60,000 square-meter GXO facility helps zooplus efficiently receive and process thousands of pet products for customers across Europe Advanced automation at the 60,000 square-meter GXO facility helps zooplus efficiently receive and process thousands of pet products for customers across Europe

zooplus and GXO Open Innovative Logistics Centre to Increase Value Proposition for Pet Parents in Central and Western Europe

GREENWICH, Conn., Oct. 05, 2023 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) will hold its third quarter conference call and webcast on Wednesday, November 8, 2023, at 8:30 a.m. Eastern Time. The company's results will be released after market close on Tuesday, November 7, 2023, and made available at that time on investors.gxo.com.

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