4 - GXO Logistics, Inc. (0001852244) (Issuer)

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4 - GXO Logistics, Inc. (0001852244) (Issuer)

4 - GXO Logistics, Inc. (0001852244) (Issuer)

Third quarter revenue increased 28% year over year to a record $3.2 billion, with organic revenue growth of 3%Signed approximately $750 million in annualized revenue year to date; on track to win a record level of new business in 2024Sales pipeline increased 30% year over year to $2.4 billion and stands at a two-year highReaffirmed full-year 2024 guidance GREENWICH, Conn., Nov. 04, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) today announced results for the third quarter 2024. Malcolm Wilson, chief executive officer of GXO, said, "We have increasing momentum in our business. In the third quarter, we delivered our highest-ever quarterly revenue of $3.2 billion, reflecting growt

Survey of Thousands of Consumers in the U.S., UK, France and Germany Reveals Significant Evolution of Consumer Priorities GREENWICH, Conn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today released a comprehensive report on key trends shaping the fast-growing global beauty industry, which is expected to double in revenue to $758 billion over the next decade. In a rapidly evolving consumer landscape, GXO's research analyzed current consumer behavior in the beauty industry and the forces driving it. The report, "Beauty Industry Insights 2024: A Consumer Spending Pulse Check," highlights a sig

Industry leader continues its multi-year plan to significantly expand its operations in Germany, Europe's largest logistics marketCustomers include prominent industry leaders in aerospace, food & beverage and consumer goods DORMAGEN, Germany, Oct. 30, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced its state-of-the-art 36,000 square meter multi-tenant warehouse in Dormagen near Düsseldorf is completely at full capacity an important milestone in the US company's growth strategy in Germany. "We see a long runway for growth in the German contract logistics market where demand for increased supply ch

GXO recognized for outstanding service and dependability to the world's blue-chip and leading brands GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced that it has been named one of "America's Most Reliable Companies" for 2025 by Newsweek magazine on its inaugural list recognizing U.S.-based companies that deliver outstanding service and dependability. GXO is the highest-ranked contract logistics provider on the 2025 list. "This recognition by Newsweek reaffirms our global leadership position as the go-to logistics solutions provider for brands that want to transform their

GXO has distributed almost 4 million makeup and skincare products to Beauty Pie customers across the UK LONDON, U.K. , Oct. 23, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, celebrated its first year providing order fulfillment services for Beauty Pie, a luxury cosmetics retailer, following its acquisition of PFSweb (PFS). In Q3 2023, Beauty Pie partnered with GXO to provide order fulfillment, carrier and business management, and value-added services, including gift card messaging and personalization for luxury goods consumers. Since then, GXO has distributed more than 970,000 Beauty Pie orders across the UK,

PARIS, France, Oct. 17, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced that it has extended and expanded its partnership in France with Henkel, a multinational chemical and consumer packaged goods company. GXO manages storage, distribution, seasonal returns and value added-services for an array of Henkel brands across its laundry and homecare segments and will now expand its services to include Henkel's iconic beauty brands.  "We are delighted to extend our partnership with Henkel in France," said Vincent Ricci, Managing Director, France, GXO. "Our unrivaled logistics experience and expertise will continue

GXO to become Matalan's strategic transport partner, responsible for over 550 weekly deliveries to over 200 Matalan stores across the UK&I New partnership will help to optimise Matalan's transport network, supporting its supply chain efficiency and commitment to deliver for customers LONDON, U.K., Oct. 16, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure play contract logistics provider and one of the U.K. and Ireland's leading logistics and transportation partners, today announced a new transport delivery agreement with Matalan, the leading fashion and homeware value retailer, to run its transport delivery operations in the UK and Ireland.

GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) will hold its third quarter 2024 earnings conference call and webcast on Tuesday, November 5, 2024, at 8:30 a.m. Eastern Time. The company's results will be released after market close on Monday, November 4, 2024, and made available at that time on www.investors.gxo.com. Access information: Call toll-free from U.S./Canada: 877-407-8029 International callers: +1 201-689-8029Conference ID: 13749227Live webcast: investors.gxo.com A replay of the conference call will be available for approximately two weeks, until November 19, 2024, by calling toll-free (from U.S./Canada) 877-660-6853; internation

GXO will manage two logistics centers in Vitoria of nearly 20,000 square meters, strengthening its footprint in the North of Spain GXO's use of automation will play a crucial role in optimizing Forum Sport's logistics operations MADRID, Spain, Oct. 01, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced a new strategic partnership with Forum Sport, a leader in the distribution of sports equipment. GXO will handle B2B and B2C order preparation and distribution, returns and other value-added activities from two warehouses located in Vitoria and Basauri, North of Spain. GXO's advanced technology will play a

Agreement offers exceptional flexibility on a RaaS model GREENWICH, Conn., Sept. 18, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced a new agreement with Reflex Robotics, a cutting-edge general-purpose humanoid startup, to pilot Reflex's robotics solution for deployment into live operations. This is GXO's second Robots-as-a-Service (RaaS) agreement. The Reflex Robot is an out-of-the-box solution that reaches operational capability within 60 minutes of deployment and ramps to become fully autonomous by learning from human demonstrations over time. The multi-purpose humanoid from Reflex can tra

Third quarter revenue increased 28% year over year to a record $3.2 billion, with organic revenue growth of 3%Signed approximately $750 million in annualized revenue year to date; on track to win a record level of new business in 2024Sales pipeline increased 30% year over year to $2.4 billion and stands at a two-year highReaffirmed full-year 2024 guidance GREENWICH, Conn., Nov. 04, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) today announced results for the third quarter 2024. Malcolm Wilson, chief executive officer of GXO, said, "We have increasing momentum in our business. In the third quarter, we delivered our highest-ever quarterly revenue of $3.2 billion, reflecting growt

GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) will hold its third quarter 2024 earnings conference call and webcast on Tuesday, November 5, 2024, at 8:30 a.m. Eastern Time. The company's results will be released after market close on Monday, November 4, 2024, and made available at that time on www.investors.gxo.com. Access information: Call toll-free from U.S./Canada: 877-407-8029 International callers: +1 201-689-8029Conference ID: 13749227Live webcast: investors.gxo.com A replay of the conference call will be available for approximately two weeks, until November 19, 2024, by calling toll-free (from U.S./Canada) 877-660-6853; internation

Second quarter revenue increased 19% year over year to a record $2.8 billion, with organic revenue growth of 2%Signed new business wins of approximately $270 million in annualized revenue during 2Q 2024Sales pipeline increased to new twelve-month high of $2.3 billionCompleted Wincanton acquisition GREENWICH, Conn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) today announced results for the second quarter 2024. Malcolm Wilson, chief executive officer of GXO, said, "In the second quarter, GXO delivered record revenue of $2.8 billion, reflecting growth of 19% year over year, along with sequential improvement in organic revenue growth and strong free cash flow.

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. Access information: Call toll-free from U.S./Canada: 877-407-8029 International callers: +1 201-689-8029 Conference ID: 13747664 Live webcast: investors.gxo.com A replay of the conference call will be available for approximately two weeks, until August 20, 2024, by calling toll-free (from U.S./Canada) 877-660-6853; international calle

First quarter revenue of $2.5 billion, up 6% year over year; organic revenue growth1 of 1%Signed new business wins of approximately $250 million in annualized revenue in 1Q 2024; up 55% year over yearSales pipeline at 12-month high of $2.2 billionCompleted 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. Malcolm Wilson, chief executive officer of GXO, said, "We delivered a strong start to 2024, reflecting our solid execution amid improving industry dynamics. The company grew revenue by 6% to $2.5 billion and delivered positive organic revenue growth, while gaini

GREENWICH, Conn., April 24, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced selected preliminary financial results for the quarter ended March 31, 2024. The company also reiterated its outlook for the full year 2024 on a standalone basis, updated the full-year 2024 guidance to include the expected impact of the Wincanton acquisition and revised its 2027 financial targets in advance of its first quarter 2024 earnings announcement and conference call. Malcolm Wilson, Chief Executive Officer of GXO, said, "Our solid preliminary first quarter results reflect the improving trend we

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. Access information: Call toll-free from U.S./Canada: 877-407-8029International callers: +1 201-689-8029Conference ID: 13745710Live webcast: investors.gxo.com A replay of the conference call will be available for approximately two weeks, until May 22, 2024, by calling toll-free (from U.S./Canada) 877-660-6853; international callers d

Highlights Fourth quarter revenue of $2.6 billion; net income attributable to GXO of $73 million; adjusted EBITDA1 of $193 million; diluted EPS of $0.61 and adjusted diluted EPS1 of $0.70Full year revenue of $9.8 billion; net income attributable to GXO of $229 million; adjusted EBITDA1 of $741 million; diluted EPS of $1.92 and adjusted diluted EPS1 of $2.59Full 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 EBITDA1Announced 2024 guidance2: Organic revenue growth1 of 2%-5%Adjusted EBITDA1 of $760-$790 millionAdjusted diluted earnings per share1 of $2.70-$2.90Free cash fl

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. Access information: Call toll-free from U.S./Canada: 877-407-8029International callers: +1 201-689-8029Conference ID: 13743710Live webcast: investors.gxo.com A replay of the conference call will be available for approximately two weeks, until February 28, 2024, by calling toll-free (from U.S./Canada) 877-660-6853; internati

Highlights Third quarter revenue grew 8% year over year to $2.5 billion, and organic revenue1 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 EBITDA1 grew to $200 millionCash flow from operations of $243 million in 3Q 2023 compared to $116 million in 3Q 2022; 3Q 2023 free cash flow1 of $191 million compared to $47 million in 3Q 2022Updated full-year 2023 guidance2: Adjusted diluted earnings per share1 upgraded from $2.45-$2.65 to $2.55-$2.65Adjusted EBITDA1 upgraded from $725-$755 million to $730-$755 millionOrganic revenue growth1 revised from 6-8% to 2-4%Free cash flow conversion1

10-Q - GXO Logistics, Inc. (0001852244) (Filer)

8-K - GXO Logistics, Inc. (0001852244) (Filer)

8-K - GXO Logistics, Inc. (0001852244) (Filer)

8-K - GXO Logistics, Inc. (0001852244) (Filer)

S-3ASR - GXO Logistics, Inc. (0001852244) (Filer)

10-Q - GXO Logistics, Inc. (0001852244) (Filer)

8-K - GXO Logistics, Inc. (0001852244) (Filer)

8-K - GXO Logistics, Inc. (0001852244) (Filer)

8-K - GXO Logistics, Inc. (0001852244) (Filer)

10-Q - GXO Logistics, Inc. (0001852244) (Filer)

PARIS, France, Sept. 10, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced Emmanuel Bonnet as the company's new Vice President of Business Development in France. "We are delighted to welcome Emmanuel Bonnet to the team in France," said Vincent Ricci, Managing Director, GXO, France. "His commercial expertise will be instrumental in furthering our growth ambitions in France by winning partnerships with new and existing customers." In his role, Bonnet will lead the sales strategy in France. He will be responsible for defining and leading business development and key account management strategies in coordinati

GREENWICH, Conn., Sept. 09, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) CEO Malcolm Wilson will join a fireside chat at the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12th, beginning at 8:10 a.m. PDT. About GXO Logistics GXO Logistics, Inc. (NYSE: GXO) is the world's largest pure-play contract logistics provider and is capitalizing on the rapid growth of ecommerce and automation. GXO is committed to providing a world-class, diverse workplace for more than 130,000 team members in more than 970 facilities totaling approximately 200 million square feet. The company partners with the world's leading blue-chip companies to solve complex logist

After leading GXO in France, Marques returns to Spain and Portugal to drive GXO's expansionMADRID, 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 lea

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. "We are extremely pleased to welcome Corinna to GXO," said GXO CEO Malcolm Wilson. "Corinna has extensive experience across all facets of Human Resources in large-scale global organizat

GREENWICH, Conn., March 21, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced the appointment of Kristine Kubacki as Chief Strategy Officer, effective April 1. Kubacki will be responsible for identifying and evaluating growth and market expansion opportunities, helping set long-term strategy, advising on capital structure and capital allocation, and developing and articulating GXO's corporate strategy for delivering outstanding value and performance to shareholders and the investment community. The role will report to CFO Baris Oran. Kubacki has two decades of experience in Investor Relations and as a sell

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. The CTO, reporting to CEO Malcolm Wilson, has responsibility for GXO's global technology function, working with the company's innovation leaders to make cutting-edge technology an integral part of GXO's future growth. "This new global technology role realizes our commitme

GREENWICH, Conn., and LONDON, U.K., Jan. 11, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced two new leadership appointments. Richard Cawston, President of Europe, has expanded his current responsibilities to assume the newly-created role of Chief Revenue Officer (CRO). GXO is also strengthening its Sales organization in the Americas and Asia Pacific with the addition of Eric Spadafora who joins GXO as head of sales for the region. The Chief Revenue Officer, reporting to CEO Malcolm Wilson, has global responsibility for sales strategy, including prioritizing the most attractive customer segments, vertica

GREENWICH, Conn., Dec. 18, 2023 (GLOBE NEWSWIRE) --  GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced today that Jorge Guanter has been appointed President of its Americas and Asia Pacific (AMAPAC) business, succeeding Eduardo Pelleissone who will depart GXO in March 2024. The role, reporting to CEO Malcolm Wilson, has responsibility for managing operations in 12 countries, with a priority focus on North America. "Jorge brings a unique breadth of management and operations expertise having led our Industrials division in North America as well as our operations in Asia, Latin America and Mexico," said Malcolm Wilson, Chief Executive Office

EINDHOVEN, The Netherlands, Sept. 28, 2023 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced today that it has hired European contract logistics veteran Willem Veekens as Managing Director for its operations in Belgium and the Netherlands. "We are delighted to welcome Willem Veekens to our European team," said Paul Mohan, Managing Director, Continental Europe for GXO. "Willem brings more than two decades of experience in the European contract logistics industry to this role, and his expertise in customer service, operations, sales and people engagement will be instrumental in continuing GXO's exceptional growth in Be

LONDON, U.K., Sept. 19, 2023 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced today that, together with Datasparq, it has successfully deployed artificial intelligence solutions that have helped to boost efficiency, generate cost savings and reduce environmental impact through transport route optimisation. "Customers choose GXO not only for our world-class logistics expertise, warehousing and transportation fleet, but also for the market-leading innovative technology we deploy across our network," said Gavin Williams, GXO Managing Director, U.K. & Ireland. "We continue to invest in unparalleled technology solutions

Citigroup initiated coverage of GXO Logistics with a rating of Buy and set a new price target of $60.00

Wells Fargo initiated coverage of GXO Logistics with a rating of Overweight and set a new price target of $58.00

TD Cowen reiterated coverage of GXO Logistics with a rating of Buy and set a new price target of $80.00 from $78.00 previously

Exane BNP Paribas upgraded GXO Logistics from Underperform to Neutral and set a new price target of $50.00

TD Cowen reiterated coverage of GXO Logistics with a rating of Outperform and set a new price target of $78.00 from $70.00 previously

TD Cowen reiterated coverage of GXO Logistics with a rating of Outperform and set a new price target of $70.00 from $72.00 previously

UBS initiated coverage of GXO Logistics with a rating of Buy and set a new price target of $74.00

Exane BNP Paribas downgraded GXO Logistics from Neutral to Underperform and set a new price target of $40.00

Morgan Stanley upgraded GXO Logistics from Equal-Weight to Overweight and set a new price target of $60.00 from $45.00 previously

Exane BNP Paribas initiated coverage of GXO Logistics with a rating of Neutral and set a new price target of $40.00

Analysts' ratings for GXO Logistics (NYSE:GXO) over the last quarter vary from bullish to bearish, as provided by 7 analysts. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 2 0 0 0 3M Ago 3 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $71.57, with a high estimate of $82.00 and a low estimate of $58.00. Experiencing a 2.96% decline, the current average is

JP Morgan analyst Brian Ossenbeck maintains GXO Logistics (NYSE:GXO) with a Overweight and raises the price target from $61 to $63.

https://www.reuters.com/business/italy-seizes-84-million-euros-gxo-logistics-over-alleged-tax-fraud-2024-07-02/#:~:text=ROME%2C%20July%202%20(Reuters),prosecution%20documents%20showed%20on%20Tuesday.Italy's tax police have seized almost 84 million euros ($90 million) from GXO Logistics' (GXO.N), opens new tab Italian unit following an investigation into alleged tax fraud, prosecution documents showed on Tuesday.In a 154-page decree, the Milan Prosecutors' Office accused the U.S. logistics giant of circumventing labour and tax laws, relying on cooperatives or limited liability companies that supplied workers while omitting tax and social security payments.A GXO spokesperson confirmed the comp

Robots-as-a-Service (RaaS) agreement integrates Agility's Humanoid robots with other cobots at SPANX facility

In the latest quarter, 8 analysts provided ratings for GXO Logistics (NYSE:GXO), showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 2 1 0 0 0 2M Ago 2 1 0 0 0 3M Ago 0 0 1 0 0 Analysts have set 12-month price targets for GXO Logistics, revealing an average target of $69.12, a high estimate of $82.00, and a low estimate of $50.00. Experiencing a 8.15% decline, the current average is now lower t

Wells Fargo analyst Christian Wetherbee initiates coverage on GXO Logistics (NYSE:GXO) with a Overweight rating and announces Price Target of $58.

Morgan Stanley analyst Ravi Shanker reinstates GXO Logistics (NYSE:GXO) with a Overweight and announces $70 price target.