GXO Logistics, Inc. provides supply chain management solutions for multinational companies and blue-chip market leaders worldwide. It serves consumer packaged goods, ecommerce, food and beverage, retail, technology, and consume electronic industries. The company was incorporated in 2021 and is based in Greenwich, Connecticut. GXO Logistics, Inc. operates independently of XPO Logistics, Inc. as of August 2, 2021.
IPO Year: 2021
Exchange: NYSE
Website: gxo.com/
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $60.00 | Buy | Citigroup |
| 6/7/2024 | $58.00 | Overweight | Wells Fargo |
| 4/25/2024 | $78.00 → $80.00 | Buy | TD Cowen |
| 3/27/2024 | $50.00 | Underperform → Neutral | Exane BNP Paribas |
| 2/15/2024 | $70.00 → $78.00 | Outperform | TD Cowen |
| 1/12/2024 | $72.00 → $70.00 | Outperform | TD Cowen |
| 8/22/2023 | $74.00 | Buy | UBS |
| 2/2/2023 | $40.00 | Neutral → Underperform | Exane BNP Paribas |
| 1/9/2023 | $45.00 → $60.00 | Equal-Weight → Overweight | Morgan Stanley |
| 12/1/2022 | $40.00 | Neutral | Exane BNP Paribas |
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
8-K - 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)
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)
GREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NASDAQ:QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply, Inc. (NASDAQ:BECN) to acquire all outstanding shares of Beacon for $124.25 per share in cash. The proposal implies a total transaction value of approximately $11 billion and a 37% premium above Beacon's 90-day unaffected volume-weighted average price of $91.02. "Our all-cash offer provides compelling value. We believe Beacon shareholders have a right to evaluate our proposal, despite the attempt by Beacon's Board of Directors to withhold it from them," said Brad Jacobs, chairman and chief executive officer of QXO.
GXO's shared transport network reduces environmental impact, urban congestion and transportation costs LONDON, U.K., Jan. 15, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, has partnered with The Perfume Shop, the UK's largest specialist fragrance retailer, to provide weekly high street deliveries to more than 200 stores through its shared transport network, helping reduce environmental impact, urban congestion and transportation costs. "We're delighted to be the partner of choice for The Perfume Shop to keep their high street stores across the UK fully stocked," said Richard Ball, Director, Shared Transport Network, GX
Strategic collaboration to enhance product availability and speed up flows and customer deliveries PARIS, France, Dec. 12, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, has announced that it has signed a contract with SAMSE Group, the second-largest French distributor of building materials and tools. This partnership is part of the SAMSE Group's strategy to optimize its supply chain. GXO will manage the Group's omnichannel logistics, from product receiving to shipment. A partnership to support SAMSE Group's ambitions "We are delighted to provide our strategic services to SAMSE, which is outsourcing its logistics for th
Europe partnership extended to 2032 EINDHOVEN, The Netherlands and TREZZO SULL'ADDA, Italy, Dec. 11, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced today that it has extended its agreement with global lifestyle brand Guess in Italy and the Netherlands for nearly a decade. "We're pleased to extend our partnership with Guess in Europe, which will now span more than two decades," said Paul Mohan, Managing Director, Continental Europe, GXO. "Since the start of our partnership in 2011, we've leveraged our expertise to deploy cutting edge solutions that have enhanced capacity, efficiency, safety and sustainability.
GREENWICH, Conn., Dec. 03, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) today announced that Malcolm Wilson, chief executive officer, has informed the board of directors that he plans to retire in 2025. He will continue to lead the company during the executive search process for his successor. Brad Jacobs, chairman of the GXO Board of Directors, said, "Malcolm's countless contributions to GXO and its legacy parent XPO span nearly a decade. Under his leadership, GXO has added more than $3 billion of revenue and received global recognitions each year for innovation and workplace culture. Our incoming CEO will inherit a best-in-class management team and strong industry positioning
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,
4 - GXO Logistics, Inc. (0001852244) (Issuer)
GREENWICH, Conn., Dec. 03, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) today announced that Malcolm Wilson, chief executive officer, has informed the board of directors that he plans to retire in 2025. He will continue to lead the company during the executive search process for his successor. Brad Jacobs, chairman of the GXO Board of Directors, said, "Malcolm's countless contributions to GXO and its legacy parent XPO span nearly a decade. Under his leadership, GXO has added more than $3 billion of revenue and received global recognitions each year for innovation and workplace culture. Our incoming CEO will inherit a best-in-class management team and strong industry positioning
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
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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
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