GXO Logistics Inc Stock News

I maintain a buy rating for GXO due to solid growth prospects, driven by new business wins and improving business confidence. GXO's Q3 revenue grew 27.8% y/y, with organic growth accelerating for the third consecutive quarter, signaling a strong FY25 outlook. The sales pipeline increased 30% y/y to $2.4 billion, with significant new business wins, particularly in eCommerce fulfillment.

GXO Logistics, Inc. (NYSE:GXO ) Q3 2024 Earnings Conference Call November 5, 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 Joe Hafling - Jefferies Scott Schneeberger - Oppenheimer Chris Wetherbee - Wells Fargo Ravi Shanker - Morgan Stanley Brian Ossenbeck -...

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 2024 Sales pipeline increased 30% year over year to $2.4 billion and stands at a two-year high Reaffirmed full-year 2024 guidance GREENWICH, Conn., Nov. 04, 2024 (GL...

Britain's competition watchdog said on Friday the acquisition of Wincanton by U.S.-based warehousing firm GXO Logistics , for 762 million pounds ($983.97 million), could reduce competition and raise prices for customers.

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.

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). ...

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 acro...

GXO to become Matalan's strategic transport partner, responsible for over 550 weekly deliveries to over 200 Matalan stores across the UK&I