GXO Stock Recent News

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 .

The Zacks Industry Rank for the Transportation-Air Freight and Cargo industry paints a poor picture. Braving the headwinds, UPS and GXO are worth being on investors' radar.

GXO Logistics: Underlying Trends Are Painting A Positive Outlook

Wincanton PLC (LSE:WIN, OTC:WNCNF) has confirmed US logistics group GXO as an interested party in a heated bidding war with the London-listed company. Shares Wincanton continued to surge higher on Monday as news of a second potential buyer for the logistics company emerged.

Wincanton plc (LON: WIN) is up 11% on Monday following a report that GXO Logistics Inc (NYSE: GXO) is interested in taking over the company based out of Chippenham, United Kingdom. Wincanton also receives raised offer from CMA What GXO is willing to pay for Wincanton remains unknown.

GXO Logistics (GXO) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.83 per share a year ago.

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.

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.

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, 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.