GXO Stock Recent News

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.

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

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.

GXO Logistics provides contract logistics services, including warehousing, distribution, and supply chain solutions. The company has seen revenue growth and received recognition from Boeing for its aerospace logistics services. GXO has identified several growth drivers, including increased demand in end markets, outsourcing, and e-commerce.

GXO Logistics Inc (NYSE:GXO) (GXO) has built a strong track record over the past four years with revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) compound annual growth rates of 10.3% and 13.9%, respectively, according to UBS analysts.   In a note to clients, they initiated coverage on shares of the second largest third party warehouse logistics services provider with a ‘Buy' rating and a 12-month target price of $74, citing expectations of multi-year revenue and EBITDA growth in the high single digit range.