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GXO to become Matalan's strategic transport partner, responsible for over 550 weekly deliveries to over 200 Matalan stores across the UK&I
A news report suggests GXO Logistics is seeing buyout interest from multiple parties.
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 .
GXO will manage two logistics centers in Vitoria of nearly 20,000 square meters, strengthening its footprint in the North of Spain
GXO's stock recently declined as a result of Q2-24 earnings, I view this as an opportunity to buy a high quality business ata great price. GXO is the global leader in logistics contracting serving 1,200 customers located in 27 countries and 30% of fortune 100% companies. GXO has an asset light business model, predictable cash flow generation, and is riding multiyear tailwinds.
GXO has been supporting Affinity Petcare in France for two decades PARIS, France, Aug. 22, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced a long-term contract renewal with animal nutrition leader Affinity Petcare. “We thank Affinity Petcare for the trust they continue to place in GXO,” said Vincent Ricci, Managing Director, France, GXO.
GXO Logistics' 2Q24 performance showed strong revenue growth and organic growth acceleration, leading to a positive outlook for the company. Macro indicators such as improving retail sales and inventory levels support GXO's growth trajectory and confidence in meeting FY27 targets. Management's reaffirmation of guidance and focus on automation (positive for long-term margin expansion) further solidify the buy rating for GXO.
GXO Logistics fell to near a 52-week low after its recent earnings report. Organic revenue growth slipped to 2% as the macro economy remains sluggish.
GXO Logistics, Inc. (NYSE:GXO ) Q2 2024 Results Conference Call August 6, 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 Stephanie Moore - Jefferies Scott Schneeberger - Oppenheimer Chris Wetherbee - Wells Fargo Brian Ossenbeck - JPMorgan Ravi Shanker - Morgan Stanley Jason Seidl - TD Cowen David Zazula - Barclays Kevin Gainey - Thompson, Davis & Company Operator Hello, and welcome to the GXO Second Quarter 2024 Earnings Conference Call and Webcast. My name is Dana, and I will be your operator for today's call.