Company Performance - GXO Logistics reported quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share, and down from $0.70 per share a year ago, representing an earnings surprise of -3.51% [1] - The company posted revenues of $2.85 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.82%, compared to year-ago revenues of $2.39 billion [2] - Over the last four quarters, GXO Logistics has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - GXO Logistics shares have lost about 19.3% since the beginning of the year, while the S&P 500 has gained 8.7% [3] - The current status of estimate revisions for GXO Logistics is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.80 on $3 billion in revenues, and $2.78 on $11.36 billion in revenues for the current fiscal year [7] - The outlook for the Transportation - Air Freight and Cargo industry, where GXO operates, is currently in the bottom 5% of Zacks industries, which may impact stock performance [8]

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 2024 Sales pipeline increased to new twelve-month high of $2.3 billion Completed 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 quar ...

After leading GXO in France, Marques returns to Spain and Portugal to drive GXO's expansion MADRID, 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 ...

MADRID, 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. Paul Mohan, Managing Director of GXO in Continental Europe, said, "Rui's deep expertise and experience across the logistics sector in Europe will be invaluable in driving the future growth of GXO in Spain and Portugal. W ...

Company Overview - GXO Logistics, Inc. is the world's largest pure-play contract logistics provider, benefiting from the rapid growth of ecommerce, automation, and outsourcing [2] - The company operates over 970 facilities totaling approximately 200 million square feet and employs more than 130,000 team members [2] - GXO partners with leading blue-chip companies to address complex logistics challenges using technologically advanced supply chain and ecommerce solutions [2] Upcoming Earnings Conference - GXO Logistics will hold its second quarter 2024 earnings conference call and webcast on August 6, 2024, at 8:30 a.m. Eastern Time [1] - The earnings results will be released at 6:30 a.m. on the same day and will be available on the company's investor website [1] - Access to the conference call is available via toll-free numbers for U.S./Canada and international callers, with a specific conference ID provided [1]

Robots-as-a-Service (RaaS) agreement integrates Agility's Humanoid robots with other cobots at SPANX facility GREENWICH, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, and Agility Robotics, creator of the leading bipedal Mobile Manipulation Robot (MMR) Digit®, announced today that they have signed a multi-year agreement to begin deploying Digit in GXO's logistics operations. This agreement, which follows a proof-of-concept ...

GREENWICH, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, and Agility Robotics, creator of the leading bipedal Mobile Manipulation Robot (MMR) Digit®, announced today that they have signed a multi-year agreement to begin deploying Digit in GXO's logistics operations. This agreement, which follows a proof-of-concept pilot in late 2023, is both the industry's first formal commercial deployment of humanoid robots and first Ro ...

The UK's leading logistics firm has been nominated for the Employer of the Year Award for the second year running by Ex-Forces in Business GXO ranked among the Top 50 Employers of Veterans in 2024 GXO in the UK&I has been nominated by Ex-Forces in Business as Employer of the Year for the second year running, for its commitment to supporting colleagues who are part of the armed forces community. In 2024, GXO UK&I ranked 33rd in the top 50 Employers of Veterans in the UK identified by the Ex-Forces in Busines ...

In just over two years, GXO has been awarded both a bronze and silver covenant by the UK's Defence Employer Recognition Scheme for its proactive approach to supporting military veterans and reservists. The business has the ambition to go one step further and is striving to become a Gold Covenant employer. Colin Martin, a QHSE Manager at GXO, is also nominated for reservist of the year About GXO Logistics The UK's leading logistics firm has been nominated for the Employer of the Year Award for the second yea ...

Partnership to play a critical role in developing practical applications of the Apollo humanoid in a warehouse environment GREENWICH, Conn., June 20, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced it is conducting an early-stage proof-of-concept program in partnership with robot manufacturer Apptronik. This collaboration marks another milestone in GXO's strategy to advance humanoid innovation by partnering with developers to help ...