Investment Thesis - The analyst recommends a buy rating for GXO (NYSE: GXO) due to expectations of continued growth driven by robust organic business wins and positive macroeconomic indicators [1] - The analyst employs a fundamentals-based approach to value investing, focusing on companies with steady long-term growth, no cyclicality, and a strong balance sheet [1] - The analyst disagrees with the notion that low multiple stocks are inherently cheap, instead seeking companies offering the best long-term durability at affordable prices [1] - The analyst acknowledges that investing in successful companies carries risks, particularly the risk of overpaying, but believes that in some cases, the growth potential is so significant that price becomes less relevant in the short term [1] Analyst's Position - The analyst has no stock, option, or derivative positions in any of the mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article represents the analyst's own opinions and is not influenced by any compensation or business relationships with the mentioned companies [2]

GXO Logistics (GXO) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.28%. A quarter ago, it was expected that this contract logistics provider would post earnings of $0.57 per share when it actually produced earnings of $0.55, delivering a surprise of -3.51%.Over the last four quarte ...

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 2024Sales pipeline increased 30% year over year to $2.4 billion and stands at a two-year highReaffirmed full-year 2024 guidance GREENWICH, Conn., Nov. 04, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the third quarter 2024. Malcolm Wilson, ch ...

Industry leader continues its multi-year plan to significantly expand its operations in Germany, Europe's largest logistics market Customers include prominent industry leaders in aerospace, food & beverage and consumer goods 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 ...

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 across its laundry and homecare segments and will now expand its services to include Henkel's iconic beauty brands. "We ...

A news report suggests GXO Logistics is seeing buyout interest from multiple parties. GXO Logistics (GXO 6.73%) was spun off from XPO (XPO 3.79%) in 2021 with a lot of promise and bright prospects. The company was created as the world's largest independent, pure-play contract logistics company with close to 1,000 warehouses in North America and Europe. Separating from XPO, the argument went, would allow the company to focus on acquisitions that best serve its own goals and use debt and equity compensation t ...

GXO will manage two logistics centers in Vitoria of nearly 20,000 square meters, strengthening its footprint in the North of Spain GXO's use of automation will play a crucial role in optimizing Forum Sport's logistics operations MADRID, Spain, Oct. 01, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced a new strategic partnership with Forum Sport, a leader in the distribution of sports equipment. GXO will handle B2B and B2C order pr ...

Agreement offers exceptional flexibility on a RaaS model GREENWICH, Conn., Sept. 18, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced a new agreement with Reflex Robotics, a cutting-edge general-purpose humanoid startup, to pilot Reflex's robotics solution for deployment into live operations. This is GXO's second Robots-as-a-Service (RaaS) agreement. The Reflex Robot is an out-of-the-box solution that reaches operational cap ...

Thomas Barwick Summary Following my coverage on GXO Logistics (NYSE:GXO) in Feb'24, which I recommended a buy rating as underlying demand trends were moving in the right direction, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for GXO as the outlook has gotten better. Various macro indicators and GXO's organic business wins paint a robust growth outlook for the near term, which gives confidence that the business is on track to meet its FY27 targets. In ...

GXO Logistics slipped on its earnings report. Is it a buying opportunity? GXO Logistics (GXO -1.16%) is the world's largest pure-play contract-logistics company. The company was spun off from XPO in 2021 under the logic that as separate companies, each one could make acquisitions in its own interest and allocate capital in the way that best suited it. GXO has executed on that vision, making three acquisitions in three years and growing organically as well. However, a sluggish economy has presented challenge ...