Core Insights - GXO Logistics has renewed its long-term partnership with Dolce&Gabbana Beauty, focusing on managing a new dedicated warehouse in Calvenzano, Italy, for global distribution and value-added services [1][2] - The partnership emphasizes sustainability, with GXO implementing advanced environmental initiatives in the new warehouse [3][4] - GXO operates over 60 sites in Europe dedicated to the fashion and beauty industry, leveraging technology and expertise to enhance supply chain efficiency [5][6] Group 1: Partnership Details - The renewed agreement includes management of retail and wholesale orders, returns, and value-added services from a 25,000 square meter warehouse [1][2] - GXO's team will provide comprehensive warehouse management services, ensuring high-quality logistics tailored for beauty products [2][4] Group 2: Sustainability Initiatives - GXO's customized solution for the new warehouse features 100% LED lighting, energy-efficient building standards, solar panels, and a green area [3] - The partnership reflects a shared commitment to sustainability and enhancing local supply chains [2][4] Group 3: Industry Positioning - GXO is positioned as the world's largest pure-play contract logistics provider, with over 150,000 employees and more than 1,000 facilities [6] - The company aims to capitalize on the growth of e-commerce and outsourcing, providing advanced logistics solutions to leading brands [6]

Financial Performance Highlights - Total revenue increased by 35.7% to $654.7 million in Q2 2021 compared to Q2 2020[11] - Total NOI increased by 21.0% to $155.3 million in Q2 2021 compared to Q2 2020[11] - Global Warehouse segment revenue increased by 35.3% to $503.7 million in Q2 2021 compared to Q2 2020[11] - Core EBITDA increased 17.7% to $118.3 million in Q2 2021[11] - AFFO was $71.7 million, or $0.28 per diluted common share in Q2 2021[11] Warehouse Segment Performance - Global Warehouse segment NOI increased 20.2% to $144.4 million in Q2 2021[11] - Global Warehouse segment same store revenue increased 2.1% in Q2 2021[11] - Global Warehouse segment same store NOI decreased by 0.8% in Q2 2021[11] - Total warehouse segment revenues were $989.2 million for the six months ended June 30, 2021[84] - Warehouse segment contribution was $290.9 million for the six months ended June 30, 2021[84] Acquisitions and Developments - The company completed the acquisition of KMT Brrr! in New Jersey for $71.1 million on May 5, 2021[11] - The company closed on the acquisition of ColdCo in St Louis, Missouri for $20.5 million on August 2, 2021[14] - The company entered into a purchase agreement to acquire Newark Facility Management in Newark, New Jersey for $376.5 million[14] - The company entered into a purchase agreement to acquire Lago Cold Stores in Brisbane, Australia for A$106.4 million[14]

Financial Performance Highlights - Total revenue increased by 11.5% to $729.8 million in the second quarter of 2022[13] - Total NOI increased by 8.3% to $168.3 million in the second quarter of 2022[13] - Core EBITDA increased by 1.6% to $120.2 million in the second quarter of 2022, or 3.5% on a constant currency basis[13] - Global Warehouse segment revenue increased by 12.0% to $564.4 million in the second quarter of 2022[13] - Global Warehouse segment NOI increased by 4.6% to $151.0 million in the second quarter of 2022[13] - Global Warehouse segment same store revenue increased 5.9%, or 8.1% on a constant currency basis, in the second quarter of 2022[13] - Global Warehouse segment same store NOI increased by 1.6%, or 3.1% on a constant currency basis, in the second quarter of 2022[13] Portfolio and Capital Activities - As of June 30, 2022, the company had total liquidity of approximately $596.9 million[33] - Total debt outstanding was $3.2 billion, with 83% in an unsecured structure[33] - On June 2, the company executed a joint venture agreement contributing its Chilean operations (valued at $37 million) in exchange for a 15% ownership stake in the LATAM JV, recognizing a $4.1 million loss[13] Outlook - The company maintained its 2022 annual AFFO per share guidance to within the range of $1.00 - $1.10[35]

Financial Performance - Q3 2022 - Total revenue increased by 6.9% to $757.8 million compared to the same quarter of the prior year[12, 13] - Total NOI increased by 16.3% to $181.2 million compared to the same quarter of the prior year[12, 14] - Core EBITDA increased by 15.0% to $131.9 million, or 16.9% on a constant currency basis, compared to the same quarter of the prior year[12, 15] - Global Warehouse segment revenue increased by 10.5% to $599.0 million compared to the same quarter of the prior year[12, 20] - Global Warehouse segment NOI increased by 14.9% to $166.7 million compared to the same quarter of the prior year[12, 21] - Global Warehouse segment same store revenue increased 7.1%, or 9.6% on a constant currency basis[12] - Global Warehouse segment same store NOI increased by 12.5%, or 14.4% on a constant currency basis[12] Financial Position - Total liquidity was approximately $700.1 million as of September 30, 2022[35] - Total debt outstanding was $3.2 billion as of September 30, 2022, with 84% in an unsecured structure[35] Portfolio and Operations - The company operated a global network of 249 temperature-controlled warehouses as of September 30, 2022[3, 40] - As of September 30, 2022, 40.9% of rent and storage revenue was generated from fixed commitment storage contracts[32]