3 Reasons to Buy GXO Logistics Stock Now [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
The logic for the move was straightforward. XPO had become too complex to be valued appropriately, and then-CEO Brad Jacobs argued that the stock was undervalued due to a conglomerate discount. Spinning off GXO would allow each company to allocate capital, pay employees, and make acquisitions that were in keeping with its strategic goals, and be rewarded by the stock market accordingly. It also formed GXO as the world's largest pure-play contract logistics company, allowing it to pursue acquisitions and consolidate its leadership in a large and fragmented industry. GXO's results have been mixed as the stock essentially trades at its opening price from when the spin-off took place, but the business has made significant strides since then, validating the spin-off. As you can see from the chart below, both revenue and adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) have risen solidly since then. The rationale for the spin-off was on display once
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GXO
News
- Radial Announces Billy Peterson as Senior Vice President of Service Delivery Operations [Yahoo! Finance]Yahoo! Finance
- GXO advances humanoid strategy, announces multi-phase R&D initiative with Apptronik [Yahoo! Finance]Yahoo! Finance
- GXO advances humanoid strategy, announces multi-phase R&D initiative with ApptronikGlobeNewswire
- GXO Logistics, Inc. (GXO): Did this Freight Stock Beat the Market in Q1? [Yahoo! Finance]Yahoo! Finance
- Here's Why GXO Logistics (GXO) Experienced a Setback in Q1 [Yahoo! Finance]Yahoo! Finance
GXO
Earnings
- 5/7/24 - In-Line
GXO
Sec Filings
- 6/13/24 - Form 4
- 5/23/24 - Form 4
- 5/23/24 - Form 4
- GXO's page on the SEC website