GXO Logistics posts record quarterly revenue of $3.16B [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
Adjusted third-quarter earnings per share was 79 cents, compared with 69 cents for the third quarter in 2023. The results exceeded Wall Street expectations for the quarter, which had estimated revenue of $3.03 billion and adjusted EPS at 78 cents per share. For full-year 2024, GXO's guidance expects organic revenue growth of 2% to 5%; adjusted EPS of $2.73 to $2.93; and adjusted earnings before interest, taxes, depreciation and amortization of $805 million to $835 million. Net income in the third quarter declined 48% year over year to $35 million. Adjusted EBITDA was $223 million, compared with $200 million for the third quarter of 2023. The Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. GXO has more than 970 facilities totaling approximately 200 million square feet, with a global workforce of more than 130,000 people. The company signed $226 million in new business in the third quarter, brin
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GXO
News
- 5 ‘Sleeper Stocks' You Might Not Know About — but Could Pay Big in 2025 [Yahoo! Finance]Yahoo! Finance
- GXO Logistics, Inc. (NYSE: GXO) had its price target raised by analysts at UBS Group AG from $66.00 to $72.00. They now have a "buy" rating on the stock.MarketBeat
- GXO Logistics, Inc. (NYSE: GXO) had its price target raised by analysts at TD Cowen from $82.00 to $83.00. They now have a "buy" rating on the stock.MarketBeat
- GXO Logistics Inc (GXO) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth ... [Yahoo! Finance]Yahoo! Finance
- GXO Logistics sees ‘more normal' freight market returning [Yahoo! Finance]Yahoo! Finance
GXO
Earnings
- 11/4/24 - In-Line
GXO
Sec Filings
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- 11/4/24 - Form 8-K
- GXO's page on the SEC website