GXO Logistics sees ‘more normal' freight market returning [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
“We definitely are feeling that we're out of the trough that we've been in for the last 12 months, and we're getting back to a more normal kind of growth type of metric,” CEO Malcolm Wilson said during a call with analysts Tuesday. “We're definitely building for a much stronger 2025.” Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. It has more than 970 facilities totaling approximately 200 million square feet, with a global workforce of more than 130,000 people. The company reported Monday that quarterly revenue surged 28% year over year to $3.16 billion. 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. GXO saw third-quarter organic revenue growth of 3%, which has accelerated sequentially
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GXO
News
- Q3 Earnings Outperformers: GXO Logistics (NYSE:GXO) And The Rest Of The Air Freight and Logistics Stocks [Yahoo! Finance]Yahoo! Finance
- New Survey Reveals Half of Brits to rely on Black Friday for Festive Gift Purchases [Yahoo! Finance]Yahoo! Finance
- GXO Logistics, Inc. (NYSE: GXO) had its price target raised by analysts at Barclays PLC from $55.00 to $60.00. They now have an "equal weight" rating on the stock.MarketBeat
- Some Investors May Be Willing To Look Past GXO Logistics' (NYSE:GXO) Soft Earnings [Yahoo! Finance]Yahoo! Finance
- 5 ‘Sleeper Stocks' You Might Not Know About — but Could Pay Big in 2025 [Yahoo! Finance]Yahoo! Finance
GXO
Earnings
- 11/4/24 - In-Line
GXO
Sec Filings
- 11/14/24 - Form SC
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- GXO's page on the SEC website