GXO Reports First Quarter 2024 Results [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
Sales pipeline at 12-month high of $2.2 billion Completed acquisition of Wincanton on April 29, 2024 GREENWICH, Conn., May 07, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the first quarter 2024. Malcolm Wilson, chief executive officer of GXO, said, “We delivered a strong start to 2024, reflecting our solid execution amid improving industry dynamics. The company grew revenue by 6% to $2.5 billion and delivered positive organic revenue growth, while gaining market share. We look forward to driving continued growth throughout 2024 and are on track to achieve our full-year outlook. “We're seeing strengthening demand from global blue-chip customers to realize operational efficiencies today while planning fulfillment strategies to meet their future needs. We signed approximately $250 million dollars of new business during the quarter, and total new business wins were up 55% year over year. More than half of these new wins came from customers
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GXO
News
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- GXO Welcomes New Jewelry Customer Ring ConciergeGlobeNewswire
- GXO Logistics, Inc. (NYSE: GXO) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $74.00 price target on the stock.MarketBeat
- GXO deploys robotics solution for European sporting goods retailer [Yahoo! Finance]Yahoo! Finance
- GXO Logistics, Inc. (NYSE: GXO) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $70.00 price target on the stock.MarketBeat
GXO
Earnings
- 5/7/24 - In-Line
GXO
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/7/24 - Form 8-K
- GXO's page on the SEC website