Almost everyone knows that automation is going to be a very big trend over the coming decades. The AI revolution is just getting started. But it’s clear this transition toward an AI-driven future has begun in a much different way than many thought. People expected blue-collar jobs to be replaced first by AI, and almost everyone thought that white-collar jobs were not going to be disrupted in decades to come.Of course, reality has struck, as AI can help do a lot of white-collar jobs these days. That said, it ...

PFSweb, now part of GXO, launches new order fulfillment solution for leading luxury jeweler GREENWICH, Conn., May 16, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has launched a new fulfillment operation for Ring Concierge in the U.S. "We're excited to add Ring Concierge as a valued customer in the luxury jewelry market," said Jorge Guanter, President, Americas and Asia Pacific, GXO. "PFS brought extensive experi ...

PFSweb, now part of GXO, launches new order fulfillment solution for leading luxury jeweler GREENWICH, Conn., May 16, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has launched a new fulfillment operation for Ring Concierge in the U.S. "We're excited to add Ring Concierge as a valued customer in the luxury jewelry market," said Jorge Guanter, President, Americas and Asia Pacific, GXO. "PFS brought extensive experi ...

PARIS, France, May 14, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced the successful deployment of a large-scale robotics solution in Europe for a major global sporting goods retailer. The solution was designed to speed order processing, increase agility to respond to seasonal volume changes and deliver efficiency savings. "This tote-to-person solution, integrated with high-density storage, enables high-volume picking, storage an ...

GREENWICH, Conn., May 13, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced today that it has received two 2023 Supply Chain Supplier Awards from Whirlpool, a leading global appliance manufacturer. "We are pleased to receive these awards from Whirlpool because they validate our commitment to helping our customers achieve their goals through outstanding operations," said Jorge Guanter, President, Americas and Asia Pacific, GXO. "Our ...

The contract logistics stock could be getting ready for a bull run.Nearly three years ago, GXO Logistics (GXO 0.15%) was spun off from XPO, the transportation and logistics company that had been one of the best-performing stocks of the previous decade.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 ...

New facility expected to create approximately 700 new jobs over the next 10 years Expansion of GXO's partnership with Conair creates largest single distribution center in the state of Maryland, serving all major markets in the eastern USA GREENWICH, Conn. and Hagerstown, Md., May 10, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today is celebrating the expansion of its partnership with leading designer, manufacturer and marketer of brand ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40470 _________ ...

财务数据和关键指标变化 - 公司在第一季度实现收入25亿美元,同比增长6%,其中有1%的有机增长 [28] - 公司实现调整后EBITDA1.54亿美元,符合预期 [29] - 公司录得净亏损3600万美元,主要由于一次性诉讼费用和温肯顿收购相关的一次性交易成本 [29] - 公司的营运投资回报率达到33%,超过目标水平,预计未来将保持这一水平 [31] - 公司在2023年超额完成自由现金流目标,第一季度自由现金流同比改善2600万美元 [31] - 公司资产负债表保持稳健,预计2024年末负债率将降至2.5倍,2025年末降至1.9倍 [32] 各条业务线数据和关键指标变化 - 公司最大的垂直行业为全渠道零售和科技,尤其是半导体领域,这些领域在第一季度表现强劲 [28] 各个市场数据和关键指标变化 - 欧洲大陆市场保持稳定,美国市场表现参差不齐,英国市场在第一季度表现最强劲 [45][46][47] - 消费品需求疲软,但客户正在补充库存,这对公司来说是个好兆头 [48] 公司战略和发展方向及行业竞争 - 公司正在加大对自动化和人工智能技术的投入,这是其核心竞争力之一 [14][15][16] - 公司通过收购温肯顿拓展了在工业和航空航天领域的业务,这将为公司带来新的增长机会 [10][34] - 行业正在不断整合,大型企业凭借规模优势和自动化技术优势将获得更多市场份额 [98][99] 管理层对经营环境和未来前景的评论 - 管理层认为第四季度是有机增长的底部,第一季度已经出现了顺序改善,4月份的有机增长进一步加快 [45][46][49] - 管理层对公司未来的长期增长目标充满信心,预计未来3年公司将实现10%的平均有机收入增长和15%的调整后EBITDA复合增长 [36][37][38] 问答环节重要的提问和回答 问题1 **Stephanie Moore 提问** 询问公司第一季度有机增长的具体情况以及对全年目标的信心 [44] **Malcolm Wilson 和 Baris Oran 回答** - 第一季度有机增长1%,主要受新业务贡献6.5%、客户整合导致的体量下降3%、价格上涨2%等因素影响 [45][50][51] - 公司预计全年有机增长2.5%,新业务贡献9%、体量下降3%、价格上涨2%左右 [51] - 4月份有机增长已经超过第一季度,公司对全年目标充满信心 [49] 问题2 **Scott Schneeberger 提问** 询问莱维斯新业务的贡献时间、新业务占比变化以及长期合同趋势 [53] **Richard Cawston 回答** - 莱维斯新业务将于6月份开始缓慢启动,并在12-18个月内逐步达到全产能,年产能约6000万件 [55][56] - 新业务占比持续提升,2023年超过一半的新业务包含自动化元素,目前管线中约有5亿美元自动化业务 [115][116] - 长期合作趋势明显,如莱维斯20年合作协议反映了双方的战略性合作 [55] 问题3 **Baris Oran 回答** - 2027年目标调整的主要原因包括:1) 2023-2024年消费品需求低于预期导致的基数调整,约占三分之一;2) 由于需求下降导致的部分产能优化,约占三分之一;3) 自动化和新业务拓展的时间表延后,约占三分之一 [58][59][60]

GXO Logistics (GXO) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this contract logistics provider would post earnings of $0.69 per share when it actually produced earnings of $0.70, delivering a surprise of 1.45%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.GXO Logistics ...