GXO claims Wincanton takeover will not hurt UK food retailers
The world’s largest pure-play contract logistics operator (PPCLO), GXO, has argued that its intended acquisition ...
SEEKING ALPHA reports:
– GXO Logistics press release (NYSE:GXO): Q2 Non-GAAP EPS of $0.70 beats by $0.09.
– Revenue of $2.4B (+11.1% Y/Y) beats by $20M.
The full post is here.
Highlights:
– Second quarter revenue grew 11% year over year to $2.4 billion, and organic revenue1 grew 3%
– Net income attributable to GXO grew 27% to $65 million; operating income increased by 68%; operating margins improved by 140 bps; adjusted EBITDA1 grew to $190 million; diluted EPS increased to $0.54, and adjusted diluted EPS1 to $0.70
– Raised full-year ...
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