Latest news with #MalcolmWilson
Yahoo
08-05-2025
- Business
- Yahoo
GXO Logistics sees growth opportunities in e-commerce, health care
Officials for GXO Logistics Inc. touted their versatility in dealing with complex supply chains during the company's first-quarter earnings call on Thursday. GXO reported first-quarter revenue of $3 billion, a 21% year-over-year increase compared to the same quarter in 2024. Adjusted earnings per share in the first quarter was 29 cents, a 36% year-over-year decrease. 'The complexity related to potential tariffs has created a new array of challenges for our customers, including rising costs, a need to rapidly react to changing prices and fluctuating inventory levels,' CEO Malcolm Wilson said during the earnings call before the market opened. 'Our customers are managing through this while, most importantly of all, continuing to serve their end customers seamlessly.' Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. It has more than 1,000 facilities totaling 200 million square feet in 27 countries, with a workforce of more than 150,000 company recently finalized a deal with England's National Health Service Supply Chain, its largest-ever contract, with a value of about $2.5 billion. GXO also signed $228 million of new business contracts in the first quarter and has a sales pipeline of $2.5 billion, its highest level in three years. Some of the company's clients include DuPont, Boeing, Kimberly-Clark, Mitsubishi and Schneider Electric. During the first quarter, 41% of GXO's new wins were in newly outsourced business, 39% involved automation and 42% came from e-commerce firms, Wilson said.'We're operating in an environment that demands unprecedented agility from global supply chains,' Wilson said. 'The structural tailwinds of outsourcing, automation and e-commerce continue to drive our industry's growth, illustrating that the need for our solutions is more important than ever.' While many transportation and logistics companies have revised or changed their earnings forecasts, GXO Logistics reaffirmed its guidance for the full year. The company's full-year 2025 guidance projects organic revenue growth of 3% to 6% and adjusted earnings before interest, taxes, depreciation and amortization of $840 million-$860 million. GXO also expects adjusted EPS of $2.40 to $2.60. 'Right now, our business is trading well in a dynamic environment, and the base case for our guidance is flat volumes year over year in 2025,' CFO Baris Oran said during the call. 'Should we see a softer environment in the U.S. economy, we estimate that we would still land within our narrow guidance range for 2025. Even if we were to see our second-half volume in our consumer-facing business in the U.S. decline by … low to mid-single digits, we would still be forecasting to be within this tight guidance range.' GXO's largest market is the United Kingdom, representing $1.4 billion in revenue during the first quarter, compared with $913 million in the same period last year. The United States was GXO's second-largest market at $752 million in the first quarter, a 1% year-over-year increase. GXO is still pending final approval of its acquisition of Wincanton, which officials said they expected to be resolved shortly. GXO announced it was acquiring Wincanton in April 2024 for about $1 billion. Wincanton is a major logistics and supply chain operator in the U.K. and and Wincanton have continued to be run independently until the U.K.'s Competition and Markets Authority (CMA) has completed its review of the acquisition. 'The Wincanton business has been trading really well since the acquisition,' Wilson said. 'We're very pleased with the management, very pleased with the revenue that is developing. We're nearing the conclusion of the discussions with the CMA. In fact, in the coming weeks, we're expecting to receive a full clearance of the deal.' The post GXO Logistics sees growth opportunities in e-commerce, health care appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
First look: GXO Logistics Inc.
GXO Logistics Inc. reported first-quarter revenue of $3 billion, a 21% year-over-year increase compared to the same quarter in 2024. Adjusted earnings per share in the first quarter was 29 cents, a 36% year-over-year decrease. 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. Wall Street expectations had called for revenue of $2.93 billion and EPS of 25 cents. CEO Malcolm Wilson said the company delivered a strong first quarter. 'We signed $228 million of new business wins, and our sales pipeline of $2.5 billion … stands at its highest level in three years,' Wilson said in a news release. 'We've finalized a landmark deal with England's National Health Service Supply Chain. This is our largest-ever contract and carries a total lifetime value of about $2.5 billion.' Net loss was $95 million, compared with net loss of $36 million for the first quarter of 2024. Adjusted earnings before interest, taxes, depreciation and amortization in the quarter was $163 million, a 6% year-over-year increase.. GXO generated $29 million of cash flow from operations in the first quarter, compared with $50 million for the same period last year. As of March 31, the company had cash and cash equivalents (excluding restricted cash), debt outstanding and net debt of $288 million, $2.7 billion and $2.4 billion, respectively. GXO repurchased 2.8 million shares during the first quarter. The company's full-year 2025 guidance projects organic revenue growth of 3% to 6% and adjusted EBITDA between $840 million and $860 million. GXO also expects adjusted EPS of $2.40 to $2.60. The company will hold a conference call with analysts at 8:30 a.m. on Thursday. GXOQ1/25Q1/24Y/Y % ChangeRevenueAdjusted EBIDTAAdjusted earnings per share The post First look: GXO Logistics Inc. appeared first on FreightWaves.
Time of India
23-04-2025
- Business
- Time of India
Putin's Secret Portrait Gift to Trump Revealed: Painting Shows Key Moment Of Trump's Life
Lithuania's capital unveils evacuation plan in case of Russia attackMohammed Ben Sulayem nominates rally legend Malcolm Wilson to succeed Robert Reid at FIAWatch: Three explosions hit Moscow's business districtEurope's Digital Markets Act: Apple, Facebook parent Meta become first tech companies to be…Gold prices hit Rs 1 lakh! What's the outlook for gold and should you buy or sell the yellow metal? ExplainedSidharth Malhotra loses his temper with the paparazzi as he gets clicked with pregnant wife Kiara Advani outside hospital: 'Get back... behave yourself' - WATCH videoVeer Hanuman's Malhar Pandya condemns Pahalgam Terror attack: I feel angry, helpless, and broken'Get rid of Elon': Jasmine Crockett says Trump is distancing from 'sinister', 'idiot' MuskPahalgam terrorist attack: Search operation under way, J&K on high alert - Top development'We as a team condemn any such attacks': Hardik Pandya, Pat Cummins mourn Pahalgam tragedy'Attacked for simply speaking the truth': Czech officials defend former NHL legend Dominik Hasek after threatening comments by Russian official Dmitry MedvedevThe Cosmic Shift: 4 Zodiac Signs Entering New Chapters in LifeSalman says 'Kashmir is turning into hell' after the horrific Pahalgam attackRay-Ban Meta Glasses coming to India soon: AI, live translation features, music and all the features of the smart glassesPankaj Tripathi to reunite with his 'OMG 2' director Amit Rai for a new filmVaruthini Ekadashi 2025: Date, Time, Story, Puja Rituals, Mantras and SignificanceTaarak Mehta Ka Ooltah Chashmah Munmun Dutta reacts to Pahalgam Terror Attack; says 'It's heinous, it's barbaric, Hindus are being deliberately targeted and killed in the name of religion''Jesus fu**ing Christ' – JJ Redick's leaked NSFW timeout outburst goes viral, seemingly screaming at Luka Doncic and company Copyright © 2025 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
Time of India
23-04-2025
- Automotive
- Time of India
Mohammed Ben Sulayem nominates rally legend Malcolm Wilson to succeed Robert Reid at FIA
Image credit: FIA Days after Deputy President for Sport Robert Reid resigned from the FIA over a lack of transparency in the organisation, the governing body's president, Mohammed Ben Sulayem , has nominated former British rally driver and M-Sport owner Malcolm Wilson to fill the vacant post. The 69-year-old will be appointed only after voting by FIA members at the FIA's Extraordinary General Assemblies and Conference in Macau in June. Mohammed Ben Sulayem on appointing Malcolm Wilson for FIA deputy president for Sport On Malcolm Wilson's nomination for the FIA Deputy President post, Mohammed Ben Sulayem said in a statement, "Malcolm has had a distinguished career in global motorsport. For over 40 years he has competed at the highest level both as a driver and technical partner to teams. This experience will be invaluable to the FIA and our member clubs as we continue to grow grassroots and professional motorsport, driving innovation in the sport to benefit fans, drivers and teams." Sharing his happiness about his nomination, Wilson said in a statement: "The FIA has played a central role in my career, and I very much look forward to supporting the president and all the FIA family in its important mission. There has never been a more exciting time to be in motorsport, and I know first-hand the benefits the sport brings to families and communities across the world.' "I look forward to working with the president for the duration of his current term of office, bringing our sport to new audiences and ensuring we deliver the very best championships for all our competitors,' he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trending in in 2025: Local network access control [Click Here] Esseps Learn More Undo Who is Malcolm Wilson? Malcolm Wilson won the British Rally Championship title as a Ford driver in 1994. As the owner of the M-Sport team and constructor, he has also been the force behind many rally winners and championship drivers. Wilson also holds several royal honors. He was appointed Officer of the Order of the British Empire in 2009. He was also honoured with the V Class Order of the Cross of Terra Mariana for his services to Estonian motorsport, playing a pivotal role in the success of Markko Märtin and Ott Tänak. Also Read: FIA deputy president Robert Reid resigns, says 'I have witnessed steady erosion of principles" Robert Reid, a 2001 World Rally Champion, shared a hard-hitting note citing the reasons for his resignation. It read: "When I took on this role, it was to serve the FIA's members; not to serve power. Over time, I have witnessed a steady erosion of the principles we promised to uphold. Decisions are being made behind closed doors, bypassing the very structures and people the FIA exists to represent.'
TimesLIVE
23-04-2025
- Automotive
- TimesLIVE
M-Sport founder Malcolm Wilson nominated for FIA deputy president
The head of motorsport's world governing body, the FIA, has nominated former rally driver and M-Sport founder Malcolm Wilson to take the position left vacant by fellow-Briton Robert Reid as deputy president for sport. The FIA, the governing body for Formula One as well as rallying, said the nomination by president Mohammed Ben Sulayem will be voted on at a meeting in Macau in June. M-Sport has operated Ford's world rally programme since 1997, the company winning the manufacturers' title in 2006, 2007 and 2017. Reid, a 2001 world championship-winning rally co-driver, resigned this month due to what he called a 'fundamental breakdown in governance standards' in the governing body. Wilson said it was an honour to be nominated and he looked forward to supporting Ben Sulayem, a former rally driver, who is expected to stand for re-election in December.
