A Bull Market Is Coming. 1 Growth Stock That Could Surge When the Economy Turns.
GXO Logistics (NYSE: GXO) just marked two full years as a publicly traded company. The logistics services provider has come a long way since it was spun off from XPO in 2021. The logic behind the spinoff was that it would unlock shareholder value and allow each company to more easily pursue mergers and acquisitions (M&A), allocate capital, and compensate employees as a pure play focused on one industry.
Today, GXO stock is trading nearly flat to where it was when the company first went public. But the logistics powerhouse has made major strides since then, executing its acquisition of Clipper Logistics, a U.K.-based firm that was attractive in part for its expertise in reverse logistics, and growing the business on the top and bottom lines.
The company has delivered organic growth each quarter as it makes progress toward its 2027 targets calling for $17 billion in revenue and $1.6 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
Source Fool.com
