Expeditors Q4 2022 EPS $1.38, down 48% YoY; revenue down 36%

EXPEDITORS INTERNATIONAL OF WASHINGTON INC

2022-FY EPS reported $8.26 revenue$17,071,284,000

Diluted EPS $1.38, down 48% from $2.66 in Q4 2021; net earnings $219M, down 52%.
Revenue $3.4B, down 36% YoY; operating income $330M, down 47%.
Airfreight tonnage volume fell 20% and ocean container volume fell 15% YoY.
CEO cites rapid rate decline and softer demand, especially in retail and high tech; short-term outlook uncertain.
Company plans to align expenses with revenues and reduce costs over next one to two quarters.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported financial results for fourth quarter 2022.

Period: fourth quarter 2022
Result: reported results

Exact text from the filing

On February 21, 2023, Expeditors International of Washington, Inc., a Washington corporation, issued a press release announcing December 31, 2022 financial results.

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6 earnings releases filed in the last 30 days. Browse all earnings releases →

EXPEDITORS INTERNATIONAL OF WASHINGTON INC filing history →

Source: SEC EDGAR

accession 0000950170-23-003378

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