secwatch.observer — SEC 8-K summary
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Issuer:     FEDEX CORP (FDX)
CIK:        0001048911
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0000950170-23-028931
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FedEx reports Q4 revenue $21.9B, adj EPS $4.94; FY24 EPS outlook $16.50-$18.50 excl items
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- Q4 revenue $21.9B (-10% YoY); GAAP EPS $6.05, adj EPS $4.94 (down from $6.87 adj YoY).
- FY23 revenue $90.2B (down from $93.5B); GAAP EPS $15.48, adj EPS $14.96 (down from $20.61 adj YoY).
- FY24 outlook: flat to low single digit revenue growth; EPS $15-$17 (before MTM) or $16.50-$18.50 (excl biz opt costs).
- FY24 share repurchases planned $2.0B; annual dividend raised 10% to $5.04/share.
- FY24 DRIVE cost savings target $1.8B; capex $5.7B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048911/000095017023028931/0000950170-23-028931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048911/000095017023028931/fdx-20230620.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-028931

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