{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-039550","form_type":"8-K","ticker":"EXPD","cik":"0000746515","company_name":"EXPEDITORS INTERNATIONAL OF WASHINGTON INC","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.588535+00:00","generated_at":"2026-06-12T03:16:34.589506+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Expeditors Q2 2023 EPS $1.30, down 43% YoY; revenue falls 51% to $2.2B","bullets":["Diluted EPS $1.30, down 43% YoY; net earnings $197M, down 48% YoY.","Revenue $2.2B and operating income $248M each down 51% YoY.","Airfreight tonnage -15%, ocean container -13%; capacity exceeds demand and rates falling.","Management continues to reduce headcount and align costs; expects weak conditions through year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-039550","json":"https://secwatch.observer/filing/0000950170-23-039550.json","markdown":"https://secwatch.observer/filing/0000950170-23-039550.md","text":"https://secwatch.observer/filing/0000950170-23-039550.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/746515/000095017023039550/0000950170-23-039550-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/746515/000095017023039550/expd-20230808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T03:16:34.589506+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c1af17d0be319c41ceb6577736f44797566b55b","claim":"EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported second quarter 2023 results: revenue $2.2 billion, net income $197 million, EPS $1.30.","evidence_excerpt":"Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced second quarter 2023 financial results including the following comparisons to the same quarter of 2022: • Diluted Net Earnings Attributable to Shareholders per share (EPS 1 ) decreased 43% to $1.30 • Net Earnings Attributable to Shareholders decreased 48% to $197 million • Operating Income decreased 51% to $248 million • Revenues decreased 51% to $2.2 billion","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/746515/000095017023039550/0000950170-23-039550-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Revenue","value":"$2.2 billion"},{"label":"Net income","value":"$197 million"},{"label":"EPS","value":"$1.30"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}