secwatch.observer — SEC 8-K summary
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Issuer:     EXPEDITORS INTERNATIONAL OF WASHINGTON INC (EXPD)
CIK:        0000746515
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000950170-23-039550
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expeditors Q2 2023 EPS $1.30, down 43% YoY; revenue falls 51% to $2.2B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746515/000095017023039550/0000950170-23-039550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746515/000095017023039550/expd-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039550

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer