secwatch.observer — SEC 8-K summary
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Issuer:     EXPEDITORS INTERNATIONAL OF WASHINGTON INC (EXPD)
CIK:        0000746515
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0000950170-23-059900
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expeditors Q3 EPS $1.16 (-54% YoY), revenue down 50% on soft demand and rates
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- Diluted EPS of $1.16, down 54% from $2.52 in Q3 2022; net earnings $171M (-59%).
- Revenue fell 50% to $2.2B; operating income $216M (-59%).
- Airfreight tonnage volume -14% YoY; ocean container volume -15% YoY.
- CEO cites 'great unwinding' of pandemic-driven demand; rates remain soft with capacity exceeding demand.
- Company managing headcount and costs amid uncertain economic and geopolitical outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746515/000095017023059900/0000950170-23-059900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746515/000095017023059900/expd-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-059900

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