Expeditors Q4 2023 EPS down 21% to $1.09; revenue falls 34% to $2.3B

EXPEDITORS INTERNATIONAL OF WASHINGTON INC

2023-FY EPS reported $5.01 revenue$9,300,110,000

Diluted EPS $1.09, down 21% YoY; net earnings $159M, down 28%.
Operating income $199M (-40% YoY); revenues $2.3B (-34% YoY).
Airfreight tonnage volume -3% YoY; ocean container volume -10% YoY.
CEO cites Middle East/Red Sea conflicts and market uncertainty for softness.
Company reduced headcount to align expenses with lower revenue; more cost controls planned.

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 2023.

Period: fourth quarter 2023
Result: reported results

Exact text from the filing

On February 20, 2024, Expeditors International of Washington, Inc., a Washington corporation, issued a press release announcing December 31, 2023 financial results.

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EXPEDITORS INTERNATIONAL OF WASHINGTON INC filing history →

Source: SEC EDGAR

accession 0000950170-24-017029

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