---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017029"
form_type: "8-K"
ticker: "EXPD"
cik: "0000746515"
company_name: "EXPEDITORS INTERNATIONAL OF WASHINGTON INC"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:35:36.807622+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-017029
- form_type: 8-K
- ticker: EXPD
- cik: 0000746515
- company_name: EXPEDITORS INTERNATIONAL OF WASHINGTON INC
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746515/000095017024017029/0000950170-24-017029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746515/000095017024017029/expd-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017029
- JSON: https://secwatch.observer/filing/0000950170-24-017029.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017029.txt

## Key facts
- Earnings Releases
  EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported financial results for fourth quarter 2023.
  - Period: fourth quarter 2023
  - Result: reported results
  source text: On February 20, 2024, Expeditors International of Washington, Inc., a Washington corporation, issued a press release announcing December 31, 2023 financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/746515/000095017024017029/0000950170-24-017029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.