secwatch.observer — SEC 8-K summary
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Issuer:     EXPEDITORS INTERNATIONAL OF WASHINGTON INC (EXPD)
CIK:        0000746515
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000950170-24-054162
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expeditors Q1 EPS $1.17 (-19% YoY); revenue down 15% to $2.2B
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- Net earnings attributable to shareholders fell 25% to $169M; operating income down 22% to $215M.
- Revenue decreased 15% to $2.2B; airfreight tonnage up 4% YoY, ocean container volume up 2%.
- CEO cites broad marketplace reset with growing carrier capacity and falling rates, impacting profitability.
- Global conflicts, inflation, and uncertain demand continue to pressure the freight market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746515/000095017024054162/0000950170-24-054162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746515/000095017024054162/expd-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-054162

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