earnings
confidence high
sentiment positive
materiality 0.85
FedEx full-year adjusted EPS $17.80, forecasts FY2025 adjusted EPS $20-$22, to review Freight role
FEDEX CORP
2024-FY EPS reported
$17.21
revenue$87,693,000,000
- FY2024 revenue $87.7B (down from $90.2B), GAAP diluted EPS $17.21, adjusted $17.80, up from $14.96 adjusted prior year.
- FY2025 outlook: low-to-mid single-digit revenue growth, adjusted EPS $20-$22, DRIVE cost savings $2.2B.
- Assessing role of FedEx Freight in portfolio; results expected by end of calendar year 2024.
- Returned $3.8B ($2.5B buybacks, $1.3B dividends); plans $2.5B buybacks in FY2025, 10% dividend increase to $5.52/share.
- Q4 revenue $22.1B, operating margin 8.5% adjusted; EPS $5.41 adjusted vs $4.94 prior year.