secwatch.observer — SEC 8-K summary
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Issuer:     FEDEX CORP (FDX)
CIK:        0001048911
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0000950170-24-077290
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FedEx full-year adjusted EPS $17.80, forecasts FY2025 adjusted EPS $20-$22, to review Freight role
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048911/000095017024077290/0000950170-24-077290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048911/000095017024077290/fdx-20240625.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-077290

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