earnings
confidence high
sentiment negative
materiality 0.70
Expeditors Q2 EPS $1.24 (-5% YoY); operating income -10% on $2.4B revenue
EXPEDITORS INTERNATIONAL OF WASHINGTON INC
2024-Q2 EPS reported
$2.41
revenue$4,645,679,000
- Diluted EPS $1.24 vs $1.30 prior year, down 5%; net earnings $175M (-11%).
- Operating income $224M (-10%); revenues $2.4B (+9%).
- Airfreight tonnage +15% YoY; ocean container volume -3%.
- CEO cites erratic market, Red Sea disruptions, e-commerce demand impacting capacity.
- CFO notes expenses high; headcount increased in info systems to support technology.