secwatch.observer — SEC 8-K summary
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Issuer:     FEDEX CORP (FDX)
CIK:        0001048911
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0000950170-24-108098
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FedEx Q1 adjusted EPS $3.60 vs $4.55 YoY; FY2025 EPS guidance cut to $17.90-$18.90
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- GAAP diluted EPS $3.21, adjusted $3.60; revenue $21.6B (from $21.7B YoY).
- Operating income $1.08B GAAP ($1.21B adjusted) vs $1.49B prior year; margin 5.0% GAAP.
- Completed $1B accelerated share repurchase; plans $1.5B additional in FY2025.
- FY2025 EPS guidance (ex-MTM): $17.90-$18.90 (prev $18.25-$20.25); adjusted EPS $20.00-$21.00.
- DRIVE cost reductions reaffirmed at $2.2B; capex $5.2B; ETR ~24.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048911/000095017024108098/0000950170-24-108098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048911/000095017024108098/fdx-20240919.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-108098

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