secwatch.observer — SEC 8-K summary
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Issuer:     FEDEX CORP (FDX)
CIK:        0001048911
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0000950170-24-138448
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FedEx Q2 adjusted EPS $4.05 misses prior year, cuts FY25 outlook, plans FedEx Freight spin-off
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- Q2 GAAP diluted EPS $3.03, adjusted $4.05 vs $3.99 adjusted in prior year; revenue $22.0B flat YoY.
- Revised FY25 outlook: adjusted EPS $19.00-$20.00 (down from $20.00-$21.00); flat revenue vs prior low single-digit growth.
- Completed $1B share repurchases in Q2; expects additional $500M buybacks in FY25 for total $2.5B.
- Board approves full separation of FedEx Freight into new publicly traded LTL company within 18 months.
- DRIVE permanent cost reductions reaffirmed at $2.2B; capex $5.2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048911/000095017024138448/0000950170-24-138448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048911/000095017024138448/fdx-20241219.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-138448

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