secwatch.observer — SEC 8-K summary
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Issuer:     FEDEX CORP (FDX)
CIK:        0001048911
Form:       8-K
Filed at:   2025-03-20T23:59:59+00:00
Accession:  0000950170-25-042661
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FedEx Q3 adj EPS $4.51 vs $3.86 YoY; cuts FY25 adj EPS guidance to $18.00-$18.60 from $19.00-$20.00
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- GAAP diluted EPS $3.76, adjusted diluted EPS $4.51; revenue $22.2B (+2.3% YoY).
- FY25 adjusted EPS outlook lowered to $18.00-$18.60 (prior $19.00-$20.00); revenue now expected flat to slightly down.
- Completed $500M in share repurchases during Q3; $2.6B remains under the 2024 stock repurchase authorization.
- FedEx Freight spin-off preparation progressing; DRIVE permanent cost reductions of $2.2B reaffirmed.
- Q3 operating income improved on DRIVE savings and higher yields, but U.S. industrial economy weakness cited as headwind.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048911/000095017025042661/0000950170-25-042661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048911/000095017025042661/fdx-20250320.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-042661

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