Expeditors discusses post-cyber-attack recovery, capital returns, and strategic plan

EXPEDITORS INTERNATIONAL OF WASHINGTON INC

Q2 volumes soft partly due to cyber-attack; many customer EDI connections re-established but business not yet normal.
Headcount increased to protect customer relationships; productivity review underway to balance staffing with workload.
Capital allocation unchanged: $659M returned to shareholders via buybacks and dividends in Q2.
Semi-annual dividend raised 15.5% to $0.67/share, marking 29th consecutive year of increases.
Strategic plan under review, considering post-pandemic supply chain shifts; finalization expected by year-end.

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