Expeditors Q3 EPS $2.54 (+22% YoY); air tonnage -13%, ocean -10%; sees demand weakness ahead

EXPEDITORS INTERNATIONAL OF WASHINGTON INC

2022-Q3 EPS reported $6.84 revenue$13,629,756,000

Diluted EPS $2.54 (+22% YoY); net earnings $414M (+15%); operating income $527M (+8%).
Revenue $4.4B (+1% YoY); airfreight tonnage -13%, ocean container volume -10%.
CEO cites inflation, high energy costs, inventory destocking pressuring supply chains; expects conditions to continue into 2023.
Company focusing on cost control amid declining rates and capacity rebalancing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported third quarter 2022 results: revenue $4.4 billion, net income $414 million, EPS $2.54.

Period: third quarter 2022
Revenue: $4.4 billion
Net income: $414 million
EPS: $2.54
Result: reported results

Exact text from the filing

1 ) increased 22% to $2.54 • Net Earnings Attributable to Shareholders increased 15% to $414 million • Operating Income increased 8% to $527 million • Revenues increased 1% to $4.4 billion • Airfreight tonnage volume and ocean container volume decreased 13% and 10%, respectively “We continued to perform at a very high level, generating another strong quarter of

View on SEC.gov

6 earnings releases filed in the last 30 days. Browse all earnings releases →

EXPEDITORS INTERNATIONAL OF WASHINGTON INC filing history →

Source: SEC EDGAR

accession 0001564590-22-036952

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.