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Stock impact report

Expeditors Reports First Quarter 2024 EPS of $1.17

Expeditors International of Washington, Inc. (EXPD) 
Last expeditors international of washington, inc. earnings: 2/18 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.expeditors.com
Company Research Source: Business Wire
SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced first quarter 2024 financial results including the following comparisons to the same quarter of 2023:Diluted Net Earnings Attributable to Shareholders per share (EPS1) decreased 19% to $1.17Net Earnings Attributable to Shareholders decreased 25% to $169 millionOperating Income decreased 22% to $215 millionRevenues decreased 15% to $2.2 billionAirfreight tonnage volume increased 4% and ocean container volume increased 2%“Air tonnage and ocean volumes increased when compared to a sluggish first quarter a year ago and breaking from a general downward slide of more than a year,” said Jeffrey S. Musser, President and Chief Executive Officer. “Since late 2022, we have been adjusting operations to align with a broad marketplace reset. While we are no longer experiencing anything like the widespread supply chain chaos of the pandemic, our industry remains volatile due to global conflicts, st Show less Read more
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