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Stock impact report

Expeditors Reports Fourth Quarter 2023 EPS of $1.09 [Yahoo! Finance]

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: Yahoo! Finance
Diluted Net Earnings Attributable to Shareholders per share (EPS ) decreased 21% to $1.09 Net Earnings Attributable to Shareholders decreased 28% to $159 million Operating Income decreased 40% to $199 million Revenues decreased 34% to $2.3 billion Airfreight tonnage volume decreased 3% and ocean container volume decreased 10% "While ocean and air markets have been recovering from the massive disruptions brought on by the global Covid-19 pandemic, we continue to face further market uncertainty due to the current conflicts in the Middle East and on the Red Sea," said Jeffrey S. Musser, President and Chief Executive Officer. "Further, volumes and capacity have remained uncertain due to additional capacity recently brought into the marketplace, while shippers have cautiously sought to avoid overextending their inventory levels. These factors created an environment where rates, which had fallen fairly significantly from the pandemic period, stabilized in ocean and, in the case o Show less Read more
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