Categories Earnings, Industrials
Earnings Summary: A snapshot of Expeditors International’s Q1 results
Logistics company Expeditors International of Washington, Inc. (NASDAQ: EXPD) has announced financial results for the first quarter of 2024, reporting a decrease in revenue and net income.
- First-quarter revenues dropped 15% to $2.2 billion from $2.59 billion in the corresponding period of 2023
- Net earnings attributable to shareholders, on a per-share basis, dropped 19% year-over-year to $1.17 in the March quarter
- Net income attributable to shareholders was $169 million during the three months, which is down 25% year-over-year
- Operating Income decreased 22% year-over-year to $215 million in the first quarter
- Airfreight tonnage volume increased 4% year-over-year and ocean container volume increased 2% during the three months
- Expeditors International generated $257 million in cash flow from operations in the first quarter
- The company returned $361 million to shareholders via repurchases of common stock in Q1
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the