Expeditors Earnings Reports

Expeditors International of Washington, Inc. reported a 30% year-over-year revenue increase to $2.95 billion in Q4 2024. Net income grew 49% to $236 million, while operating income surged 51% to $301 million. EPS rose 54% to $1.68. Strong demand in Asia and e-commerce-driven airfreight helped drive performance.

Expeditors International of Washington reported a strong third quarter in 2024, with a 37% increase in revenues to $3.0 billion and a 41% increase in diluted EPS to $1.63, driven by increased airfreight tonnage and ocean container volume.

Expeditors International of Washington reported a 9% increase in revenue to $2.4 billion for Q2 2024. However, net earnings attributable to shareholders decreased by 11% to $175 million, and operating income decreased by 10% to $224 million. Diluted EPS decreased by 5% to $1.24. Airfreight tonnage volume increased by 15%, while ocean container volume decreased by 3%.

Expeditors International of Washington reported a decrease in first quarter 2024 financial results compared to the same quarter of 2023. EPS decreased 19% to $1.17, net earnings decreased 25% to $169 million, operating income decreased 22% to $215 million, and revenues decreased 15% to $2.2 billion. Airfreight tonnage volume increased 4% and ocean container volume increased 2%.

Expeditors International of Washington, Inc. reported a decrease in financial results for Q4 2023 compared to the same quarter of 2022. EPS decreased to $1.09, net earnings attributable to shareholders decreased to $159 million, operating income decreased to $199 million, and revenues decreased to $2.3 billion. The company faced market uncertainty due to global conflicts and cautious shipper demand.

Expeditors International of Washington reported a significant decrease in financial results for Q3 2023 compared to the same quarter of 2022. EPS decreased by 54% to $1.16, net earnings decreased by 59% to $171 million, operating income decreased by 59% to $216 million, and revenues decreased by 50% to $2.2 billion. The company faced challenges including decelerating demand, soft rates, and excess capacity in most lanes.

Expeditors International of Washington reported a decrease in its second-quarter 2023 financial results compared to the same quarter of 2022. EPS decreased by 43% to $1.30, net earnings attributable to shareholders decreased by 48% to $197 million, operating income decreased by 51% to $248 million, and revenues decreased by 51% to $2.2 billion. The decline was attributed to the resetting freight marketplace and a return to pre-pandemic levels of activity.

Expeditors International of Washington reported a decrease in financial results for Q1 2023 compared to the same quarter of 2022. Revenues decreased by 44% to $2.6 billion, net earnings attributable to shareholders decreased by 35% to $226 million, and operating income decreased by 40% to $276 million. The company attributed the decline to soft demand and reduced buy and sell rates.

Expeditors International of Washington, Inc. reported a decrease in revenue by 36% to $3.4 billion and a decrease in diluted net earnings per share by 48% to $1.38 for Q4 2022, compared to the same quarter of 2021. The results reflect a rapid reversal from a robust operating environment, influenced by economic uncertainty and decelerating volumes.

Expeditors International of Washington, Inc. reported a 1% increase in revenues to $4.4 billion and a 22% increase in diluted EPS to $2.54 for the third quarter of 2022, compared to the same quarter of 2021. The company faced uncertain economic conditions, including declines in airfreight tonnage and ocean container volume, but effectively managed costs and adapted to changing market dynamics.

Expeditors International of Washington, Inc. reported a strong second quarter in 2022, with a 28% increase in revenues to $4.6 billion and a 23% increase in diluted EPS to $2.27, even with decreases in airfreight and ocean container volumes. The company faced challenges including recovery from a cyber-attack and volume drops in China due to lockdowns, but highlighted the strength of its employees and commitment to customers.

Expeditors International of Washington reported a 46% increase in revenues to $4.7 billion and a 23% increase in EPS to $2.05 for Q1 2022, despite an 18% decrease in airfreight tonnage and a 3% decrease in ocean container volume due to a cyber-attack.

Expeditors International of Washington, Inc. reported a substantial increase in its fourth-quarter 2021 financial results. EPS increased by 129% to $2.66, net earnings attributable to shareholders increased by 128% to $453 million, and operating income increased by 121% to $624 million. Revenues also saw significant growth, increasing by 81% to $5.4 billion. The company continues to assess the impact of a recent cyberattack.

Expeditors International of Washington, Inc. reported an 87% increase in EPS to $2.09 and an 84% increase in revenues to $4.3 billion compared to the same quarter of 2020. The company's performance was driven by strong volumes and high average sell and buy rates amid supply chain constraints.

Expeditors International of Washington reported a strong second quarter in 2021, with a 69% increase in EPS to $1.84, a 72% increase in net earnings to $316 million, and a 66% increase in operating income to $411 million. Revenues increased by 50% to $3.6 billion, driven by a 37% increase in airfreight tonnage and a 34% increase in ocean container volume.

Expeditors International of Washington, Inc. reported a significant increase in its first quarter 2021 financial results compared to the same quarter of 2020. EPS increased by 135% to $1.67, net earnings attributable to shareholders increased by 135% to $287 million, and operating income increased by 142% to $386 million. Revenues also saw a substantial increase of 77% to $3.4 billion.

Expeditors International of Washington, Inc. reported a strong fourth quarter in 2020, with EPS increasing by 47% to $1.16 and revenues increasing by 55% to $3.2 billion. The company experienced record high air tonnage and ocean containers shipped, as well as in revenue, operating income and net earnings.

Expeditors International of Washington, Inc. announced a semi-annual cash dividend of $0.52 per share.

Expeditors International of Washington, Inc. reported a 27% increase in revenues to $2.6 billion and a 24% increase in diluted net earnings per share (EPS) to $1.09 for the second quarter of 2020, compared to the same quarter of 2019. The results were impacted by COVID-19, which led to lower volumes across all products, but airfreight revenue was greater than anticipated due to high demand for shipping technology and medical equipment.

Expeditors International of Washington, Inc. announced a semi-annual cash dividend of $0.52 per share.

Expeditors International of Washington, Inc. reported a decrease in fourth quarter 2019 financial results compared to the same quarter of 2018. EPS decreased 23% to $0.79, net earnings decreased 23% to $137 million, operating income decreased 17% to $180 million, and revenues decreased 9% to $2.0 billion. Airfreight tonnage volume decreased 6% and ocean container volume decreased 13%.