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Mar 31, 2021
Expeditors Q1 2021 Earnings Report
Expeditors' Q1 2021 earnings significantly increased due to strong volumes and high buy and sell rates, driven by supply chain imbalances and disruptions.
Key Takeaways
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.
Diluted net earnings per share increased 135% to $1.67.
Net earnings attributable to shareholders increased 135% to $287 million.
Operating income increased 142% to $386 million.
Revenues increased 77% to $3.4 billion.
Revenue by Segment
Forward Guidance
The company expects the operating environment to remain unsettled due to constrained capacity, port congestion, uneven lifting of pandemic restrictions, and rising fuel costs. While history suggests the supply/demand imbalance and rate volatility will stabilize, conditions can change rapidly.
Positive Outlook
- Company will continue to make important investments in people.
- Company will continue to make important investments in processes.
- Company will continue to make important investments in technology.
- Company will continue to invest in strategic efforts to explore new areas for profitable growth.
- Company will remain highly focused and aware of marketplace shifts.
Challenges Ahead
- Ongoing disruptions will affect future operations or financial results going forward.
- The company does not expect the current unprecedented operating conditions to persist long-term.
- Constrained capacity continues to impact the movement of freight.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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