Loading...
•
Jun 30, 2024
Expeditors Q2 2024 Earnings Report
Expeditors' financial performance decreased in Q2 2024, with EPS of $1.24.
Key Takeaways
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%.
Revenue increased by 9% to $2.4 billion.
Net earnings attributable to shareholders decreased by 11% to $175 million.
Operating income decreased by 10% to $224 million.
Diluted EPS decreased by 5% to $1.24.
Expeditors
Expeditors
Expeditors Revenue by Segment
Expeditors Revenue by Geographic Location
Revenue by Segment
Airfreight Services Revenue
CapyFin.comOcean Freight Services Revenue
CapyFin.comCustoms & Other Services Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comOther North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comNorth Asia Revenue
CapyFin.comSouth Asia Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
The company faces uncertainty regarding demand, capacity, and pricing, along with unpredictable events impacting global shipping.
Positive Outlook
- Focus on alignment of shipment activity with headcount.
- Continuing investments in people, processes, and technology.
- Strategic efforts to explore new areas for profitable growth.
- Customer-focused dedication of the workforce.
- Readiness to pivot for new challenges.
Challenges Ahead
- Erratic market conditions impacted by rapid changes and imbalances in buy versus sell rates.
- Air market capacity constrained by e-commerce demand.
- Ocean routing significantly disrupted by geopolitical events in the Red Sea.
- High expenses compared to efficiency target.
- Uncertainty with regard to demand, capacity, and pricing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income