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Dec 31, 2019
Expeditors Q4 2019 Earnings Report
Expeditors' Q4 2019 earnings decreased compared to Q4 2018.
Key Takeaways
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%.
Diluted EPS decreased 23% to $0.79.
Net earnings attributable to shareholders decreased 23% to $137 million.
Operating income decreased 17% to $180 million.
Revenues decreased 9% to $2.0 billion.
Revenue by Segment
Forward Guidance
The company expects a significant impact on freight volumes in Q1 due to extended closures of factories in China in support of containing the Novel Coronavirus (COVID-19).
Positive Outlook
- The company remains steadfastly optimistic that when the marketplace does return to normal, they are in an excellent position to take advantage of what could be a sharp rebound in trade.
Challenges Ahead
- There remains a great deal of uncertainty as to when factories will return to full production.
- Those delays will have a significant impact on freight volumes moved in Q1.
- This may have a further impact to global supply chains through potential shortages of raw materials, parts and supplies.
- Manufacturing capability has been shut-down or severely hampered to such an extent, so it is difficult to predict how this will play out.
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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