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Dec 31, 2021
Expeditors Q4 2021 Earnings Report
Expeditors' Q4 2021 earnings significantly increased, driven by strong revenue and operating income growth.
Key Takeaways
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.
Diluted EPS increased 129% to $2.66.
Net earnings attributable to shareholders increased 128% to $453 million.
Operating income increased 121% to $624 million.
Revenues increased 81% to $5.4 billion.
Revenue by Segment
Forward Guidance
Expeditors cautions that should demand and rates return to pre-pandemic levels, revenues, expenses, and operating income are likely to decline from the all-time highs experienced in 2021. The company is also currently assessing the impact of a recent cyberattack, which could have a material adverse impact on business, revenues, results of operations, and reputation.
Positive Outlook
- Ability to leverage the strength of carrier relationships to secure space.
- Strength of non-asset-based operating model.
- Ability to re-open offices for return-to-work.
- Ability to continue to enhance productivity.
- Ability to invest in strategic efforts to explore new areas for profitable growth.
Challenges Ahead
- Future stabilization of supply/demand imbalance and rate volatility.
- Continued unsettled operating environment due to continued scarce air and ocean capacity.
- Elevated air and ocean pricing and an increase in demand for such services.
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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