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Dec 31, 2022
Expeditors Q4 2022 Earnings Report
Expeditors' Q4 2022 earnings were impacted by decreased revenues and earnings per share.
Key Takeaways
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.
Diluted EPS decreased 48% to $1.38.
Net earnings attributable to shareholders decreased 52% to $219 million.
Operating income decreased 47% to $330 million.
Revenues decreased 36% to $3.4 billion.
Expeditors
Expeditors
Expeditors Revenue by Segment
Revenue by Segment
Airfreight Services Revenue
CapyFin.comOcean Freight Services Revenue
CapyFin.comCustoms & Other Services Revenue
CapyFin.com Forward Guidance
The short-term outlook is somewhat uncertain due to a difficult economic environment and the resetting of supply and demand, which has a direct impact on available capacity and pricing. The company plans to move forward with a sharp eye on aligning expenses with revenues, particularly over the next one or two quarters, focusing on maintaining existing accounts and gaining new business, while reducing overall expenses.
Positive Outlook
- Optimistic about the future.
- Focus on maintaining existing accounts.
- Focus on gaining new business.
- Plan to move forward with a sharp eye on aligning expenses with revenues.
- Quickly configure operations to accommodate unprecedented chaos and complexity during the pandemic.
Challenges Ahead
- Short-term outlook is somewhat uncertain.
- Difficult economic environment.
- Resetting of supply and demand has a direct impact on available capacity and pricing.
- Shippers are prioritizing cost controls.
- Increasingly fragile global economy.
Revenue & Expenses
Visualization of income flow from segment revenue to net income