Expeditors
🇺🇸 NYSE:EXPD
•
Dec 31, 2024
Expeditors Q4 2024 Earnings Report
Expeditors reported strong financial performance in Q4 2024 with significant revenue and earnings growth.
Key Takeaways
Expeditors International of Washington, Inc. reported a 30% year-over-year revenue increase to $2.95 billion in Q4 2024. Net income grew 49% to $236 million, while operating income surged 51% to $301 million. EPS rose 54% to $1.68. Strong demand in Asia and e-commerce-driven airfreight helped drive performance.
Revenue increased 30% year-over-year to $2.95 billion.
Net income grew 49% to $236 million.
Operating income surged 51% to $301 million.
EPS increased 54% to $1.68.
Expeditors Revenue
Expeditors EPS
Expeditors Revenue by Segment
Expeditors Revenue by Geographic Location
Forward Guidance
Expeditors remains cautious about future demand due to geopolitical risks and regulatory changes but expects continued opportunities in freight forwarding.
Positive Outlook
- Strong demand for e-commerce and technology-related logistics.
- Airfreight demand remains robust despite volatile conditions.
- Increased customs activity supports revenue growth.
- Company remains flexible in navigating disruptions.
- Operational efficiency remains above 30% target.
Challenges Ahead
- Geopolitical uncertainties impacting ocean transit routes.
- Potential changes in U.S. de minimis regulations.
- Continued inflationary pressures on transportation costs.
- Limited visibility into air and ocean capacity trends.
- Disruptions in Red Sea affecting supply chains.
Revenue & Expenses
Visualization of income flow from segment revenue to net income