FedEx Q2 2021 Earnings Report
Key Takeaways
FedEx Corp. reported strong second-quarter results with revenue of $20.6 billion and diluted EPS of $4.55. The results reflect the strength of the global express network and e-commerce capabilities, driven by volume growth in FedEx International Priority and U.S. domestic residential package services.
Revenue increased to $20.6 billion from $17.3 billion year over year.
Operating income rose to $1.47 billion from $554 million year over year.
Net income increased to $1.23 billion from $560 million year over year.
Diluted EPS increased to $4.55 from $2.13 year over year.
FedEx
FedEx
Forward Guidance
FedEx is not providing an earnings forecast for fiscal 2021, but expects earnings growth in the second half of fiscal 2021 driven by the anticipated heightened demand for services.
Positive Outlook
- Anticipated heightened demand for services
- Benefits of investments across the business
- Continued execution on strategic priorities
- Expected earnings growth in the second half of fiscal 2021
- Strategic priorities
Challenges Ahead
- Overall environment remains uncertain
- Negative impacts of the COVID-19 pandemic
- Economic conditions in the global markets
- Changes in international trade policies
- Intense competition