EXPD - Logistics Company Expeditors Navigates Q1 Revenue Drop And Operational Challenges: Details | Benzinga
Expeditors International Of Washington, Inc. (NYSE:EXPD) reported a first-quarter fiscal 2024 revenue decline of 15% year-over-year to $2.206 billion, missing the consensus of $2.222 billion.
Airfreight tonnage volume increased by 4%, and ocean container volume increased by 2%. EPS of $1.17, down 19% YoY, beats the consensus of $1.06.
Operating income decreased 22% to $215 million, and the margin fell 91 bps to 9.7%.
EXPD generated $256.9 million in cash flow from operations and returned $361 million to ...