Latest news with #ExpeditorsInternational
Yahoo
11-05-2025
- Business
- Yahoo
Expeditors International of Washington (NYSE:EXPD) Will Pay A Larger Dividend Than Last Year At $0.77
Expeditors International of Washington, Inc. (NYSE:EXPD) will increase its dividend from last year's comparable payment on the 16th of June to $0.77. Although the dividend is now higher, the yield is only 1.4%, which is below the industry average. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While yield is important, another factor to consider about a company's dividend is whether the current payout levels are feasible. However, prior to this announcement, Expeditors International of Washington's dividend was comfortably covered by both cash flow and earnings. As a result, a large proportion of what it earned was being reinvested back into the business. Over the next year, EPS is forecast to expand by 2.5%. Assuming the dividend continues along recent trends, we think the payout ratio could be 26% by next year, which is in a pretty sustainable range. View our latest analysis for Expeditors International of Washington The company has a sustained record of paying dividends with very little fluctuation. The annual payment during the last 10 years was $0.64 in 2015, and the most recent fiscal year payment was $1.54. This means that it has been growing its distributions at 9.2% per annum over that time. Dividends have grown at a reasonable rate over this period, and without any major cuts in the payment over time, we think this is an attractive combination as it provides a nice boost to shareholder returns. Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Expeditors International of Washington has impressed us by growing EPS at 13% per year over the past five years. A low payout ratio and decent growth suggests that the company is reinvesting well, and it also has plenty of room to increase the dividend over time. Overall, a dividend increase is always good, and we think that Expeditors International of Washington is a strong income stock thanks to its track record and growing earnings. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. All of these factors considered, we think this has solid potential as a dividend stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've picked out 1 warning sign for Expeditors International of Washington that investors should know about before committing capital to this stock. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
06-05-2025
- Business
- Yahoo
Market chaos boosts Expeditors; all key indicators post solid Q1 gains
Expeditors International may end up being a rare transportation company that found the chaos of the first quarter beneficial. All of the key financial indicators for Expeditors were solidly higher. The formula for its better bottom-line performance: Revenues were up 21%, the cost of purchased transportation and related expenses was up more at 24%, but salaries and other operating expenses rose just 12%. That led to an increase in operating income of 24%, to $265.9 million from $214.8 million a year earlier. Net earnings were up 20%, to $203.8 million from $169.2 million. Net income per diluted share rose to $1.47 from $1.17 a year earlier. According to SeekingAlpha, the performance beat consensus forecasts. The $1.47-per-share net income was 12 cents better than the consensus. Revenue of $2.67 billion was $130 million more than forecast. Head count increased to 19,203 from 18,403, a jump of 4.3%. In the company's prepared statement accompanying its earnings, CFO Bradley Powell said, 'We were again careful not to increase headcount ahead of our ability to grow tonnage and volumes and increase profitability.' First stock market reaction: down Despite beating the consensus forecasts, Expeditors stock was down about 3.6% in the first half-hour of trading Tuesday. Its stock is down about 9.2% in the past year. Expeditors (NYSE: EXPD) does not hold an earnings call with analysts. The tonnage moved by Expeditors showed significant gains year over year, possibly as a result of 'pull-forward' imports to get in front of tariffs. The largest jump was for airfreight in March, which was up 15% year over year from the first quarter of 2024. Ocean freight in January was the second-largest increase, up 10% from 2024's corresponding quarter. Every other year-on-year gain for both airfreight and ocean freight was between 5% and 8%. The overall increase for the quarter was 9% for airfreight and 8% for ocean freight. A frenzy In its prepared earnings statement, CEO and President Daniel Wall said current conditions, which he described as a 'frenzied landscape of tariffs, threats of tariffs, shifting geopolitics, and other disruptions,' were the types of conditions that Expeditors often has found positive for its business in the past. But he added, 'I am not sure any of us have ever seen anything like the non-stop, rapidly shifting rules and regulations that have impacted our industry in recent days.' Wall highlighted some of the features of the markets Expeditors worked in during the quarter. 'Airfreight increased on higher buy and sell rates and growth in tonnage from strong demand, primarily in technology, as importers front-loaded shipments in anticipation of higher trade tariffs,' Wall said. 'Air capacity remained tight due to e‑commerce export demand from North Asia and ongoing re-sourcing to South Asia and India.'
Trade Arabia
21-04-2025
- Business
- Trade Arabia
US group Expeditors opens new 23,200 sq m facility at Dubai South
Expeditors International of Washington, a Fortune 500 global logistics company, has inaugurated its new facility at the Logistics District within Dubai South, a key single-urban master development focusing on aviation, logistics and real estate. Headquartered in Bellevue, Expeditors employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Its services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution, and customized logistics solutions. Spanning approximately 23,200 sq m, the facility is designed to provide comprehensive warehousing and fulfilment services, including container freight station operations. Additional offerings include inventory management, kitting, labelling, order management, compliance inspections, return programs, transportation management, pick-and-pack services, and quality control inspections. The official opening ceremony was attended by senior leadership from both organizations, including Mohsen Ahmad, Chief Executive Officer of the Logistics District, Dubai South; and from Expeditors, Wael Hanna, District Manager, Dubai, K Murali, Senior Vice President, Middle East, Africa & Indian Subcontinent; and Mathew Joseph, Regional Vice President, Middle East and North Africa. Speaking on the occasion, Ahmad said: "We are delighted to inaugurate Expeditors' new facility, which will deliver innovative logistics solutions to meet the region's growing demand for advanced supply chain services." "At Dubai South, our mandate is to support the government's vision of positioning Dubai as one of the world's leading logistics hubs," he stated. Hanna said: "We first opened in Dubai more than 25 years ago. Today, we are excited to open this new state-of-the-art facility which is emblematic of our unwavering commitment to meeting the growing demands of our customers while enhancing operational efficiency." Dubai South's Logistics District comprises multiple zones, which have direct access to the cargo terminals at Al Maktoum International Airport; EZDubai, a fully dedicated e-commerce free zone; and a Contract Logistics Zone.
Yahoo
19-02-2025
- Business
- Yahoo
Strong quarter for Expeditors as disruptions and uncertainty led to a volume increase
Expeditors International had a strong fourth quarter across the board, with both revenue and profits beating analyst estimates. Revenue of $2.95 billion was up 30% from the corresponding quarter of 2023. Operating income was up 51% and net earnings rose 49%. Both figures topped analysts' projections, according to SeekingAlpha, with the GAAP earnings per share of $2.68 beating consensus forecasts by 24 cents a share and revenue topping forecasts by $190 million. Expeditors (NASDAQ: EXPD) is a 3PL that purchases and resells oceangoing and air capacity. It does not conduct an earnings call with analysts. In the earnings statement, CEO and President Jeffrey Musser cited several reasons for the strong performance. He said Expeditors had 'moved more air tonnage than we have since Q4 2021. Strong demand out of Asia drove rate increases and segment growth in both the quarter and during the second half of 2024.' Expeditors does not break down the overall increase in tonnage year on year with specific numbers. For the quarter, airfreight volumes measured in kilograms were up 11% year over year, and ocean freight measured in forty-foot equivalent units rose 14%. November was particularly strong for ocean volume at Expeditors, rising 18%. As a company heavily involved in cross-ocean commerce via ship and air, Expeditors saw 'disruption-driven ocean demand' that both increased rates and tightened capacity, spurring growth, Musser said. The disruptions he cited include the diversions away from the Red Sea. That was a positive for Expeditors. 'Strong demand generally for ocean transportation combined with longer transit times and capacity issues caused by the disruptions in the Red Sea resulted in significant increases in overall average buy and sell rates and growth in volumes,' Musser said in the company's prepared statement. Given what Expeditors does, it's at the center of whatever changes may occur in international trade as tariff wars intensify. But Musser said Expeditors has 'limited visibility going forward.' 'It is extremely difficult to predict the impact to global air supply and demand that may result from actions such as the anticipated U.S. elimination of certain de minimis exemptions,' he said, a reference to the trade policy, now under fire, that blocks any sort of duty payments for shipments under $800 in value. 'Geopolitical words and action are driving disruption at a faster pace than we can ever recall, and national policies regarding tariffs and other similar measures are highly unclear in many countries around the globe.' But Musser boasted that Expeditors is 'at our finest during chaotic times like these.' That chaos, however, might have been a reason for the lackluster performance of Expeditors stock. In the past three months, it is down approximately 5%, and it is down about 7.9% in the past year. But it is up about 3.6% in the past month. Market reaction to the stronger-than-expected earnings was muted. Expeditors stock soon after the market opened on Tuesday was up about 0.25%. Unlike many 3PLs that have been cutting jobs, Expeditors at the end of the fourth quarter had more employees than a year earlier, rising to 18,917 from 18,452. In the company's earnings statement, CFO Gregory Powell said that 'given the growth in air and ocean shipments, increased customs declarations and other business activity, we carefully added headcount in certain important areas during the quarter.' More articles by John Kingston XPO lawsuit against 2 ex-employees gives look into noncompete agreements Manhattan Associates' sudden C-suite change not what it seemed, executives say Missouri truck company owner gets 9 years for PPP fraud, other felonies The post Strong quarter for Expeditors as disruptions and uncertainty led to a volume increase appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
Expeditors International of Washington Full Year 2024 Earnings: Beats Expectations
Revenue: US$10.6b (up 14% from FY 2023). Net income: US$810.1m (up 7.6% from FY 2023). Profit margin: 7.6% (down from 8.1% in FY 2023). The decrease in margin was driven by higher expenses. EPS: US$5.75 (up from US$5.05 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Logistics industry in the US. Performance of the American Logistics industry. The company's shares are up 5.0% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Expeditors International of Washington's balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
