Fedex Corp
FDX
ISIN US31428X1063 / Valor 1039039
Fedex Corp
UMushroom community rating:
About company
FedEx Corp, under the leadership of Raj Subramaniam, is a global courier delivery services company that has positioned itself as a leader in the logistics and transportation industry. The company is renowned for its commitment to innovation, particularly in leveraging global supply chain data to spearhead digital transformation within the sector. FedEx offers a broad range of services including express parcel delivery, freight forwarding, and third-party logistics solutions, catering to a diverse clientele ranging from individual customers to large corporations. By focusing on the integration of technology and logistics, FedEx aims to enhance the efficiency and reliability of its delivery and supply chain services, thereby reinforcing its competitive edge in the global market.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (17.12.2024):
Revenue and Earnings
In the first quarter of fiscal 2025, FedEx Corp. reported consolidated revenue of $21.6 billion, consistent with the previous year's first quarter revenue of $21.7 billion. The company's operating income for the quarter was $1.08 billion on a GAAP basis and $1.21 billion on an adjusted basis. The operating margin stood at 5.0% as reported and 5.6% on an adjusted basis. Net income for the quarter was $0.79 billion, with adjusted net income reaching $0.89 billion.
Earnings Per Share
FedEx Corp. announced diluted earnings per share (EPS) of $3.21 for the first quarter of fiscal 2025, with an adjusted diluted EPS of $3.60. This compares to the previous year's first quarter diluted EPS of $4.23 and adjusted diluted EPS of $4.55. The decrease in EPS reflects challenges such as a shift in service demand and higher operating expenses.
Share Repurchase Program
During the first quarter of fiscal 2025, FedEx Corp. completed a $1 billion accelerated share repurchase transaction, resulting in the delivery of approximately 3.4 million shares. This repurchase benefited the quarter's results by $0.03 per diluted share. FedEx plans to repurchase an additional $1.5 billion of common stock during the fiscal year, aiming for a total buyback of $2.5 billion.
Fiscal 2025 Outlook
FedEx Corp. revised its fiscal 2025 earnings outlook, now expecting earnings per diluted share to range from $17.90 to $18.90 before mark-to-market retirement plans accounting adjustments. The company anticipates a low single-digit percentage revenue growth year over year. FedEx reaffirms its commitment to permanent cost reductions of $2.2 billion from its DRIVE transformation program and plans capital spending of $5.2 billion.
Operational Adjustments
FedEx Corp. successfully transitioned to a unified company structure at the start of fiscal 2025, merging FedEx Ground and FedEx Services into Federal Express. This integration aims to enhance operational efficiency and flexibility. Despite a challenging quarter, FedEx remains focused on transforming its network and improving cost efficiency through its DRIVE program initiatives.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
67115 M
Market cap (USD)
233,338
Daily traded volume (Shares)
272.51 / 268
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Markus Amstutz
EQUITIES OF THE SAME SECTOR
