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FedEx | 10-Q: Q3 2024 Earnings Report

FedEx | 10-Q: Q3 2024 Earnings Report

联邦快递 | 10-Q:2024财年三季报
美股SEC公告 ·  03/21 16:22

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FedEx Corporation (FedEx) reported a decrease in revenue by 2% for the third quarter and 4% for the nine months of 2024 compared to the same periods in the previous year, with third-quarter revenue at $21.738 billion and nine-month revenue at $65.584 billion. The company's operating income saw an increase of 19% for the quarter and 17% for the nine-month period, with the FedEx Ground segment experiencing a 12% increase in the third quarter and a 38% increase over nine months. FedEx Freight, however, faced a 12% decrease in operating income for the quarter and an 11% decrease over nine months. Consolidated net income rose by 14% for the quarter and 17% for the nine-month period, with diluted earnings per share up by 15% and 20% respectively. The company's...Show More
FedEx Corporation (FedEx) reported a decrease in revenue by 2% for the third quarter and 4% for the nine months of 2024 compared to the same periods in the previous year, with third-quarter revenue at $21.738 billion and nine-month revenue at $65.584 billion. The company's operating income saw an increase of 19% for the quarter and 17% for the nine-month period, with the FedEx Ground segment experiencing a 12% increase in the third quarter and a 38% increase over nine months. FedEx Freight, however, faced a 12% decrease in operating income for the quarter and an 11% decrease over nine months. Consolidated net income rose by 14% for the quarter and 17% for the nine-month period, with diluted earnings per share up by 15% and 20% respectively. The company's financial performance was impacted by challenging macroeconomic conditions, including a decline in U.S. imports of consumer goods and slowed global industrial production, leading to lower package and freight volumes. Inflation and interest rates also contributed to a decline in demand for transportation services. FedEx's business development included the execution of their DRIVE program initiatives, which led to increased efficiencies and productivity, particularly in the FedEx Ground segment. The company also continued to focus on revenue quality and yield improvement. For future plans, FedEx is progressing with its Network 2.0 optimization, aiming to improve efficiency in the U.S. and Canada. The company also announced the one FedEx consolidation plan, which will integrate FedEx Express, FedEx Ground, and FedEx Services into a single company by June 2024. Despite the current economic headwinds, FedEx remains focused on aligning its cost base with demand, reducing its permanent cost structure, and increasing the flexibility of its network. The company expects to continue executing its DRIVE program initiatives and revenue quality strategy to mitigate yield pressures. Capital expenditures for 2024 are projected to be approximately $5.4 billion, a decrease from the previous year, as FedEx aims to reduce its capital intensity relative to revenue.
联邦快递公司(FedEx)报告称,2024年第三季度和九个月的营业收入与上年同期相比下降了2%和4%,第三季度营业收入为217.38亿美元,九个月营业收入为655.84亿美元。公司的营业收入第三季度增长了19%,九个月期间增长了17%,其中联邦快递地面运输部门第三季度增长了12%,九个月期间增长了38%。然而,联邦快递货运部门第三季度的营业收入面临12%的下降,九个月期间下降了11%。合并净利润第三季度同比上升14%,九个月期间上升17%,每股摊薄收益分别增长15%和20%。公司的财务业绩受到宏观经济环境的影响,包括美国消费品进口下降和全球工业生产放缓,导致包裹和货运量下降。通货膨胀和利率也推...展开全部
联邦快递公司(FedEx)报告称,2024年第三季度和九个月的营业收入与上年同期相比下降了2%和4%,第三季度营业收入为217.38亿美元,九个月营业收入为655.84亿美元。公司的营业收入第三季度增长了19%,九个月期间增长了17%,其中联邦快递地面运输部门第三季度增长了12%,九个月期间增长了38%。然而,联邦快递货运部门第三季度的营业收入面临12%的下降,九个月期间下降了11%。合并净利润第三季度同比上升14%,九个月期间上升17%,每股摊薄收益分别增长15%和20%。公司的财务业绩受到宏观经济环境的影响,包括美国消费品进口下降和全球工业生产放缓,导致包裹和货运量下降。通货膨胀和利率也推动了对运输服务的需求下降。 联邦快递的业务发展包括执行其DRIVE计划倡议,特别是在联邦快递地面运输部门,提高了效率和生产力。该公司还继续专注于营收质量和收益提升。对于未来计划,联邦快递正在推进其Network 2.0优化,旨在提高美国和加拿大的效率。该公司还宣布了一项联邦快递合并计划,将在2024年6月将联邦快递快递、联邦快递地面运输和联邦快递服务整合为一家公司。 尽管当前经济风头不利,联邦快递仍专注于使成本与需求保持一致,减少其永久性成本结构,增加其网络的灵活性。公司预计将继续执行其DRIVE计划举措和收入质量策略,以缓解收益压力。预计2024年的资本支出将约为54亿美元,较上年减少,因为联邦快递旨在降低相对于营业收入的资本密集度。
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