EXPEDITORS INTERNATIONAL OF WASHINGTON Reports Q3 Earnings Results for FY2023

🌥️Earnings Overview

On November 7 2023, EXPEDITORS INTERNATIONAL OF WASHINGTON ($NASDAQ:EXPD) reported their earnings results for the third quarter of FY2023, ending September 30 2023. Their total revenue for the period was USD 2190.0 million, a decrease of 49.8% when compared to the same quarter in the previous year. Net income was USD 171.4 million, a decrease of 58.6% year over year.

Share Price

The stock opened at $110.9 but closed at $110.4, a 1.0% decrease from the previous closing price of $111.5. The company expressed confidence in their current financial performance, noting that they experienced strong demand and positive pricing trends over the quarter. Additionally, EXPD has made significant investments in technology and digital capabilities, allowing them to further expand their services and compete in the global logistics market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for EXPD. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for EXPD. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for EXPD. More…

Key Ratios Snapshot

Some of the financial key ratios for EXPD are shown below. More…

Analysis

GoodWhale has conducted an extensive analysis of EXPEDITORS INTERNATIONAL OF WASHINGTON’s wellbeing. According to our Star Chart, EXPEDITORS INTERNATIONAL OF WASHINGTON has a healthy score of 10/10 in terms of its cashflows and debt, indicating it is capable to pay off debt and fund future operations. In addition, EXPEDITORS INTERNATIONAL OF WASHINGTON is strong in asset, dividend, and profitability. Although its growth score is only medium, overall it is still a sound company. We have classified EXPEDITORS INTERNATIONAL OF WASHINGTON as a ‘cow’ type of company, meaning that it has the track record of paying out consistent and sustainable dividends. This makes it an ideal investment for investors who seek stability and sustainability. Such investors may include those looking to grow their wealth over time with minimal risk, retirees who require a steady income, or those looking for long-term investments with stable returns. More…

Peers

Expeditors International of Washington Inc is a leading provider of global logistics services. The company has a strong competitive advantage over its competitors due to its vast experience in the industry, its global network of offices and warehouses, and its commitment to customer service.

– Jiangsu Feiliks International Logistics Inc ($SZSE:300240)

Jiangsu Feiliks International Logistics Inc is a leading provider of logistics services in China. The company has a market cap of 2.77B as of 2022 and a return on equity of 11.39%. The company provides a full range of logistics services, including transportation, warehousing, distribution, and supply chain management. The company has a strong network of logistics facilities and partners in China and around the world.

– 2Go Group Inc ($PSE:2GO)

As of 2022, Five Below Inc has a market cap of 15.76B and a Return on Equity of 1.07%. The company operates in the discount retail industry and offers products that are priced at $5 and below. Five Below targets teenagers and young adults with its trendy and affordable merchandise, which includes items such as clothes, accessories, beauty products, and home décor. The company has over 700 stores across the United States and plans to continue expanding its reach in the coming years.

– Unique Logistics International Inc ($OTCPK:UNQL)

As of 2022, Unique Logistics International Inc has a market cap of 8.39M and a ROE of 112.57%. The company is a provider of logistics and transportation services. It offers a range of services including airfreight, oceanfreight, warehousing, and trucking. The company has a strong focus on customer service and providing a high level of service.

Summary

Expeditors International of Washington recently reported their financials for FY2023 Q3 ending September 30. Total revenue decreased by 49.8% year-over-year to USD 2190 million, and net income decreased by 58.6% to USD 171.4 million. Investors should consider the impact of this slump in performance when evaluating the company’s prospects for the future. The stock price should also be watched closely, as it could be affected by any further changes in company performance.

In addition, investors should investigate the company’s strategies and competitive position, as well as analyze its management and financial condition to make an informed decision before investing.