Quarterly ResultMay 6, 2026, 03:53 PM
Expeditors Q1 Net Earnings +13% to $229.6M; EPS $1.71
AI Summary
Expeditors International reported a 13% increase in net earnings attributable to shareholders to $229.6 million and a 16% rise in diluted EPS to $1.71 for the first quarter of 2026. Total revenues grew 4% to $2.78 billion, driven by strong performance in airfreight and customs brokerage services, which offset a significant 23% decline in ocean freight services. The company also authorized a new $3 billion share repurchase program and declared a semi-annual dividend of $0.81 per share, while noting potential impacts from a recent US Supreme Court tariff ruling and disruptions in the Middle East.
Key Highlights
- Net earnings attributable to shareholders increased 13% to $229.6 million for Q1 2026.
- Diluted earnings per share rose 16% to $1.71 in Q1 2026.
- Total revenues grew 4% to $2.78 billion for the three months ended March 31, 2026.
- Operating income increased 11% to $294.8 million in Q1 2026.
- Airfreight services revenue increased 14%, while ocean freight services revenue decreased 23%.
- Customs brokerage and other services revenue increased 17%.
- The company repurchased $288 million of common stock during Q1 2026.
- A new $3 billion share repurchase program was authorized, effective upon the current program's expiration.
- A semi-annual dividend of $0.81 per share was declared on May 4, 2026.
Price Impact
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