EXPEDITORS INTERNATIONAL OF WASHINGTON INC

Expeditors International reports significant growth in its customs brokerage activity, driven by increased complexity from tariffs, court rulings, and regulatory changes. The company's strategic investments in technology, including AI, are enhancing productivity and operating margins in customs work, supporting revenue growth. While the Middle East disruption has had a relatively minimal direct effect, it has led to higher jet fuel prices and tightened air capacity, with ocean market fuel increases passed through at cost without impacting per-container profitability. Expeditors anticipates a significant increase in customs work from ongoing refund and post-entry activities.

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.

Expeditors International of Washington, Inc. announced a semi-annual cash dividend of $0.81 per share, reflecting a 5% increase. The dividend is scheduled for payment on June 15, 2026, to shareholders of record as of June 1, 2026. The company emphasized its commitment to shareholder returns, noting nearly $2 billion returned since 2024 and a newly authorized $3 billion share repurchase program.

Expeditors International of Washington, Inc. reported strong first-quarter 2026 financial results, with diluted EPS increasing 16% to $1.71 and net earnings attributable to shareholders rising 13% to $230 million. The company achieved an 11% increase in operating income to $295 million and a 4% rise in revenues to $2.8 billion, despite significant disruption in the Middle East during the quarter. Airfreight tonnage grew 5%, and customs brokerage and other services saw double-digit revenue growth, while ocean container volume declined 4%. The company also returned $288 million to shareholders through share repurchases.