Tag: FedEx Corp

FedEx Corp. reported the following consolidated results for the third quarter:
Revenue of USD7.34 billion, up 21% from USD6.06 billion the previous year, operating income of USD552 million, up 48% from USD372 million a year ago, operating margin of 7.5%, up from last year’s 6.1% and net income of USD317 million, up 53% from USD207 million the previous year. “We have solid momentum in the business and customer demand is strong,” said Frederick W. Smith, chairman, president and chief executive officer. “Economic conditions remain favorable, and we are optimistic about future growth prospects. We are executing our plans very well and our unique business strategy is paying off.” Total average daily package volume at FedEx Express and FedEx Ground combined grew more than 10% year over year for the quarter, led by double-digit growth in ground and FedEx International Priority(R) shipments. FedEx Freight average daily less-than-truckload (LTL) shipment volume increased 9%. FedEx Express, FedEx Ground and FedEx Freight each reported solid yield improvement.

FedEx Corporation today reaffirmed its previous guidance of USD 0.90 to USD 1.00 per diluted share for the third quarter ending February 28, 2005. “FedEx experienced a strong holiday season,” said Alan B. Graf Jr., executive vice president and chief financial officer. “We continue to see favorable US and global economic conditions and demand for all of our transportation services is strong.”

FedEx Corp. reported the following consolidated results for the second quarter:
revenue of USD7.33 billion, up 24% from USD5.92 billion the previous year, operating income of USD600 million, up from USD183 million a year ago operating margin of 8.2%, up from last year’s 3.1% and net income of USD354 million, up from USD91 million the previous year. “We have very strong momentum across our business segments,” said Frederick W. Smith, chairman, president and chief executive officer. “Global and U.S. economic conditions remain favorable, and businesses are replenishing inventories and investing at a healthy pace. The demand for FedEx services is strong and we are highly optimistic about our growth and profitability during the second half of our fiscal year.”

FedEx Corp. was honored today as one of the Top 10 most admired companies in the world by Fortune magazine. It is the company’s third consecutive year to finish in the Top 10 on Fortune’s “Global Most Admired” list, and follows FORTUNE’s recognition of FedEx as one of the Top-10 “America’s Most Admired” companies last week for the third consecutive year. Earlier this month, FedEx was rated seventh, its highest-ever ranking, in the Harris Interactive/ Reputation Institute’s annual corporate reputation survey published in The Wall Street Journal. FedEx is one of the only companies to rank this highly in all three reputation surveys and the only transportation company to be included in the Top 10 in all three reputation surveys.