$FDX (FedEx Corporation)

$FDX {{ '2015-12-18T20:02:36+0000' | timeago}} • SEC

$FDX's effective tax rate was 34.5% for 2Q16 vs. 36.6% last year. The tax rates fell primarily due to the resolution of a state income tax matter during 2Q16. For 2016, $FDX expects an effective tax rate of approx. 36% prior to any year-end mark-to-market accounting adjustment for defined benefit pension and postretirement healthcare plans.

$FDX {{ '2018-01-16T15:39:51+0000' | timeago}} • Announcement

$FDX said the FedEx Supply Chain results, currently reported in the FedEx Ground segment, and FedEx Custom Critical results, currently reported in the FedEx Freight segment, will be reported with FedEx Trade Networks in the FedEx Express segment effective March 1, 2018.

$FDX {{ '2018-01-16T15:39:37+0000' | timeago}} • Announcement

$FDX said the elements of its new FTN organization are FedEx Custom Critical, FedEx Cross Border, FedEx Supply Chain, FedEx Trade Networks Transport & Brokerage and a new company called FedEx Forward Depots with responsibility for Critical Inventory and Service Parts Logistics, 3-D Printing, Repair Center and the FedEx Packaging Lab.

$FDX {{ '2018-01-16T15:39:22+0000' | timeago}} • Announcement

$FDX announced the realignment, beginning March 1, 2018, of its specialty logistics and e-commerce solutions in a new organizational structure under FedEx Trade Networks, Inc. (FTN), led by FTN CEO Richard W. Smith.

$FDX {{ '2017-12-20T19:43:46+0000' | timeago}} • Webcast

$FDX said its investments in capacity and automation over the last several years have enabled its service, which is a key factor in growth. The company plans to dial back network expansion CapEx as it completes critical capacity projects which are underway. $FDX believes it can do this while effectively serving the growing e-commerce markets.

$FDX {{ '2017-12-20T19:18:00+0000' | timeago}} • Webcast

If the Tax Cuts and Jobs Act is enacted, $FDX estimates its EPS could increase by $4.40 to $5.50 for FY18 before mark-to-market year end pension accounting adjustments, primarily due to the revaluation of net deferred tax liabilities. This includes an estimated $0.85-1 per diluted share due to a lower tax rate on FY18 earnings.

$FDX {{ '2017-12-20T19:17:27+0000' | timeago}} • Webcast

$FDX is implementing various cost reductions at Ground for the remainder of FY18. The company expects ongoing but diminishing financial impacts from the cyberattack in 2H18 in the form of lower revenues. The TNT integration continues, spanning over 200 countries. $FDX expects integration expense of approx. $450MM in FY18.

$FDX {{ '2017-12-19T22:33:03+0000' | timeago}} • Announcement

During 2Q18, $FDX posted revenues of $9.35Bil in the FedEx Express segment, up 8% compared to 2Q17. Revenues in the FedEx Ground segment rose 12% to $4.93Bil. In FedEx Freight, revenues grew 10% to $1.76Bil from last year.

$FDX {{ '2017-12-19T22:24:19+0000' | timeago}} • Announcement

$FDX expects diluted EPS, before year-end MTM pension accounting adjustments, to be $11.45-12.05 for FY18. FY18 diluted EPS before year-end MTM pension accounting adjustments and excluding expenses related to TNT Express integration and certain 1Q18 FedEx Trade Networks legal matters is expected to be $12.70-13.30.

$FDX {{ '2017-12-19T22:20:04+0000' | timeago}} • Announcement

$FDX reported an 11% increase in 2Q18 earnings. Net income was $775MM or $2.84 per share compared to $700MM or $2.59 per share in 2Q17. Adjusted net income was $866MM or $3.18 per share in 2Q18. Total revenues rose 9% to $16.3Bil from last year.

$FDX {{ '2017-12-19T22:00:26+0000' | timeago}} • Infographic

$FDX FedEx Corporation Earnings AlphaGraphic: Q2 2018 Highlights

$TXT {{ '2017-11-28T12:37:21+0000' | timeago}} • Announcement

$TXT company Textron Aviation has signed FedEx Express, a unit of $FDX, as launch customer for its new Cessna SkyCourier 408 cargo plane. FedEx, a long-time customer of Textron, will be purchasing 100 units, with an initial fleet order of 50 units and options for 50 more. The twin-engine, high-wing aircraft is expected to begin operation by 2020.

$FDX {{ '2017-11-06T18:38:06+0000' | timeago}} • Announcement

$FDX said its package pickup and drop-off services are now available at more than 7,500 $WBA locations in all 50 US states. The Walgreens rollout is part of the nationwide expansion of FedEx OnSite, a network of retail locations offering FedEx pick up and drop off services, including the ability to hold packages for up to five business days.

$FDX {{ '2017-09-20T15:59:00+0000' | timeago}} • Webcast

$FDX believes there is significant potential for growth for FedEx Fulfillment services. FedEx Fulfillment is best suited for companies who manage about 50 to 2,000 orders per day. It gives companies an opportunity to focus on their core business while $FDX manages warehouse and fulfillment inventory, transportation and logistics.

$FDX {{ '2017-09-20T15:46:10+0000' | timeago}} • Webcast

For $FDX’s US Domestic Express business, yield per package excluding fuel surcharge increased 4% in 1Q18, due to a continued focus on revenue quality. FedEx International Export Package revenue rose 4% YoY despite being negatively impacted by the TNT cyberattack. At FedEx Freight, revenue per LTL shipment grew 5%, driven by revenue quality efforts.

$FDX {{ '2017-09-20T15:29:26+0000' | timeago}} • Webcast

In 1Q18, $FDX’s TNT Express operations were affected by the NotPetya cyberattack. Although most services resumed and substantially all critical operational systems have been restored, TNT Express volume, revenue and profit are below previous levels. For FY18, $FDX expects lower revenues and higher investments to strengthen its IT infrastructure.

$FDX {{ '2017-09-20T15:25:27+0000' | timeago}} • Webcast

During 1Q18, $FDX moved to one reporting segment for its FedEx Express and TNT Express businesses, the FedEx Express segment. The company estimates the cyberattack reduced FedEx Express’ 1Q18 operating income by approx. $300MM or $0.79 per diluted share.

$FDX {{ '2017-09-19T21:47:34+0000' | timeago}} • Infographic

$FDX FedEx Corporation Earnings AlphaGraphic: Q1 2018 Highlights

$FDX {{ '2017-09-19T20:58:39+0000' | timeago}} • Announcement

$FDX expects EPS before year-end MTM pension accounting adjustments and excluding expenses related to TNT Express integration and certain 1Q18 FedEx Trade Networks legal matters to be $12.00-12.80 for FY18.

$FDX {{ '2017-09-19T20:58:18+0000' | timeago}} • Announcement

$FDX is lowering its FY18 forecast due to the estimated full-year impacts of the TNT Express cyberattack. Before year-end MTM pension accounting adjustments, EPS is projected to be $11.05-11.85. The capital spending forecast for FY18 remains $5.9Bil.

$FDX {{ '2017-09-19T20:51:50+0000' | timeago}} • Announcement

During 1Q18, $FDX reported revenue of $15.3Bil compared to $14.7Bil in 1Q17. Financial results benefited from higher base rates at each of the transportation segments, which was more than offset by reduced revenue and increased expenses resulting from the TNT Express cyberattack and Hurricane Harvey, among others.

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