Financial Data and Key Metrics Changes - Consolidated revenue increased by 1% year over year, with adjusted operating income growing by 8% and adjusted operating margin expanding by 60 basis points [11][12][44] - Adjusted earnings per share for FY 2025 reached $18.19, marking two consecutive years of earnings growth despite industry challenges [43] - The company returned $4.3 billion to stockholders, exceeding the previous commitment of $3.8 billion [50][52] Business Line Data and Key Metrics Changes - At Federal Express Corporation, adjusted operating income increased by $136 million, with an adjusted operating margin expansion of 70 basis points driven by DRIVE savings and increased volume [46] - FedEx Freight experienced a decline in operating income by $30 million, with operating margin decreasing by 40 basis points, although there was a sequential improvement in performance [48][32] Market Data and Key Metrics Changes - U.S. Domestic volumes showed a 6% growth across parcel services, with a notable increase in late April and May [29] - International export revenue remained flat, primarily due to tariff impacts on the Transpacific trade lane, particularly from China to the U.S. [31][34] Company Strategy and Development Direction - The company is focused on its transformation initiatives, including Network 2.0, which aims to achieve $2 billion in savings by the end of FY 2027 [60] - The strategic emphasis is on improving service quality and pricing discipline, particularly in the B2B segment, healthcare, and automotive sectors [37][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the volatile global demand environment and emphasized the importance of adapting capacity to match demand [23][54] - The company expects flat to 2% revenue growth in Q1 FY 2026, factoring in headwinds from the expiration of the U.S. Postal Service contract and trade disruptions [34][54] Other Important Information - The company has implemented a workforce reduction plan, expected to yield $150 million in annualized savings by FY 2027 [20] - A non-cash impairment charge of $21 million was recorded due to the retirement of additional aircraft as part of the fleet modernization strategy [49] Q&A Session Summary Question: Discussion on Network 2.0 savings and expectations for the year - Management confirmed an anticipated $200 million in savings from DRIVE and Network 2.0 in Q1, with a ramp-up expected throughout the year [64][67] Question: Competitive dynamics and pricing environment - Management noted improvements in the pricing environment, driven by a focus on revenue quality and execution of pricing strategies [71][74] Question: Guidance and impact of the U.S. Postal Service contract - Management explained that the $120 million headwind from the U.S. Postal Service contract will be a factor in Q1, but will not affect subsequent quarters [77][86] Question: B2B vs. consumer performance - Management indicated continued pressure on B2B volumes, while consumer volumes showed improvement, particularly in May [88][90] Question: Impact of tariffs on revenue - Management highlighted that the majority of the $170 million headwind in Q1 is related to tariff impacts, especially from the China to U.S. lane [80][82]

Core Insights - FedEx reported better-than-expected quarterly earnings and revenue, achieving its $4 billion cost-cutting goal and aiming for an additional $1 billion in the upcoming fiscal year [1][6] - Despite positive earnings, FedEx's stock dropped about 5% in after-hours trading due to current-quarter profit guidance that was slightly below Wall Street expectations [2] - The company’s fiscal fourth quarter net income was $1.65 billion, or $6.88 per share, compared to $1.47 billion, or $5.94 per share, a year earlier [4] Financial Performance - FedEx's revenue for the fiscal fourth quarter rose to $22.22 billion, up from $22.1 billion a year earlier [4] - For the full fiscal year, revenue was $87.9 billion, an increase from $87.7 billion in fiscal 2024 [5] - The U.S. daily package volume increased by 6% year over year, with U.S. ground home delivery volume specifically up 10% year over year [3] Cost Management and Future Guidance - FedEx's capital spending for fiscal 2025 was $4.1 billion, down 22% from $5.2 billion in fiscal 2024, marking the lowest capital spending as a percentage of revenue in the company's history [5] - The company achieved its DRIVE program target of $4 billion in savings by the end of fiscal 2025, with a goal of $1 billion in additional cost reductions for fiscal 2026 [6] - For the fiscal first quarter of 2026, FedEx forecasts revenue to be flat to up 2% year over year, while adjusted earnings per share are expected to be slightly under analyst estimates [7] Strategic Developments - FedEx announced plans to spin out its Freight division, expecting the tax-free spin-off to be executed within 18 months [8] - The quarterly results were released shortly after the death of FedEx's founder and executive chairman, Fred Smith [8]

Financial Performance - Net Revenue for 12M25 reached approximately BRL 7,199 million, a 4% increase compared to BRL 6,922 million in 12M24[5] - Adjusted EBITDA for 12M25 was approximately BRL 3,445 million, a 12.2% increase compared to BRL 3,070 million in 12M24[5] - Adjusted EBITDA Margin for 12M25 was 47.9%, a 3.5 percentage point increase compared to 44.4% in 12M24[5] - Net Income decreased by 62.3%, from BRL 1,476 million in 12M24 to BRL 557 million in 12M25[5] Production and Sales - TRS (Total Recoverable Sugar) Sold reached 3,353 thousand tons in 12M25, a decrease of 2% compared to 3,423 thousand tons in 12M24[5] - Sugar production costs for Own Cane were BRL 2,533 per ton[16] - For the 25/26 Harvest, 699 thousand tons of sugar are hedged at an average price of USD 19.60 c/p[18] Indebtedness - Gross Debt increased by 23.8%, from BRL 6,537 million in Mar/24 to BRL 8,089 million in Mar/25[28] - Net Debt increased by 48.6%, from BRL 3,315 million in Mar/24 to BRL 4,926 million in Mar/25[28] - Net Debt / LTM EBITDA ratio increased from 1.08x in Mar/24 to 1.43x in Mar/25[28] Guidance - The company expects a 1.8% increase in TRS Produced for 12M26, reaching 3,539 thousand tons[31] - Crushed Sugarcane is projected to be 22,600 thousand tons for 12M26, a 3.7% increase[31] - Total Capex for 12M26 is guided at BRL 2,316 million, a 15.3% decrease[34, 35]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Financial Performance - FedEx reported fourth quarter revenue of $22.2 billion, a slight increase from $22.1 billion in the same quarter last year[1]. - The company achieved an operating income of $1.79 billion, resulting in an operating margin of 8.1%, compared to 7.0% in the prior year[1]. - FedEx reported a GAAP operating income of $5,217 million with a margin of 5.9% for the full-year fiscal 2025[42]. - The non-GAAP operating income for the same period was $6,120 million, reflecting a margin of 7.0%[42]. - For the fourth quarter of fiscal 2025, FedEx's GAAP diluted earnings per share (EPS) was $6.88, while the non-GAAP EPS was $6.07[38]. - Net income for the twelve months ended May 31, 2025, was $4,092 million, a 6% decrease from $4,331 million in 2024[54]. - Diluted earnings per share for the three months ended May 31, 2025, increased by 16% to $6.88, compared to $5.94 in the same period of 2024[54]. - Operating income for the Federal Express segment increased by 22% to $1,586 million for the three months ended May 31, 2025, compared to $1,305 million in 2024[54]. - Operating margin improved to 8.4% for the three months ended May 31, 2025, compared to 6.9% in the same period of 2024[63]. Cost Management - For fiscal 2025, FedEx achieved a total of $4.0 billion in structural cost reductions, surpassing its $2.2 billion DRIVE target[8]. - The company plans to target $1 billion in cost savings from transformation programs in fiscal 2026[1]. - Business optimization costs for fiscal 2025 amounted to $756 million, contributing a 0.9% margin impact[42]. - The planned spin-off of FedEx Freight incurred costs of $38 million for the full year fiscal 2025[42]. - Asset impairment charges for fiscal 2025 totaled $21 million, with a negligible impact on margins[42]. - The international regulatory and legacy FedEx Ground legal matters incurred costs of $88 million for the full year fiscal 2025[42]. Shareholder Returns - FedEx returned $4.3 billion to stockholders through stock repurchases and dividends during fiscal 2025[11]. - The company plans to continue its robust share repurchase program and has announced a 5% increase in the annual dividend to $5.80 per share[12]. Future Outlook - FedEx forecasts a revenue growth rate of flat to 2% year over year for the first quarter of fiscal 2026[14]. - Diluted earnings per share for fiscal 2026 are projected to be between $2.90 and $3.50, excluding certain costs[14]. - Capital spending for fiscal 2026 is expected to be $4.5 billion, focusing on network optimization and efficiency improvements[14]. - The company expects first quarter fiscal 2026 diluted EPS to range from $2.90 to $3.50, with adjustments totaling $155 million[51]. Segment Performance - The FedEx Freight segment experienced a decrease in operating results due to lower fuel surcharges and increased costs[5]. - The FedEx Freight segment experienced a 4% decline in revenue for the three months ended May 31, 2025, totaling $2,297 million compared to $2,387 million in 2024[54]. - Total freight revenue decreased by 15% to $1,414 million, down from $1,654 million year-over-year[63]. - International priority package revenue decreased by 9% to $2,203 million, while international economy revenue increased by 16% to $1,448 million[63]. Revenue and Volume Metrics - Total revenue for the three months ended May 31, 2025, was $22,220 million, a 1% increase from $22,109 million in the same period of 2024[54]. - Total revenue for the three months ended May 31, 2025, was $18,977 million, a 1% increase from $18,792 million in the same period of 2024[63]. - U.S. domestic package revenue increased by 4% to $12,580 million, compared to $12,062 million in the prior year[63]. - Average daily package volume (ADV) for U.S. priority increased by 2% to 1,644, while U.S. deferred rose by 9% to 1,063[65]. - Revenue per package for U.S. priority increased by 1% to $25.85, while international priority yield rose by 11% to $61.33[65].

智通财经6月25日电，联邦快递第四财季调整后运营利润20.2亿美元，分析师预期19.1亿美元；由于全球 需求不确定的缘故，公司暂时不提供全年利润指引；公司预计第一财季调整后EPS为3.4-4美元，分析师 预期4.03美元。 联邦快递第四财季调整后运营利润20.2亿美元 高于市场预期 ...

FedEx is set to post its final earnings report of its fiscal 2025 after the market closes on Tuesday, with traders expecting a sizable move from the shipping giant's stock. https://t.co/4TUukho1vN ...

Core Insights - FedEx is set to report its fiscal fourth quarter results, providing insights into the transportation industry's delivery services amid tariff-related challenges [1][3] - The company is actively assisting customers with international logistics to navigate the evolving tariff landscape [2] FedEx's Q4 Expectations & Outlook - FedEx's Q4 sales are expected to decline by over 1% to $21.73 billion from $22.11 billion in the same quarter last year, while earnings per share (EPS) are projected to rise by 9% to $5.93 from $5.41 [3] - For fiscal year 2025, total sales are anticipated to decrease slightly by less than 0.5% to $87.44 billion, with a rebound projected for FY26, increasing by 2% to $89.41 billion [4] Performance and Earnings History - FedEx has missed sales estimates in three of the last four quarters and earnings expectations in two of the last four quarters, with an average EPS surprise of -5.79% [5] - The reported EPS for the last four quarters were 4.51, 4.05, 3.60, and 5.41, compared to estimates of 4.65, 3.90, 4.82, and 5.34 respectively [5] Stock Performance and Valuation - Year-to-date, FedEx stock has fallen nearly 20%, underperforming the broader market and trailing competitors like GXO Logistics, which has gained 12% [6] - FedEx is trading at a forward earnings multiple of 11.5X, significantly lower than the S&P 500's 23X and also below UPS's 14X and GXO Logistics' 19X [7] Dividend Appeal - FedEx offers a 2.44% annual dividend yield, which, while lower than UPS's 6.61%, exceeds the S&P 500's average of 1.25% [9] - The company has demonstrated a strong annualized dividend growth rate of 21.96% over the past five years, with a payout ratio of 31%, indicating potential for future increases [9] Current Market Position - Ahead of its Q4 results, FedEx holds a Zacks Rank 3 (Hold), suggesting that while it presents value, investors may want to wait for confirmation of overcoming tariff-related challenges [12]

Core Viewpoint - Fred Smith, the founder of FedEx, emphasized the importance of free trade as a means for the U.S. to achieve wealth while allowing global prosperity, criticizing the neglect of U.S. industry in favor of financial and tech sectors [1] Group 1 - Smith's belief that free trade has made the U.S. the only global power to get rich while enabling global prosperity [1] - Criticism of U.S. administrations for prioritizing financial and tech sectors over industrial growth, leading to increased populism [1] - The perception of global trade as a villain due to the neglect of U.S. industry [1]

Core Viewpoint - FedEx Corporation is set to report its fourth-quarter financial results, which are anticipated to reflect the overall performance of the logistics and transportation sector, with analysts expecting a revenue decline compared to the previous year [1]. Earnings Estimates - Analysts predict FedEx will report fourth-quarter revenue of $21.84 billion, a decrease from $22.1 billion in the same quarter last year [1]. - Expected earnings per share (EPS) for the fourth quarter is $5.87, an increase from $5.41 in the previous year [2]. Recent Performance - FedEx has beaten revenue estimates in the last two quarters but has missed EPS estimates in three consecutive quarters [2]. - The company has missed overall EPS estimates in seven of the last ten quarters [2]. Market Sentiment - Investors are closely monitoring FedEx due to its previous earnings shortfalls and weak guidance, which led to a significant drop in share prices [3]. - Concerns regarding the loss of a USPS contract and tariffs affecting global shipping volumes have contributed to a negative outlook [4]. Strategic Initiatives - FedEx is implementing cost-cutting measures and segment spinoffs to improve its financial performance [4]. - Analysts are cautious about the impact of business-to-business (B2B) volumes and tariffs on the company's recovery [5]. Key Items to Watch - A double beat in revenue and EPS could boost investor confidence, as the company has struggled to meet estimates recently [6]. - Forward guidance will be crucial, with previous expectations indicating flat or slightly declining revenue for 2025 [8]. Competitive Landscape - FedEx's performance may influence United Parcel Service (UPS), which has had mixed results in recent quarters [7]. - UPS is set to report its second-quarter results, with FedEx's report potentially serving as a catalyst for UPS shareholders [7]. Stock Performance - FedEx shares are currently trading at $226.20, down 17.5% year-to-date and 11.8% over the last year [10]. - UPS shares have also declined, down 19.9% year-to-date and 28.4% over the last year [10].