Expeditors Announces New Share Repurchase Program

Core Viewpoint - Expeditors International of Washington, Inc. has announced a new share repurchase program allowing for the repurchase of up to $3 billion of its common stock, effective upon the expiration of the current authorization [1] Group 1: Share Repurchase Program - The new share repurchase program was authorized by the Board of Directors on February 23, 2026 [1] - The current authorization allows the company to repurchase outstanding shares down to 130 million, which was approved on February 19, 2024 [1] - The company aims to return excess cash to shareholders through dividends and share repurchases, highlighting its capital-efficient business model and significant operating cash flows [1] Group 2: Financial Performance - The company reported a third quarter 2025 EPS of $1.64, which is a 1% increase compared to the same quarter in 2024 [1] - Net earnings attributable to shareholders decreased by 3% to $222 million, while operating income and revenues both decreased by 4% to $288 million and $2.9 billion, respectively [1] - Airfreight tonnage increased by 4%, indicating growth in that segment despite overall revenue decline [1] Group 3: Company Overview - Expeditors is a global logistics company headquartered in Bellevue, Washington, employing trained professionals in 172 district offices across six continents [1] - The company provides a range of services including air and ocean freight consolidation, customs brokerage, cargo insurance, and customized logistics solutions [1]