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Expeditors Announces Semi-Annual Cash Dividend of $0.77
Businesswire· 2025-11-04 21:15
Core Viewpoint - Expeditors International of Washington, Inc. has declared a semi-annual cash dividend of $0.77 per share, payable on December 15, 2025, to shareholders of record as of December 1, 2025 [1] Financial Performance - For the third quarter of 2025, diluted net earnings attributable to shareholders per share (EPS) increased by 1% to $1.64, while net earnings attributable to shareholders decreased by 3% to $222 million [6] - Operating income for the third quarter of 2025 decreased by 4% to $288 million, and revenues also decreased by 4% to $2.9 billion [6] - In contrast, airfreight tonnage increased by 4% during the same period [6] - For the second quarter of 2025, EPS increased by 8% to $1.34, with net earnings attributable to shareholders rising by 5% to $184 million [8] - Operating income for the second quarter increased by 11% to $248 million, and revenues increased by 9% to $2.7 billion [8] Company Overview - Expeditors is a global logistics company headquartered in Bellevue, Washington, employing trained professionals across 172 district offices and various branch locations on six continents [2] - The company offers a range of services including air and ocean freight consolidation, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing, distribution, and customized logistics solutions [2] Leadership Changes - David A. Hackett has been appointed as Senior Vice President and Chief Financial Officer, effective October 1, 2025, following the retirement of the current CFO, Bradley S. Powell [7]