Q4 2025 Earnings Presentation 2024 INVESTOR DAY January 28, 2026 Safe Harbor Statement Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience or our present expectations, including, but ...

4Q 2025 Executive Summary Frank Lonegro Chief Executive Officer 4 Slide header CEO Perspective R E S U L T S Dollars in Millions (except per share amounts) | Metric | | 4Q 2025 | | 4Q 2024 | Chg. | | --- | --- | --- | --- | --- | --- | | Revenue | $ | 1,174.5 | $ | 1,209.3 | (2.9%) | | Operating Income | $ | 29.6 | $ | 57.8 | (48.8%) | | Earnings per Share | $ | 0.70 | $ | 1.31 | (46.6%) | H I G H L I G H T S 4Q revenue performance Strong performance in our services hauled by unsided/platform equipment Over ...

Core Insights - American Eagle Outfitters (AEO) is discontinuing its third-party logistics operations by shutting down its Quiet Logistics division, which was acquired for approximately $360 million over four years ago [1][2]. Group 1: Acquisition and Operations - The acquisition aimed to bring AEO's supply chain in-house, allowing for next-day and same-day delivery for its brands and third-party merchants [2]. - AEO had previously acquired AirTerra to enhance its delivery and fulfillment capabilities, which were integrated into the Quiet Logistics business [2]. Group 2: Future Plans and Impact - The company plans to cease Quiet services for third-party customers in the coming months and will close fulfillment centers in Boston and Dallas by the first half of 2026, while keeping the Atlanta center operational for AEO's distribution needs [3]. - AEO's spokesperson indicated that this strategic decision will allow the company to focus on growth and its portfolio of lifestyle brands, while also assisting current customers in transitioning to new providers [4]. Group 3: Initial Success and Challenges - The collaboration initially provided promising services, including a national delivery network and a universal delivery label for shipping across 40 carrier networks [5]. - Despite early successes, the strategic shift indicates challenges in maintaining the logistics operations as initially envisioned [4].

Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] Investment Focus - The company has diversified its investments across various sectors including banking, telecommunications, logistics, and hotels, indicating a strategic approach to portfolio management [1] - The entry into the US market in 2020 reflects a growing interest in international investments, particularly in sectors like banks, hotels, and logistics [1] Market Trends - The popularity of insurance companies in the Philippines since 2014 suggests a shift in investment preferences among local investors, moving towards more diversified financial products [1] - The trend of using platforms like Seeking Alpha for analysis indicates a growing reliance on data-driven insights for investment decisions in both the ASEAN and US markets [1]

The world is collapsing and its never coming back.NEW - Amazon axes 16,000 corporate jobs in an operation called "Project Dawn," as it pushes AI and efficiency.NEW - UPS says it is cutting up to 30,000 additional jobs in 2026, because it expects to deliver fewer packages for AmazonCascading destruction. ...

Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] Investment Focus - The company has diversified its investments across various sectors including banking, telecommunications, logistics, and hotels, indicating a strategic approach to portfolio management [1] - The entry into the US market in 2020 reflects a growing interest in international investment opportunities, particularly in sectors like banks, hotels, and shipping [1] Market Trends - The popularity of insurance companies in the Philippines since 2014 suggests a shift in investment preferences among local investors, moving towards more diversified financial products [1] - The trend of using platforms like Seeking Alpha for analysis indicates a growing reliance on data-driven insights for investment decisions in both the ASEAN and US markets [1]

A rich union contract has pushed UPS to cut its workforce and reconfigure its business, something the Teamsters should keep in mind, @tomwblack says (via @opinion) https://t.co/B0VlsSNXXe ...

Core Viewpoint - FedEx Corp. has announced a private offering of senior notes totaling $4.7 billion with varying interest rates and maturities [1] Group 1: Offering Details - FedEx Freight Holding Company, Inc. has priced a private offering of $1,000,000,000 aggregate principal amount of 4.300% senior notes due 2029 [1] - The company has also priced $1,000,000,000 aggregate principal amount of 4.650% senior notes due 2031 [1] - Additionally, $700,000,000 aggregate principal amount of 4.950% senior notes due 2033 has been priced [1] - Lastly, $1,000,000,000 aggregate principal amount of 5.250% senior notes has been included in the offering [1]

Core Insights - United Parcel Service, Inc. (UPS) reported strong fourth-quarter 2025 results, with earnings and revenues exceeding the Zacks Consensus Estimate [1][10] - Quarterly earnings per share (EPS) of $2.38 surpassed the estimate of $2.22 but represented a 13.5% decline year over year [1][10] - Revenues reached $24.4 billion, exceeding the estimate of $24 billion, but decreased by 3.3% year over year [1][10] Q4 Earnings Summary - U.S. Domestic Package revenues were $16.8 billion, down 3.2% year over year, attributed to a decline in volume, while revenue per piece increased by 8.3% [3] - The segment's adjusted operating profit fell 2.7% year over year to $1.71 billion, with an adjusted operating margin of 10.2% [3] - International Package revenues totaled $5.05 billion, up 2.5% year over year, driven by a 7.1% increase in revenue per piece, although adjusted operating profit decreased by 14.5% to $908 million [4] - Supply Chain Solutions revenues were $2.67 billion, down 12.7% year over year, with an adjusted operating profit of $276 million, reflecting a 2.8% decline [5] 2026 Outlook - Management provided optimistic guidance for full-year 2026, projecting revenues of approximately $89.7 billion, surpassing the Zacks Consensus Estimate of $87.9 billion and the 2025 figure of $88.7 billion [2][6] - Estimated capital expenditures for 2026 are around $3 billion, with expected dividend payments of approximately $5.4 billion, pending board approval [6]

Core Viewpoint - American Eagle Outfitters (AEO) is shutting down its logistics subsidiary, Quiet Logistics, raising concerns about the sustainability of the supply chain-as-a-service model for retailers [1][2][3] Company Summary - AEO is winding down Quiet Logistics, which was acquired for $360 million in 2021, to focus on its core retail business and growth [2][3] - The decision to close Quiet Logistics will be implemented over the next several months, with AEO assisting current customers in transitioning to new providers [3] - Quiet Logistics has previously served notable clients such as luxury brand Perfect Moment and Baggu [3] Industry Insights - Experts suggest that AEO's move reflects a broader trend where retailers are realizing the challenges of monetizing their supply chains while managing their own fulfillment needs [4][5] - The closure of Quiet Logistics follows a previous facility shutdown in St. Louis, indicating potential operational difficulties [4] - The logistics market is pushing companies to focus on their own volume rather than serving third-party brands, as highlighted by industry commentary [5]