Q1 2025 Quarterly Earnings Release

Expeditors International

Not a standard earnings call · Earnings release only

Expeditors International publishes quarterly earnings releases as SEC 8-K filings instead of holding traditional earnings calls with analyst Q&A. Tellvest's coverage comes from these EX-99.1 exhibits containing CEO and CFO commentary.

EX99.1

expd-ex99_1.htm

EX99.1

Exhibit 99.1

EARNINGS RELEASE

Expeditors International of Washington, Inc.

Sterling Plaza 2, 3rd Floor

3545 Factoria Blvd. SE

Bellevue, Washington 98006

CONTACTS

Daniel R. Wall

Bradley S. Powell

Geoffrey Buscher

President and Chief Executive Officer

Senior Vice President and Chief Financial Officer

DirectorInvestor Relations

(206) 674-3455

(206) 674-3412

(206) 892-4510

FOR IMMEDIATE RELEASE

EXPEDITORS REPORTS FIRST QUARTER 2025 EPS OF $1.47

BELLEVUE, WASHINGTON - May 6, 2025, Expeditors International of Washington, Inc. (NYSE:EXPD) today announced first quarter 2025 financial results including the following comparisons to the same quarter of 2024:

- Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 26% to $1.47

- Net Earnings Attributable to Shareholders increased 20% to $204 million

- Operating Income increased 24% to $266 million

- Revenues increased 21% to $2.7 billion

- Airfreight tonnage increased 9% and ocean container volume increased 8%

"We continue to pull the right levers to grow all of our businesses with current customers as well as new ones," said Daniel R. Wall, President and Chief Executive Officer. "We grew air tonnage and ocean volumes year-over-year as all of our teams across our global network performed their best in a very difficult market. I especially want to thank our brokerage teams for maximizing their efforts and all of their additional work to address the frenzied landscape of tariffs, threats of tariffs, shifting geopolitics, and other disruptions that have had shippers around the world rapidly re-evaluating the risks to their supply chains. While we often have performed well when the marketplace is most unpredictable, I am not sure any of us have ever seen anything like the non-stop, rapidly shifting rules and regulations that have impacted our industry in recent days. We believe we are staffed with the right talent in the right locations to help our customers function and navigate this chaotic trade environment. Customers often turn to us for our cross-border expertise and we have held hundreds of near-daily industry update sessions with thousands of participants to keep current and potential customers abreast of the latest regulatory changes and solutions to get their freight where it needs to be.

"Compared to a year ago, airfreight increased on higher buy and sell rates and growth in tonnage from strong demand, primarily in technology, as importers front-loaded shipments in anticipation of higher trade tariffs. Air capacity remained tight due to e‑commerce export demand from North Asia and ongoing re-sourcing to South Asia and India. Our ocean business favorably compares to the first quarter a year ago and grew in strength on higher volumes and rates as importers also front-loaded shipments, as well as extended transit times because of the continuing conflict in the Red Sea. Our customs and other businesses increased on growth in customs clearances and additional ancillary services from increased shipments, as well as increased road freight volumes, and growth in new business in warehousing and distribution, principally in North America.

1Diluted earnings attributable to shareholders per share.

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