Expeditors reports Q4 EPS $1.68, consensus $1.44

Reports Q4 revenue $2.95B, consensus $2.81B. “As in Q3 2024, our fourth quarter results demonstrate our ability to adapt to highly volatile conditions and win new business,” said Jeffrey Musser, president and CEO. “Strong demand from Asia, along with heavy de minimis-driven e-commerce business and increased demand for technology products, limited access to air capacity. At the same time, we believe ocean capacity was partially hampered by front-loading, as shippers scrambled to limit disruptions from potential port labor actions, and by longer transits as carriers continued to avoid the Red Sea. Turbulent conditions such as these are when Expeditors (EXPD) tends to perform at its best, as we double-down to find solutions for our customers to avoid the worst of the chaos and keep their freight moving.”