FDX quarterly profit down 45%
06-19-2013, 11:16 AM
#21
Gets Weekends Off
Joined APC: Feb 2008
Posts: 689
Originally Posted by Sideshow Bob
"All" that remains is the world economies, wars, pandemics, contract negotiations and pilotless drones.
What could possibly go wrong?
What could possibly go wrong?
06-19-2013, 11:36 AM
#22
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,433
Segment Results
Quarterly revenues at FedEx Express were $6.98 billion, up 3% year over year. Growth was driven by acquisitions and expanded FedEx Trade Networks, offset by lower fuel surcharges.
Operating income was up 11% year over year at $460.0 million in the fourth quarter, resulting in an operating margin of 6.6%, up 50 bps from 6.1% in the year-ago quarter. The improvement was aided by the favorable impact of capacity reductions, time lags related to fuel surcharge, and other cost reduction initiatives.
The FedEx International Priority (IP) average daily package volume increased 2% for the quarter and revenue per package (yield) increased 1% due to the unfavorable impact of lower rates.
FedEx Ground revenues increased 12% year over year to $2.78 billion in the fourth quarter attributable to volume growth. Operating income was up 13% year over year at $557 million and operating margin increased 10 bps to 20.1%. Higher volumes and revenue per package was partially negated by intercompany costs related to business realignment programs.
FedEx Ground average daily package volume increased 10% driven by increased eCommerce activities. Revenue per package grew 2%. FedEx SmartPost average daily volume expanded 25% and net revenue per package decreased 7% because of higher postal rates.
FedEx Freight revenues were down 1% year over year to $1.39 billion in the fourth quarter, reflecting a drop of 3% in LTL (less-than-truckload) shipments. Yield was, however, up by 1% due to improvement in FedEx Freight cost structures. The segment recorded operating income of $81 million, flat year over year. Operating margin was 5.8%, which also remained unchanged on a year-over-year basis.
FedEx Services revenues fell 6% year over year to $406.0 million in the fourth quarter.
Quarterly revenues at FedEx Express were $6.98 billion, up 3% year over year. Growth was driven by acquisitions and expanded FedEx Trade Networks, offset by lower fuel surcharges.
Operating income was up 11% year over year at $460.0 million in the fourth quarter, resulting in an operating margin of 6.6%, up 50 bps from 6.1% in the year-ago quarter. The improvement was aided by the favorable impact of capacity reductions, time lags related to fuel surcharge, and other cost reduction initiatives.
The FedEx International Priority (IP) average daily package volume increased 2% for the quarter and revenue per package (yield) increased 1% due to the unfavorable impact of lower rates.
FedEx Ground revenues increased 12% year over year to $2.78 billion in the fourth quarter attributable to volume growth. Operating income was up 13% year over year at $557 million and operating margin increased 10 bps to 20.1%. Higher volumes and revenue per package was partially negated by intercompany costs related to business realignment programs.
FedEx Ground average daily package volume increased 10% driven by increased eCommerce activities. Revenue per package grew 2%. FedEx SmartPost average daily volume expanded 25% and net revenue per package decreased 7% because of higher postal rates.
FedEx Freight revenues were down 1% year over year to $1.39 billion in the fourth quarter, reflecting a drop of 3% in LTL (less-than-truckload) shipments. Yield was, however, up by 1% due to improvement in FedEx Freight cost structures. The segment recorded operating income of $81 million, flat year over year. Operating margin was 5.8%, which also remained unchanged on a year-over-year basis.
FedEx Services revenues fell 6% year over year to $406.0 million in the fourth quarter.
06-19-2013, 11:50 AM
#23
Gets Weekends Off
Joined APC: May 2006
Posts: 1,804
Originally Posted by Sideshow Bob
Not exactly, but funding those pesky pensions can be annoying.
UPS United Parcel Service (UPS) posted net income of $807 million in 2012, down 78.8% from a net profit of $3.8 billion in 2011, though it attributed the earnings decline to a hefty non-cash charge. UPS said earnings were skewed by a mark-to-market, non-cash, after-tax charge of $3 billion related to pension values. It noted the charge did not affect cash flows. On an adjusted basis, the Atlanta-based delivery giant said it earned 2012.
In other words, the OPERATING profit, before funding pensions was $3.8 billion, or roughly $1.7 billion more than FDX, or 44% more, while UPS revenue is only 23% higher.
Sometimes it appears harder to offend radical Islamists than you guys. Anytime anybody says anything that doesn't glorify FDX, the cyber jihad begins...sheesh.
UPS United Parcel Service (UPS) posted net income of $807 million in 2012, down 78.8% from a net profit of $3.8 billion in 2011, though it attributed the earnings decline to a hefty non-cash charge. UPS said earnings were skewed by a mark-to-market, non-cash, after-tax charge of $3 billion related to pension values. It noted the charge did not affect cash flows. On an adjusted basis, the Atlanta-based delivery giant said it earned 2012.
In other words, the OPERATING profit, before funding pensions was $3.8 billion, or roughly $1.7 billion more than FDX, or 44% more, while UPS revenue is only 23% higher.
Sometimes it appears harder to offend radical Islamists than you guys. Anytime anybody says anything that doesn't glorify FDX, the cyber jihad begins...sheesh.
06-19-2013, 11:55 AM
#24
Working weekends
Joined APC: Jul 2005
Position: Left Seat
Posts: 2,384
UPS stock outperforming FDX since approx April 2013
FedEx Corporation Common Stock Stock Chart | FDX Interactive Chart - Yahoo! Finance
with the negative news said, FDX is not going away, that is for sure
FedEx Corporation Common Stock Stock Chart | FDX Interactive Chart - Yahoo! Finance
with the negative news said, FDX is not going away, that is for sure
06-19-2013, 12:06 PM
#25
Gets Weekends Off
Joined APC: Oct 2006
Position: MD11 CPT
Posts: 1,077
Originally Posted by USMCFDX
I know it is a snapshot for that year and 2011 is a more realistic comparison. My only point is you said the difference was a small number, it is not, UPS numbers for revenue are larger by a lot.
But no doubt company negotiators have already mentioned that at the table...just sayin.
06-19-2013, 02:45 PM
#26
Banned
Joined APC: Oct 2012
Posts: 404
Originally Posted by MaydayMark
The stock price is up considerably today ... like you said, the cry from Wall Street will be heard loud and clear!*? 
06-19-2013, 02:53 PM
#27
Banned
Joined APC: Oct 2012
Posts: 404
Originally Posted by Sideshow Bob
If the chosen metric is profit, which even in what appears to be a religious institution does matter, 23% more revenue but 44% more profit will likely drive a change in religious doctrine...or business model, and that driver will be in an 18 wheeler.
But no doubt company negotiators have already mentioned that at the table...just sayin.
But no doubt company negotiators have already mentioned that at the table...just sayin.
Oh.... and quit talking bad about FedEx. We have better facilities and catering than you do.
06-19-2013, 03:09 PM
#28
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
06-19-2013, 03:59 PM
#29
Gets Weekends Off
Joined APC: Apr 2005
Position: 757/767
Posts: 1,128
[QUOTE=FDXLAG;1431070]Why FedEx Has UPS Beat - Seeking Alpha
We're doomed. Is that better?[/Q
Why FedEx has ups beat??
The answer is easy.
We don't do 4a2b and we don't have FDXLAG doing crossing for 88k but you have ipads and purple 777's
We're doomed. Is that better?[/Q
Why FedEx has ups beat??
The answer is easy.
We don't do 4a2b and we don't have FDXLAG doing crossing for 88k but you have ipads and purple 777's
06-19-2013, 05:08 PM
#30
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
Originally Posted by brownie
Why FedEx has ups beat??
The answer is easy.
We don't do 4a2b and we don't have FDXLAG doing crossing for 88k but you have ipads and purple 777's
Thread
Thread Starter
Forum
Replies
Last Post
