Expeditors Announces 14% Increase in 2007 Annual Earnings
biz.yahoo.com
Monday February 11, 8:47 pm ET
SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced quarterly total revenues and operating income of $1,446,582,000 and $107,616,000 compared with $1,244,348,000 and $99,655,000 for the same quarter of 2006, increases of 16% and 8%, respectively. Net earnings were $70,057,000 for the fourth quarter of 2007, compared with $62,610,000 for 2006, an increase of 12%. Net revenues for the fourth quarter of 2007 increased 13% to $379,441,000 as compared with $335,855,000 reported for the fourth quarter of 2006. Diluted net earnings per share for the fourth quarter were $.32 as compared with $.28 for the same quarter in 2006, an increase of 14%. The Company also reported that same store net revenues and operating income increased 13% and 8%, respectively, for the fourth quarter of 2007 when compared with 2006.
For the year ended December 31, 2007, total revenues and operating income were $5,235,171,000 and $423,400,000 compared with $4,633,987,000 and $375,116,000 for the same period in 2006, increases of 13% respectively. Net earnings rose to $269,154,000 from $235,094,000 in 2006, an increase of 14%. Net revenues for the year increased to $1,452,961,000 from $1,290,960,000 for 2006, up 13%. Diluted net earnings per share for the year 2007 were $1.21 as compared with $1.06 for the same period of 2006, also an increase of 14%. Same store net revenues and operating income increased 12% and 13%, respectively, for the year ended December 31, 2007, when compared with the same period of 2006. |
