LONDON, UK / ACCESSWIRE / December 20, 2017 / Active-Investors free earnings report on Expeditors International of Washington, Inc. (NASDAQ: EXPD) ("Expeditors International") has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=EXPD. The Company posted its financial results on November 07, 2017, for the third quarter of the fiscal year 2017. The third party logistics provider's revenue and EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Expeditors International of Washington most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=EXPD

Earnings Highlights and Summary

For the three months ended September 30, 2017, Expeditors International's total revenues increased 15.3% to $1.80 billion from $1.56 billion in Q3 FY16. The Company's total revenue numbers surpassed analysts' expectations of $1.73 billion.

For the reported quarter, the Company's Airfreight Services revenues increased 18.3% to $735.16 million on a y-o-y basis, and Ocean Freight and Ocean Services revenues increased 13.7% to $563.39 million on a y-o-y basis. For the reported quarter, the Company's Customs Brokerage and Other Services revenues increased 13.1% to $503.62 million on a y-o-y basis.

For the reported quarter, Expeditors International's operating income increased 11.7% to $186.90 million from $167.26 million in Q3 FY16. For the reported quarter, the Company's operating margin decreased 30 basis points to 10.4% of revenue from 10.7% of revenue in Q3 FY16.

For the reported quarter, Expeditors International's earnings before tax (EBT) increased 11.3% to $190.44 million from $171.11 million in Q3 FY16. For the reported quarter, the Company's EBT margin decreased 40 basis points to 10.6% of revenue from 11% of revenue in Q3 FY16.

For the reported quarter, Expeditors International's net income increased 11.8% to $120.26 million on a y-o-y basis from $107.58 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 11.9% to $0.66 on a y-o-y basis from $0.59 in the same period of last year surpassing analysts' expectations of $0.60.

Segment Details

United States - During Q3 FY17, the Company's United States segment's total revenues increased 12.4% to $503.46 million from $447.97 million in the comparable period of last year. For the reported quarter, the segment's operating income increased 7.5% to $74.65 million from $69.46 million in Q3 FY16.

Other North America - During Q3 FY17, the Company's Other North America segment's total revenues increased 14.8% to $68.33 million from $59.52 million in the corresponding period of last year. For the reported quarter, the segment's operating income increased 48.7% to $9.22 million from $6.20 million in Q3 FY16.

Latin America - During Q3 FY17, the Company's Latin America segment's total revenues increased 10% to $27.86 million from $25.32 million in the same period of last year. For the reported quarter, the segment's operating income decreased 20.4% to $2.65 million from $3.33 million in Q3 FY16.

North Asia - During Q3 FY17, the Company's North Asia segment's total revenues increased 16.1% to $692.17 million from $595.99 million in the comparable period of last year. For the reported quarter, the segment's operating income increased 20.8% to $72.07 million from $59.68 million in Q3 FY16.

South Asia - During Q3 FY17, the Company's South Asia segment's total revenues increased 9.7% to $175.91 million from $160.36 million in the corresponding period of last year. For the reported quarter, the segment's operating income decreased 16.7% to $11.70 million from $14.05 million in Q3 FY16.

Europe - During Q3 FY17, the Company's Europe segment's total revenues increased 19.2% to $283.91 million from $238.19 million in the same period of last year. For the reported quarter, the segment's operating income increased 58.4% to $11.12 million from $7.02 million in Q3 FY16.

Middle-East, Africa, and India - During Q3 FY17, the Company's Middle-East, Africa, and India segment's total revenues increased 18.5% to $110.44 million from $93.21 million in the comparable period of last year. For the reported quarter, the segment's operating income decreased 27% to $5.50 million from $7.53 million in Q3 FY16.

Balance Sheet

As on September 30, 2017, Expeditors International's cash and cash equivalents increased 6.1% to $1.03 billion from $974.44 million as on December 31, 2016.

For the reported quarter, the Company's net accounts receivable increased 13.4% to $1.35 billion from $1.19 billion in Q3 FY16. For the reported quarter, the Company's accounts payable increased 15.1% to $836.06 million from $726.57 million in Q3 FY16.

In the first nine months of 2017, the Company's net cash provided by operating activities decreased 20.7% to $362.25 million from $456.93 million in the corresponding period of last year.

Stock Performance Snapshot

December 19, 2017 - At Tuesday's closing bell, Expeditors International of Washington's stock slightly dropped 0.45%, ending the trading session at $64.67.

Volume traded for the day: 913.96 thousand shares.

Stock performance in the last month ? up 9.37%; previous three-month period ? up 11.52%; past twelve-month period ? up 18.86%; and year-to-date ? up 22.11%

After yesterday's close, Expeditors International of Washington's market cap was at $11.42 billion.

Price to Earnings (P/E) ratio was at 27.17.

The stock has a dividend yield of 1.30%.

The stock is part of the Services sector, categorized under the Air Delivery & Freight Services industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors