FEDEX CORP (FDX) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, May 31, 2017

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Exhibit 99.1

 

LOGO

FOR IMMEDIATE RELEASE

FedEx Corp. Reports Record Fourth Quarter

and Full-Year Earnings

MEMPHIS, Tenn., June 20, 2017 ... FedEx Corp. (NYSE: FDX) today reported earnings of $3.75 per diluted share ($4.25 per diluted share on an adjusted basis) for the fourth quarter ended May 31, compared to a loss of $0.26 per diluted share (earnings of $3.30 per diluted share on an adjusted basis) a year ago.

This year’s and last year’s quarterly consolidated earnings have been adjusted for:

 

Impact per diluted share    Fourth Quarter  
   Fiscal 2017      Fiscal 2016  

Mark-to-market (“MTM”) pension accounting adjustments

   ($ 0.02    $ 3.47  

TNT Express integration expenses

     0.32        —    

FedEx Trade Networks legal matters

     0.09        —    

TNT Express intangible asset amortization

     0.06        —    

FedEx Ground legal matters

     0.05        0.02  

TNT Express expenses and operating results from the date of acquisition

     —          0.34  

Tax impact – legal entity restructuring for TNT integration

     —          (0.28

“Strong fourth quarter results completed a record fiscal 2017,” said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. “We enter fiscal 2018 confident FedEx Corp. will continue to deliver outstanding value and opportunities for shareowners, customers, and team members for years to come.”

- more -

 

1


The following information was filed by FEDEX CORP on Tuesday, June 20, 2017 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Exhibit 10 - MATERIAL CONTRACT

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Exhibit 10 - MATERIAL CONTRACT

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Exhibit 10 - MATERIAL CONTRACT

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Exhibit 10 - MATERIAL CONTRACT

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Exhibit 10 - MATERIAL CONTRACT

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Exhibit 21 - SUBSIDARIES OF THE REGISTRANT

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Exhibit 23 - CONSENTS OF EXPERTS AND COUNSEL

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Exhibit 31 - RULE 13A-14A/15D-14A CERTIFICATION

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Exhibit 31 - RULE 13A-14A/15D-14A CERTIFICATION

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Exhibit 32 - SECTION 1350 CERTIFICATION

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Exhibit 33 - REPORT OF COMPLIANCE WITH SERVICING CRITERIA FOR ASSET-BACKED SECURITIES

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  • Form Type: Annual
  • Number of times amended: 0
  • Accession Number: 0000950123-17-006152
  • Submitted to the SEC: Monday, July 17, 2017
  • Accepted by the SEC: Monday, July 17, 2017
  • Period Ending: May 2017
Companies
 

FDX Morningstar

FEDEX CORP

$213.63 -0.74 (-0.35%)

Day's Range:
$213.46 to $214.85

52-Week Range:
$158.05 to $219.99

Volume:
669,206

Volume (Avg):
1,512,990

Earnings per Share:
$11.07

PEG / Short / PE Ratios:
1.29 / 3.83 / 19.30

Market Cap:
$57.31B

Book Value:
59.92

EBITDA:
$8.28B