Fedex Corp

+16.31 (+7.19%)
Earnings Announcements

FedEx Announces Actions To Enhance Stockholder Value And Updates To Board Governance

Published: 06/14/2022 12:56 GMT
Fedex Corp (FDX) - Fedex Announces Actions to Enhance Stockholder Value and Updates to Board Governance.
Fedex Corp - Increases Quarterly Dividend by More Than 50 Percent.
Fedex Corp - Appoints Amy B. Lane and V. James Vena to Board of Directors.
Fedex Corp - Announced That Its Cash-based Long-term Incentive (lti) Program for Fiscal 2023 Through 2025 Includes an Additional Performance Metric.
Fedex Corp - Lti Program Also Includes a Capital Expenditures As a Percentage of Revenue (capex/revenue) Performance Metric.
Fedex Corp - Under Terms of Cooperation Agreement, D. E.
Shaw Group Has Agreed to Certain Customary Voting and Standstill Provisions.
Fedex Corp - Capex/revenue Target Metric in New Lti Program is Lower Than in Prior Years to Align With Capital Plans for Fiscal Years 2023 Through 2025.
Fedex Corp - Expects to Further Lower Its Capital Intensity in Subsequent Years.
Fedex Corp - Appointments Were Made in Connection With a Cooperation Agreement With D. E.
Shaw Group.
Fedex Corp - a Third Independent Director Mutually Agreed Upon by Company and D. E.
Shaw Group Will Be Added to Board at a Later Date.
Fedex Corp - Board Will Comprise 14 Directors, 12 of Whom Will Be Independent, Following Company's 2022 Annual Meeting of Stockholders.
Fedex Corp - Board's Audit Committee Has Been Renamed Audit and Finance Committee.
Fedex Corp - Lti Program for Fiscal 2023 Through 2025 Includes an Additional Performance Metric Tied to Fedex's Tsr Relative to a Broad Market Index.
Revenue is expected to be $23.69 Billion
Adjusted EPS is expected to be $5.28

Next Quarter Revenue Guidance is expected to be $24.91 Billion
Next Quarter EPS Guidance is expected to be $5.54

More details on our Analysts Page.