“Our third quarter 2011 earnings release highlighted our concerns about global trends for the remainder for 2011 and 2012. While 2011 was a record year, and we are generally optimistic about 2012, the underlying flow of goods both in the global economy and throughout our network in January still give us some cause to reiterate those concerns in the near term. That said, given the outstanding talents and abilities of our people and the support of both our customers and service providers, we remain very confident that we have the wherewithal to successfully address any near term challenges that may occur by staying true to our proven, long-term values and objectives,” concluded Rose.
Expeditors is a global logistics company headquartered in Seattle, Washington. The company employs trained professionals in 185 full-service offices and 64 satellite locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include air and ocean freight forwarding, vendor consolidation, customs clearance, marine insurance, distribution and other value added international logistics services.
1 Diluted earnings attributable to shareholders per share.
NOTE: See Disclaimer on Forward-Looking Statements on the following page of this release.
|Expeditors International of Washington, Inc.|
|4th Quarter 2011 Earnings Release, February 21, 2012|
|Financial Highlights for the Three months and Years ended December 31, 2011 and 2010 (Unaudited)|
(in 000's of US dollars except share data)
|Three months ended|
|December 31,||Years ended December 31,|
|Net earnings attributable to shareholders||$||92,843||$||96,502||(4)%||$||385,679||$||344,172||12%|
|Diluted earnings attributable to shareholders||$||.43||$||.45||(4)%||$||1.79||$||1.59||13%|
|Basic earnings attributable to shareholders||$||.44||$||.45||(2)%||$||1.82||$||1.62||12%|
|Diluted weighted average shares outstanding||214,159,723||216,587,468||215,033,580||216,446,656|
|Basic weighted average shares outstanding||211,988,482||212,217,035||212,117,511||212,283,966|
|Employee headcount as of|
|Europe and Africa||2,262||2,074|
|increase (decrease) in:|