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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

195.13USD
23 Apr 2019
Change (% chg)

$-0.85 (-0.43%)
Prev Close
$195.98
Open
$195.52
Day's High
$196.01
Day's Low
$194.65
Volume
378,762
Avg. Vol
520,339
52-wk High
$266.67
52-wk Low
$150.99

Latest Key Developments (Source: Significant Developments)

FedEx entered into each of the New Credit Agreements with a syndicate of banks
Wednesday, 27 Mar 2019 04:16pm EDT 

March 27 (Reuters) - FedEx Corp ::FEDEX CORP - ON MARCH 22, CO ENTERED INTO A $2.0 BILLION FIVE-YEAR CREDIT AGREEMENT & ALSO ENTERED INTO A $1.5 BILLION 364-DAY CREDIT AGREEMENT.FEDEX - NEW CREDIT AGREEMENTS REPLACED $2.0 BILLION FIVE-YEAR CREDIT AGREEMENT DATED AS OF NOV 13, 2015, AS AMENDED BY FIRST AMENDMENT DATED AS OF JAN 26, 2018.FEDEX CORP - FEDEX MAY ELECT TO INCREASE AGGREGATE AMOUNT AVAILABLE UNDER FACILITY TO UP TO A TOTAL OF $2.5 BILLION.  Full Article

FedEx Sees Economic Growth In The U.S. Below Last Year's Pace - Conf Call
Tuesday, 19 Mar 2019 06:05pm EDT 

March 19 (Reuters) - FedEx Corp ::FEDEX CORP SAYS EXPECTS TO END THE YEAR WITH ABOUT $4.5 BILLION IN INCREASED REVENUES - CONF CALL.FEDEX CORP SEES FY '19 ADJUSTED FREE CASH FLOW TO BE ABOUT $1.5 BILLION - CONF CALL.FEDEX CORP SAYS FREE CASH FLOW IN THE YEARS TO COME WOULD EXPAND 'SIGNIFICANTLY', ASSUMING REASONABLE MACROECONOMIC SITUATION - CONF CALL.FEDEX CORP SAYS DOESN’T SEE AMAZON AS A THREAT, AS IT REPRESENTS A SMALL PORTION OF TOTAL REVENUE - CONF CALL.FEDEX CORP SAYS CO'S LARGEST COMPETITOR CARRIES SUBSTANTIALLY HIGHER SHARE OF REVENUE FROM AMAZON - CONF CALL.FEDEX CORP SEES SOLID ECONOMIC GROWTH IN THE U.S. BUT BELOW LAST YEAR'S PACE.FEDEX CORP SAYS NEGATIVE IMPACT FROM GLOBAL TRADE FRICTIONS AND HEIGHTENED UNCERTAINTY IS A RECURRING THEME IN GLOBAL SURVEYS AND ECONOMIC ACTIVITY.FEDEX CORP SAYS WORLD TRADE IS SLOWING AND LEADING INDICATORS POINT TO POSITIVE BUT ONGOING DECELERATION IN TRADE GROWTH IN THE NEAR TERM.FEDEX CORP SAYS VOLUME CONTINUES TO INCREASE BY ABOUT 6 PERCENT IN THE U.S. DRIVEN BY E-COMMERCE.FEDEX CORP EXPECTS ALL ITS MD 10-10 AIRCRAFT TO RETIRE BY FY 21.FEDEX CORP SAYS STARTING TO SEE SOME PICK UP IN BUSINESS IN THE LAST FEW DAYS.  Full Article

Fedex Qtrly Diluted EPS $2.80
Tuesday, 19 Mar 2019 04:03pm EDT 

March 19 (Reuters) - FedEx Corp ::FEDEX CORP REPORTS THIRD QUARTER RESULTS.UNABLE TO FORECAST FISCAL 2019 YEAR-END MARK-TO-MARKET (MTM) RETIREMENT PLAN ACCOUNTING ADJUSTMENTS.UNABLE TO PROVIDE A FISCAL 2019 EARNINGS PER SHARE OR EFFECTIVE TAX RATE (ETR) OUTLOOK ON A GAAP BASIS.NOW FORECASTING FOR FISCAL 2019 EARNINGS OF $11.95 TO $13.10 PER DILUTED SHARE BEFORE YEAR-END MTM RETIREMENT PLAN ACCOUNTING ADJUSTMENTS.Q3 FINANCIAL RESULTS WERE BELOW EXPECTATIONS.QTRLY DILUTED EPS $2.80.SEES 2019 CAPITAL SPENDING OF $5.6 BILLION.QTRLY ADJUSTED. EPS $3.03.Q3 EARNINGS PER SHARE VIEW $3.11 -- REFINITIV IBES DATA.QTRLY GAAP REVENUE $17.0 BILLION VERSUS $16.5 BILLION.FEDEX - SEES FISCAL 2019 EARNINGS OF $15.10 TO $15.90 PER SHARE BEFORE YEAR-END MTM RETIREMENT PLAN ACCOUNTING ADJUSTMENTS & EXCLUDING SOME ITEMS.Q3 REVENUE VIEW $17.67 BILLION -- REFINITIV IBES DATA.FORECASTING FOR FISCAL 2019 ETR OF 22% TO 23% PRIOR TO YEAR-END MTM RETIREMENT PLAN ACCOUNTING ADJUSTMENTS.INTEGRATION EXPENSES ARE EXPECTED TO EXCEED $1.5 BILLION CUMULATIVELY THROUGH FISCAL 2021.FORECAST FOR FISCAL 2019 INTEGRATION EXPENSES IS DOWN SLIGHTLY TO $435 MILLION.SAVINGS FROM BUSINESS REALIGNMENT ACTIVITIES ARE EXPECTED TO BE $225 MILLION TO $275 MILLION IN FISCAL 2020.FISCAL 2019 PRE-TAX CASH COSTS RELATED TO BUSINESS REALIGNMENT ACTIVITIES EXPECTED TO TOTAL $450 MILLION TO $575 MILLION.FISCAL 2019 PRE-TAX CASH COSTS RELATED TO BUSINESS REALIGNMENT ACTIVITIES SHOULD PREDOMINANTLY OCCUR IN Q4 OF FISCAL 2019.  Full Article

FedEx Appoints Don Colleran President And CEO Of Fedex Express
Monday, 11 Mar 2019 04:15pm EDT 

March 11 (Reuters) - FedEx Corp ::FEDEX CORPORATION ANNOUNCES APPOINTMENT OF DON COLLERAN AS PRESIDENT AND CEO OF FEDEX EXPRESS.FEDEX CORP - DON COLLERAN HAS BEEN APPOINTED PRESIDENT AND CHIEF EXECUTIVE OFFICER OF FEDEX EXPRESS, EFFECTIVE MARCH 16..FEDEX CORP - JILL BRANNON WILL SUCCEED COLLERAN AS EXECUTIVE VICE PRESIDENT, CHIEF SALES OFFICER OF FEDEX CORP.  Full Article

FedEx - Rajesh Subramaniam Will Receive A Promotional Bonus Of $150,000, Payable In Two Equal Installments
Wednesday, 20 Feb 2019 05:04pm EST 

Feb 20 (Reuters) - FedEx Corp ::FEDEX - RAJESH SUBRAMANIAM WILL RECEIVE A PROMOTIONAL BONUS OF $150,000, PAYABLE IN TWO EQUAL INSTALLMENTS (MARCH 1, 2019 AND MARCH 1, 2020).FEDEX CORP - RAJESH SUBRAMANIAM'S NEW ANNUAL BASE SALARY WILL BE $955,560, EFFECTIVE MARCH 1, 2019. - SEC FILING.  Full Article

FedEx Corp Says Upon Retirement Of Bronczek, Size Of Board Of Directors Will Be 12 Members
Thursday, 14 Feb 2019 05:32pm EST 

Feb 14 (Reuters) - FedEx Corp ::FEDEX CORP - UPON RETIREMENT OF BRONCZEK, SIZE OF BOARD OF DIRECTORS WILL BE 12 MEMBERS.FEDEX CORP - ON OR BEFORE MARCH 31, 2019, BRONCZEK WILL RECEIVE A CASH PAYMENT OF $2.5 MILLION.  Full Article

Fedex Announces Appointment Of Raj Subramaniam As President And Chief Operating Officer
Thursday, 14 Feb 2019 04:15pm EST 

Feb 14 (Reuters) - FedEx Corp ::FEDEX CORPORATION ANNOUNCES APPOINTMENT OF RAJ SUBRAMANIAM AS PRESIDENT AND CHIEF OPERATING OFFICER.FEDEX CORP - SUBRAMANIAM'S APPOINTMENT FOLLOWS DAVID J. BRONCZEK'S PERSONAL DECISION TO RETIRE AS PRESIDENT AND CHIEF OPERATING OFFICER AND FROM BOARD.FEDEX CORP - SUBRAMANIAM WILL CONTINUE TO SERVE AS PRESIDENT AND CEO OF FEDEX EXPRESS AND WILL ALSO SERVE AS CO-PRESIDENT AND CO-CEO OF FEDEX SERVICES.  Full Article

David Bronczek Joins FedEx Corp Board Of Directors
Monday, 28 Jan 2019 04:21pm EST 

Jan 28 (Reuters) - FedEx Corp ::DAVID J. BRONCZEK JOINS FEDEX CORPORATION BOARD OF DIRECTORS.BOARD NOW HAS 13 MEMBERS, INCLUDING 11 INDEPENDENT DIRECTORS.  Full Article

Fedex Trade Networks Rebrands As Fedex Logistics
Thursday, 17 Jan 2019 09:00am EST 

Jan 17 (Reuters) - FedEx Corp ::FEDEX TRADE NETWORKS REBRANDS AS FEDEX LOGISTICS.  Full Article

Fedex Corp Issued $500 Million 3.400% Notes Due 2022
Wednesday, 16 Jan 2019 10:11am EST 

Jan 16 (Reuters) - FedEx Corp ::FEDEX CORP - ISSUED $500 MILLION 3.400% NOTES DUE 2022.  Full Article

Ex-CEO says tells Lynch trial HP did not need Autonomy at any cost

LONDON, April 1 Hewlett-Packard did not have to buy Britain's Autonomy to solve the U.S. company's other problems in 2011, its former chief executive told the $5 billion fraud trial of Mike Lynch.