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   Non-TechExpeditors Int'l (EXPD)


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To: JakeStraw who wrote (67)3/12/2004 2:48:10 PM
From: Knighty Tin
   of 87
 
Jake, If anyone ever bet $500 grand at Sam Houston Race Park, every horse he bet would be 1-50. <G> But the actual lottery guy had the cash in his car while he visited an adult entertainment club. Man, he must get some great lap dances. <G>

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To: Knighty Tin who wrote (68)3/12/2004 2:49:53 PM
From: JakeStraw
   of 87
 
LOL!

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To: Knighty Tin who wrote (66)3/12/2004 5:07:31 PM
From: The Philosopher
   of 87
 
I actually did have a kid of a Saudi prince as a student once.

He was bright enough that he didn't need to bribe me.

Too bad. Now if only I could have gotten a stupid one!

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To: The Philosopher who wrote (70)3/12/2004 5:12:14 PM
From: Knighty Tin
   of 87
 
Close, but no cigar on that one. <G>

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From: JakeStraw5/9/2005 8:58:04 AM
   of 87
 
Expeditors Int'l board oks 36% boost in semi-annual div
By Michael Baron

NEW YORK (MarketWatch) -- Expeditors International of Washington Inc. said Monday that its board has approved a 36% increase in its semi-annual cash dividend to 15 cents a share from 11 cents. The Seattle-based logistics services provider said the dividend would be paid on June 15 to shareholders of record on June 1.

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From: JakeStraw6/17/2005 3:47:28 PM
   of 87
 
"Expeditors International (NasdaqNM:EXPD). I've written about this firm quite a bit, but it's still hands-down one of my favorites. Expeditors is basically a travel agent for cargo: It buys space in bulk from airlines and oceangoing shippers and resells that capacity to firms that need to transport goods. In the big picture, I think of this company as earning a royalty on the growth of global trade. Although the volume of global trade has grown about 6% annually over the past three decades, Expeditors has managed to post 25% compounded growth over the past decade by taking market share in a very fragmented industry, and it has lots of market share left to go, I think. Moreover, the firm has one of the most shareholder-oriented management teams that I've ever run across--I'd put them in a very small group of managers about whom I never worry. (Note: The shares may get whacked if the Chinese yuan is revalued, because investors will fret about a dramatic slowdown in trade between the U.S. and China, and Expeditors does a lot of business in that trade lane. If the shares do get whacked, I'd view it as a buying opportunity rather than something to worry about.)"
biz.yahoo.com

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From: JakeStraw8/1/2006 9:48:50 AM
   of 87
 
Expeditors Announces Net Earnings Increase of 53%
biz.yahoo.com
Tuesday August 1, 9:00 am ET

SEATTLE--(BUSINESS WIRE)--Aug. 1, 2006--Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced net earnings of $56,329,000 for the second quarter of 2006, compared with $36,698,000 (1) for the same quarter of 2005, an increase of 53%. Net revenues for the second quarter of 2006 increased 25% to $313,570,000 as compared with $250,660,000 reported for the second quarter of 2005. Total revenues and operating income were $1,129,324,000 and $88,803,000 in 2006 compared with $927,999,000 and $58,729,000 (1) for the same quarter of 2005, increases of 22% and 51%, respectively. Diluted net earnings per share for the second quarter were $.25 as compared with $.17 for the same quarter in 2005, an increase of 47%. The company also reported that same store net revenues and operating income increased 25% and 51%, respectively, for the second quarter of 2006 when compared with 2005.

For the six months ended June 30, 2006, net earnings rose to $108,681,000 from $67,744,000 (1) in 2005, an increase of 60%. Net revenues for the six months increased to $609,767,000 from $481,343,000 for 2005, up 27%. Total revenues and operating income for the six months were $2,153,916,000 and $174,204,000 in 2006 compared with $1,753,163,000 and $109,177,000 (1) for the same period in 2005, increases of 23% and 60%, respectively. Diluted net earnings per share for the first two quarters of 2006 were $.49 as compared with $.31 for the same period of 2005, an increase of 58%. Same store net revenues and operating income increased 26% and 59%, respectively, for the six months ended June 30, 2006 when compared with same period of 2005.

"You take results like these any time you can get them," commented Peter J. Rose, Chairman and Chief Executive Officer. "The second quarter of 2006 was strong across the board. We remain encouraged by the degree that our operational productivity and efficiency initiatives continue to allow us to increase business volumes without a commensurate increase in operating costs. We were also pleased to see our fee-based ocean products -- order management and ocean forwarding -- making year over year gains -- this is something that we haven't seen in quite some time."

"Our culture makes customer service and profitability management the focus of each and every employee. Placing this responsibility beyond the purview of a small group empowers those who are most able to execute and deliver," Rose continued. "The combined efforts of every individual from the most senior District Manager to the newest runner determines how we deliver customer service and how well we generate profits. Our results reflect the fact that our employees understand the culture, live it and improve upon it, each and every day. To paraphrase Robert Frost, that makes all the difference," Rose concluded.

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From: JakeStraw11/7/2006 9:42:17 AM
   of 87
 
Expeditors Announces 32% Increase in Third Quarter Net Earnings
biz.yahoo.com
Tuesday November 7, 9:00 am ET

SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced quarterly net earnings of $63,803,000 for the third quarter of 2006, compared with $48,404,000 for the same quarter of 2005, an increase of 32%. Net revenues for the third quarter of 2006 increased 20% to $339,338,000 as compared with $281,925,000 reported for the third quarter of 2005. Total revenues and operating income were $1,229,723,000 and $101,257,000 in 2006 compared with $1,046,442,000 and $77,436,000 for the same quarter of 2005, an increase of 18% and 31%, respectively. Diluted net earnings per share for the third quarter were $.29 as compared with $.22 for the same quarter in 2005, an increase of 32%. The company also reported that same store net revenues and operating income increased 20% and 30%, respectively, for the third quarter of 2006 when compared with 2005. The results for the third quarter include a one-time credit of $5.0 million to minority interest, which was recorded as a result of the Company's finalizing the increase in its relative ownership interests in various joint ventures.

For the nine months ended September 30, 2006, net earnings rose to $172,484,000 from $116,148,000 in 2005, an increase of 49%. Net revenues for the nine months increased to $949,105,000 from $763,268,000 for 2005, up 24%. Total revenues and operating income for the nine months were $3,383,639,000 and $275,461,000 in 2006 compared with $2,799,605,000 and $186,614,000 for the same period in 2005, increases of 21% and 48%, respectively. Diluted net earnings per share for the first three quarters of 2006 were $.78 as compared with $.53 for the same period of 2005, an increase of 47%. Same store net revenues and operating income increased 24% and 47%, respectively, for the nine months ended September 30, 2006, when compared with the same period of 2005.

"We continued to benefit from market share expansion and productivity gains during the 3rd quarter," said Peter J. Rose, Chairman and Chief Executive Officer. "These results are more than just superficial numbers attributed to a one quarter spike. When you analyze our year over year performance within our products and across all geographic segments, these numbers have real substance, " Rose continued.

"We have been impressed with both the magnitude and the balance of organic growth we continue to experience. We believe in our model. In what is an increasingly competitive market, we continue to focus on providing superior customer service. Our market share expansion would indicate that we continue to be successful in that undertaking. The efficiency gains we continue to achieve have been key in improving our operating margins, which we believe validates the financial strength of our model. As always, we hasten to point out one other core belief we have at Expeditors: That people and culture do make a difference. All facets of our success can be traced back to these two elements. It is the efforts of our people, who embody and perpetuate that unique Expeditors' culture, which creates results like these," Rose concluded.

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From: JakeStraw2/13/2007 9:05:43 AM
   of 87
 
Expeditors Announces 23% Increase in 2006 Annual Earnings
biz.yahoo.com
Tuesday February 13, 9:00 am ET

SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (Nasdaq:EXPD) today announced quarterly total revenues and operating income of $1,242,327,000 and $99,655,000 compared with $1,102,176,000 and $84,439,000 (1) for the same quarter of 2005, increases of 13% and 18%, respectively. Net earnings were $62,610,000 for the fourth quarter of 2006, compared with $74,287,000 of 2005, (which included a one-time tax benefit of $21,680,000), a decrease of 16%. Net revenues for the fourth quarter of 2006 increased 13% to $333,834,000 as compared with $296,341,000 reported for the fourth quarter of 2005. Diluted net earnings per share for the fourth quarter were $.28 as compared with $.34 (1) for the same quarter in 2005, a decrease of 18%. The company also reported that same store net revenues and operating income increased 13% and 18%, respectively, for the fourth quarter of 2006 when compared with 2005. As disclosed previously, the company noted that the fourth quarter and full year results for 2005 include a one-time tax benefit which increased earnings $21,680,000 ($.10 per share). This tax benefit in 2005 was the result of a one-time election under section 965 of the Internal Revenue Code.

For the year ended December 31, 2006, total revenues and operating income were $4,625,966,000 and $375,116,000 in 2006 compared with $3,901,781,000 and $271,053,000 (1) for the same period in 2005, increases of 19% and 38%, respectively. Net earnings rose to $235,094,000 from $190,436,000 in 2005, an increase of 23%. Net revenues for the year increased to $1,282,939,000 from $1,059,609,000 for 2005, up 21%. Diluted net earnings per share for the year 2006 were $1.07 as compared with $.86 (1) for the same period of 2005, an increase of 24%. Same store net revenues and operating income increased 21% and 38%, respectively, for the year ended December 31, 2006, when compared with the same period of 2005.

"We'll take these fourth quarter results, particularly given the rather stiff comparisons we were up against," said Peter J. Rose, Chairman and Chief Executive Officer. "Growth in airfreight was good, particularly viewed in context of the blowout 4th quarter of 2005. Ocean freight volumes were very strong throughout the entire quarter and our brokerage product just continues to reliably roll along, taking market share as it goes. Our ability to provide alternatives in both the air and ocean transportation markets, with consistent global service, quality and visibility standards coupled with a seamless brokerage product is providing some definite advantages," Rose remarked.

"We continue to do all the right things right. We move forward by enhancing our systems, improving our productivity and developing our people," Rose went on to say. "Our unrelenting focus on customer service brought in nearly $725 million more business in 2006 than in 2005. From a historical perspective, we grew nearly as much in 2006 as we did in those first 15 years-from 1981 until 1996. Despite the rigors of Sarbanes-Oxley, stock option expensing, natural disasters or whatever other obstacles present themselves, our employees are prepared to execute and get the job done--and they've done just that. We're grateful to every last one of them," Rose added. "Looking forward to 2007, there is no time to rest on past success. We cannot lose touch with what's most important-our people and our customers. And we cannot forget 'from whence we've come,'" Rose concluded.

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From: JakeStraw2/15/2007 8:25:51 AM
   of 87
 
Why Expeditors Is a Great Stock
kiplinger.com

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