UPDATE:
For the first time, there seems to be conflicting numbers.
There are 2 sets of numbers for the third quarter. The difference is only somewhat significant, but will effect the payout.
There is no conflict on the Q-4 results. The conflict is in the previous quarters, including Q-3.
Old third quarter numbers (published March 20,2018):
Revenue: $1.69 billion
Operating income: $55 million
Operating margin :3.2%
http://investors.fedex.com/news-and...p-Reports-Third-Quarter-Earnings/default.aspx
Again, the "new" third quarter numbers (published Tuesday):
Revenue: $1.613 billion
Operating income: $56 million
Operating margin :3.5%
http://s1.q4cdn.com/714383399/files/doc_downloads/statistical/2018/FedEx-Q4-FY18-Stat-Book.pdf
Why the conflict? It seem to be explained in the fine print:
"Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter and year amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation."
Now then,
which set of numbers will be used to calculate the bonus? There is no way for me to know, but it
will effect the projected payout, one way or the other.
The revised numbers mean a 1.6% payout.
The old numbers mean a 1.52% payout.
Sorry, but those are the facts... This time, we'll have to wait for the official statement. Can I revise my earlier prediction?
