Q2 results are public. Anyone curious about the next bonus?

Discussion in 'Fedex Freight' started by SwampRatt, Dec 19, 2017.

  1. SwampRatt

    SwampRatt Well-Known Member

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    FedEx Corp. Reports Higher Second Quarter Results

    http://investors.fedex.com/news-and...x-Corp-Reports-Higher-Second-Quarter-Results/

    "MEMPHIS, Tenn., December 19, 2017 ... FedEx Corp. today reported earnings of $2.84 per diluted share ($3.18 per diluted share on an adjusted basis) for the second quarter ended November 30, compared to earnings of $2.59 per diluted share ($2.77 per diluted share on an adjusted basis) a year ago."

    MEMPHIS, Tenn., December 19, 2017 ... FedEx Corp. today reported earnings of $2.84 per diluted share ($3.18 per diluted share on an adjusted basis) for the second quarter ended November 30, compared to earnings of $2.59 per diluted share ($2.77 per diluted share on an adjusted basis) a year ago.
     
  2. SwampRatt

    SwampRatt Well-Known Member

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    Not going too deep into the report right now, but we can take a quick look at the numbers related to the upcoming bonus.

    For the second quarter, the FedEx Freight segment reported:

    Revenue $1.76 billion

    Operating income $118 million

    Operating margin 6.7%


    Year over Year, Revenue was up 10%, O/I up 34%, O/M up 1.2 points.


    For the first quarter, the FedEx Freight segment reported:

    Revenue $1.75 billion

    Operating income $176 million

    Operating margin 10.0%

    Combined revenue of $351 Billion and an Operating income of $294 million brings the combined margin to 8.376.

    Payout should be 2.18% of eligible earnings for the period. :clapping::cool::clapping:
     
    Last edited: Dec 19, 2017
  3. Crazy Trucker

    Crazy Trucker Clown Math Expert

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    Cool thanks for info Swamp. Merry Christmas brother.
     
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  4. SwampRatt

    SwampRatt Well-Known Member

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    You are welcome, and Merry Christmas to you too.

    Keep in mind, the payout could be 2.19, due to rounding of the 8.376% margin number. Under the most favorable scenario, that 2.19% bonus could be rounded up to 2.2%.

    Quite good, either way. Actually an 84%/85% improvement on year over year payout. :1036316054:
     
    Last edited: Dec 20, 2017
  5. BIG R GUY

    BIG R GUY Parttime Coop Driver

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    I heard fedex will use the bonus money to buy all employees,Big Dave style hats,instead of issuing a check?
     
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  6. SwampRatt

    SwampRatt Well-Known Member

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    That may go over fine out west, but everywhere else? Not so much.

    With the significance of this bonus, drivers can purchase their "hat of choice", and most all will have cash to spare...

    No offense, but very few can pull off the "Big Dave hat" look.
    :smilie93c peelout:
     
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  7. Big Dave

    Big Dave What?! A low bridge and boardwalk at same time?!!

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    Ehh. Unless you're a Sundrop drinker, it's not that difficult to do....:1036316054:
     
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  8. Dick Dastardly

    Dick Dastardly Drat, Double Drat, and Triple Drat!

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    We're too good looking to hide under a ten gallon hat.
    :shakehandsnah:
     
  9. Crazy Trucker

    Crazy Trucker Clown Math Expert

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    Be nice if Fed ex followed at&t and the banks and gave us even more since the tax reform passed. Wishful thinking I guess.
     
  10. Dick Dastardly

    Dick Dastardly Drat, Double Drat, and Triple Drat!

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    Big Dave already spent his bonus.


    [​IMG]
     
  11. Dick Dastardly

    Dick Dastardly Drat, Double Drat, and Triple Drat!

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    https://www.washingtonpost.com/news...nnual-profits-by-1-3b/?utm_term=.8c89171cb65e

    The president has yet to sign the Republican tax plan, but FedEx is already calculating its windfall.

    Executives at the package delivery company say the passage of the bill, which promises massive cuts to the corporate tax rate, would prompt the company to increase spending on hiring, as well as new equipment and technology. The company also projects the changes to amount to a $1.3 billion increase in annual profits, according to calculations by Bloomberg.
     
  12. Loucifer

    Loucifer Member

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    Oh sure, brag about one bottle of dew... I carry four of those for a 50 mile trip :)
     
  13. Richard Cranium

    Richard Cranium Well-Known Member

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    That bonus?
    It’s part of your mileage pay.

    Except in California.
     
  14. SwampRatt

    SwampRatt Well-Known Member

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    As has been typical, the Jan. bonus payout was combined with your regular paycheck.

    Not sure about others, but my Federal rate on total Taxable earnings (not gross) was 16.469%. I was a day short due to a snow day, if that matters. I'm told that the bonus portion is taxed at 25%. That actually sounds about right.

    If history is any indicator, the July payout should be a separate check.:1036316054:
     
    Last edited: Jan 25, 2018
  15. The Point

    The Point You get it or not!

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    Consistency from corporate.
     
  16. Richard Cranium

    Richard Cranium Well-Known Member

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    I wish the bonus check had been a week later.
     
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