FedEx Corporation (FDX) Q1 2025 Earnings Call Transcript

FedEx Corporation (NYSE:FDX) Q1 2025 Earnings Conference Call September 19, 2024 5:30 PM ET

Company participants

Jeni Hollander – VP IR
Raj Subramaniam – Chairman and CEO
Brie Carere – EVP and Chief Customer Officer
John Dietrich – EVP and CFO

Conference participants

Brian Ossenbeck – JPMorgan
Jordan Alliger – Goldman Sachs
Jonathan Chappell – Evercore
Tom Wadewitz – UBS
Daniel Imbro – Stephens
Chris Wetherbee – Wells Fargo
Stephanie Moore – Jefferies
Brandon Oglenski – Barclays
Jason Seidl – TD Cowen
Scott Group – Wolfe Research
David Vernon – Bernstein
Bruce Chan – Stifel
Ken Hoexter – Bank of America

Operator

Good day and welcome to FedEx’s first quarter fiscal 2025 earnings call. (Operator Instructions) Please note that this event is being recorded.

I would now like to turn the conference over to Jeni Hollander, Vice President of Investor Relations. Please go ahead.

Jenny Hollander

Good afternoon and welcome to the FedEx Corporation First Quarter Earnings Conference Call. The first quarter earnings release, Form 10-Q and factsheet are available on our website at investors.fedex.com. This call and accompanying slides are being streamed from our website, where the replay and slides will be available for approximately one year. During our question and answer session, callers will be limited to one question to allow us to accommodate everyone who would like to participate.

Certain statements in this conference call may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially. expressed or implied by such forward-looking statements. For additional information on these factors, please see our press releases and SEC filings.

Today’s presentation also includes certain non-GAAP financial measures. Please