Oct 29, 4:08 PM ET
FedEx Freight reported financial results for the four-month transition period ended September 30, 2026, delivering revenue of $3.3 billion and diluted EPS of $1.54. The company also raised its full transition period revenue forecast to a range of $5.58 billion to $5.65 billion while providing its initial outlook for the quarter ending December 31, 2026.
- Revenue for the four-month transition period ended September 30, 2026, reached $3.3 billion, representing a 9.2% increase year-over-year.
- Operating income for the four-month period was $383 million, while adjusted operating income grew 16.4% to $510 million.
- The company updated its transition period revenue outlook to $5.58 billion to $5.65 billion, exceeding its original growth forecast of 4% to 6%.
- Capital expenditures for the four-month transition period totaled $151 million, with full transition period capital expenditures expected to be approximately $365 million.
Read the filing on SEC.gov ↗
Aug 6, 4:11 PM ET
Following its June 1, 2026 spin-off from FedEx Corporation, FedEx Freight filed unaudited recast 2025 and 2024 results under a new calendar fiscal year ending December 31. For calendar 2025, revenue, operating income, net income and diluted earnings per share all declined from 2024, and the company recorded $206 million in separation and other costs. The recast does not change previously reported totals, but it shows the year-over-year decline in the standalone results shareholders will track.
- Calendar 2025 revenue was $8.78 billion, down from $9.09 billion in 2024.
- Operating income was $1,022 million, down from $1,532 million; separation and other costs were $206 million in 2025 versus none in 2024.
- Net income was $1,059 million, or $7.08 per diluted share, compared with $1,440 million, or $9.63 per diluted share, in 2024.
- Fiscal year-end changed from May 31 to December 31; expense lines were regrouped, with no change to total revenue, operating income, net income or EPS.
Read the filing on SEC.gov ↗
Jun 26, 4:15 PM ET
FedEx Freight Holding's board committee approved a transition-year cash incentive plan for June 1 to December 31, 2026, a long-term equity program for 2026 to 2028, and spin-off-related bonuses and stock awards for executives. The filing also adopts a new equity award retirement policy, effective June 24, 2026, for awards granted on or after the spin-off.
- Chief Executive John A. Smith's target cash incentive is 175% of prorated base salary; his long-term incentive target is 450% of annual base salary.
- Performance measures include adjusted consolidated operating income for the cash plan, and adjusted free cash flow and adjusted earnings per share for long-term awards.
- Spin-off RSUs with a $1,000,000 target value go to Mr. Smith, and Chief Financial Officer Marshall W. Witt receives a $585,000 cash bonus tied to the spin-off under his offer letter.
- The awards are granted June 29, 2026, following the June 1, 2026 spin-off from FedEx Corporation.
Read the filing on SEC.gov ↗
Jun 25, 4:15 PM ET
FedEx Freight reported fourth-quarter fiscal 2026 revenue of $2.4 billion, up 4.8%, but operating income of $158 million fell 66.9%, with spin-off costs and higher wage rates cited as factors. The company also introduced standalone guidance for a seven-month transition period ending December 31, 2026, after its June 1, 2026 spin-off from FedEx Corporation and a change in its fiscal year-end.
- Q4 fiscal 2026: revenue $2.4 billion (up 4.8%); operating income $158 million (down 66.9%); adjusted operating income $363 million (down 23.9%)
- Full fiscal 2026: revenue $8.8 billion (down 1.1%); operating income $616 million (down 58.6%)
- Transition period guidance: operating income $475 million to $515 million versus $394 million a year earlier; diluted EPS $2.40 to $2.60 after spin-off costs, excluding MTM retirement plan adjustments that the company cannot forecast
Read the filing on SEC.gov ↗
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