CLAIM #24647 · FDX (FDX) · 2024Q3 earnings call · Mar 21, 2024 · due May 31, 2025
“With regard to Ground, exceptional story, exceptional performance from the team. I believe those margins are sustainable.”
John Dietrich · CFO
In context
“scal '25? And then just separately, just -- no one's asked about Ground yet and it's by far the biggest part of the business. So if I can just ask one on the margins 12% this year. Do you think there's further margin improvement to go at Ground? John Dietrich: And let me start by saying on that $2.2 billion, that's certainly our goal to have that all flow through. But we have to be realistic and understand that a lot of the pressures that we're seeing today are expected to continue for a while. And while we're going to continue to focus on those things within our control, there are certain things outside of our control. And so our goal is to have as much pass through to the bottom line as possible and we look forward to keeping you up to speed on that, including when we next talk in June. With regard to Ground, exceptional story, exceptional performance from the team. I believe those margins are sustainable. And there's still a number of projects in the pipeline that allow us to continue to grow and expand that business and those margins. So again, that's going to be our focus as well. Operator: The next question comes from Helane Becker with TD Cowen. Helane Becker: I have, I guess, two questions. One is, as part of the whole redesign of the network and the business and collapsing everything into one. Have you thought about shifting to a calendar year rather than staying on a May fiscal year? And my second question is maybe for Raj. A lot of investors push back to me about the business that the way you're structuring the business, and I noticed the stock aftermarket was up quite a lot after the earnings release. Why do you think investors are so skeptical of your business plan and aren't wil”
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SEC filings for FDX ↗ · Claim quote is verbatim from the 2024Q3 earnings call.