8-KOther Events

EXPEDITORS INTERNATIONAL OF WASHINGTON INC 8-K Report (Nov 15, 2000)

Filed November 15, 2000For Securities:EXPD

Summary

Expeditors International of Washington Inc. (EXPD) filed an 8-K on November 15, 2000, to disclose information in accordance with its Regulation FD policy. The filing addresses several investor inquiries, including the expected date for their 4th Quarter 2000 earnings release, which is scheduled for before the market opens on February 13th, 2001. The company also reiterated its commitment to its unique disclosure method, eschewing conference calls in favor of written question-and-answer formats to provide more meaningful information to investors.

Key Highlights

  • 1Expeditors expects to announce its 4th Quarter 2000 earnings results before the market opens on February 13th, 2001.
  • 2The company confirms it does not currently plan to host conference calls, preferring a written question-and-answer format for disclosures.
  • 3Expeditors aims to improve its response time for post-earnings inquiries, targeting availability before market open on the day after the release (within 24 hours).
  • 4A breakdown of export vs. import net revenue by region shows significant variation, with North America at 35% export/65% import and the Far East at 85% export/15% import.
  • 5The tone of business in October 2000 was described as 'very good,' consistent with September 2000.
  • 6Expeditors is considering disclosing summary unaudited monthly financial information (net revenue and operating income) by region, but anticipates potential delays in response to questions about this data and does not expect to implement it before January 2001.

Frequently Asked Questions

Expeditors expects to announce its 4th Quarter 2000 earnings results before the market opens on February 13th, 2001.

No, Expeditors does not currently plan to host conference calls. They believe their policy of providing written answers to submitted questions offers more meaningful information to investors.

The breakdown varies by region. For example, North America is 35% export and 65% import, while the Far East is 85% export and 15% import. Australasia is 15% export and 85% import, and Latin America is 20% export and 80% import.

The company described the tone of business in October 2000 as 'very good,' which was the same qualitative description used for September 2000.