FedEx Corporation

- FedEx Freight completed a $3.7 billion debt offering in January as part of its spin-off plan. - The net proceeds from the debt offering will be dividend to FedEx Corp. in connection with the planned spin-off on June 1, 2026. - FedEx is maintaining a disciplined approach to capital allocation, prioritizing reinvestment in the business (including Network 2.0) and returning cash to stockholders. - The company plans to continue evaluating share repurchases opportunistically and use them to offset dilution beyond FY ’26 to maintain share count. - No specific mention of new equity fundraising; focus is on debt offering for spin-off and share repurchases.

- FY ’26 CapEx is anticipated to be no more than $4.1 billion, down at least $400 million from the prior $4.5 billion forecast. - Commitment to keeping aircraft CapEx at or below $1 billion annually through 2029. - Significant investments in technology platforms and IT infrastructure to support FedEx Freight's spin-off and standalone operations. - Continued capital allocation prioritizes reinvestment in business areas such as Network 2.0 and returning cash to stockholders. - Autonomous robotic systems (e.g., Scoop robotic package unloader) are in pilot phases, enhancing safety and operational efficiency, with expanded deployment expected later in the year. - Ongoing transformation-related savings initiatives, with over $1 billion in cost savings achieved and a target of $2 billion cumulative savings by end of next year. - Technology enhancements, including dimensional pricing models supported by machine learning tools, to improve revenue quality and accuracy.

- FedEx Freight expects growth as the dedicated LTL sales force is nearly fully hired, positioning the segment well for market recovery (page 14). - FEC focuses on disciplined pricing, contract renewals, and enhanced product offerings to improve yield growth and customer experience (page 12). - U.S. Priority and Deferred Express services saw 7% volume growth, underpinning optimism about continued growth momentum (page 8). - International export volumes turned positive with 2% year-over-year growth due to strategic rerouting and strong growth in Asia-Europe lanes (page 8). - Near-term demand trends expected to remain stable through Q4, with close monitoring for any changes (page 10). - FedEx is targeting 4% revenue growth as a goal beyond this year while maintaining revenue quality (page 9). - Plans exist to discuss longer-term growth and profitability targets at the upcoming Investor Day (page 14).

- FY ’26 adjusted diluted EPS outlook raised to $19.30 to $20.10, up from prior range of $17.80 to $19.00. - Midpoint implies Q4 adjusted EPS of approximately $5.80, the highest quarterly earnings of the year. - Expect sequential and year-over-year growth in adjusted operating income at FedEx Express and FedEx Ground despite some headwinds. - FedEx Freight adjusted operating income expected to decline year-over-year due to market softness and increased separation costs. - Network 2.0 and One FedEx initiatives targeting $2 billion cumulative savings by end of 2027. - FeedEx Freight spin-off on track for June 1, 2026, with investments positioning for future growth. - Longer-term FY ’27 outlook suggests potential EPS growth driven by ongoing momentum and Network 2.0 ramp-up. - Commitment to disciplined capital allocation supports reinvestment and share repurchases to maintain EPS growth.

The provided transcript in the document "1081771-23954.pdf" does not specifically mention current or expected orderbook or pending orders data. However, related operational and business outlook information includes: - FedEx Freight experienced a shipment decline of mid-single digits but is optimistic with nearly all dedicated LTL sales team hires completed, expecting growth as the market recovers. - FedEx Express and FedEx International show strong volume growth in targeted segments and improved revenue quality. - FedEx plans to share more detailed forward-looking strategy and long-term targets at its Investor Day on April 8. - The business is focused on improving sales effectiveness, leveraging technology, and revenue quality, which indirectly supports demand growth. - No explicit figures or estimates on orderbook or pending orders were disclosed in the excerpts. For precise orderbook or pending order metrics, reference to company filings or investor communications beyond the transcript may be necessary.