FedEx Freight 8-K, filed Oct 29, 2026

Summary

FedEx Freight reported $3.3 billion in revenue for the four-month transition period ended September 30, 2026, its first reporting period as an independent public company after spinning off from FedEx Corporation on June 1, 2026, with adjusted operating income up 16.4% and GAAP diluted EPS down 43% from the prior year. The company raised its adjusted operating income forecast for the transition period and introduced guidance for the three months ending December 31, 2026.

Key points

• Revenue rose 9.2% to $3.3 billion; adjusted operating income rose 16.4% to $510 million; GAAP operating income fell 6.1% to $383 million and diluted EPS fell 43% to $1.54.
• FedEx Freight changed its fiscal year-end from May 31 to December 31 following the June 1, 2026 spin-off, making the four months ended September 30 a one-time transition period.
• Transition-period guidance was revised to revenue of $5.58–5.65 billion and adjusted operating income of $695–715 million, with diluted EPS of $1.69–1.79 before mark-to-market retirement plan adjustments.
• Guidance for the three months ending December 31, 2026 was set at revenue of $2.30–2.37 billion and adjusted operating income of $185–205 million.
• FedEx Freight said it cannot forecast mark-to-market retirement plan accounting adjustments and therefore cannot give a GAAP EPS or effective tax rate outlook for the transition period.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.