FedEx Q4 Conference Call Highlights - FedEx (NYSE:FDX)

Shares of FedEx

FDX

are up more than 5 percent after the company reported its Q4 earnings and sales. This mornings conference call was relativity positive for the company's four major segments (ground,FedEx Express,freight, and FedEx Services) and statements on the company's positive outlook.

Some Key Highlights within the call:

Full year GDP forecast of 2.2% for 2014 and 3.1% in 2015
Weight and product mix influenced express domestic package yields to increased 0.9% in Q4.
Ground package yield grew 2.9% in Q4 (not including fuel costs).
International export Express package yield increased by 3% (excluding fuel).
EPS increased 15% to $2.46 from the previous $1.23.
FedEx's corporate operating margins achieved the company's double digit goal at 10%.
Ground segment achieved a 19.5% operating margin, while Freights income surged by 51%.
Increase quarterly dividend by 33% ($0.05 per share) currently at $0.20 per share.
SmartPost total yield increased by 8%.
FedEx Freight contributed a $41 million increase to operating income within the quarter.
A 12% increase in freights' less-than-truckload average daily shipments in Q4 with a 14% increase in measured demand for priority service.
Share repurchases of 36.8 million shares for approximately $5 billion during FY 2014, 9.9 million of shares were repurchased in the fourth quarter. FedEx share dilution came out to $0.12 per diluted share for Q4 and $0.07 per share FY 2014.
FedEx projects FY 2015 earnings of $8.50 to $9 per diluted share.

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