FedEx Corporation reports fiscal year net income of $1.56 billion

FedEx Corporation (FedEx Express) (Memphis) reported earnings of $2.46 per diluted share for the fourth quarter ended May 31. Last year’s fourth quarter earnings were $2.13 per diluted share, excluding a $0.98 per diluted share business realignment program charge and a $0.20 per diluted share noncash aircraft impairment charge at FedEx Express. Including last year’s charges, earnings were $0.95 per diluted share.

“An outstanding fourth quarter helped FedEx post solid results for fiscal 2014, and we believe we are well positioned for a strong fiscal 2015,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “I would like to extend my sincere appreciation to the entire FedEx team for their contribution to our results and their continued commitment to providing outstanding service to our customers and connecting people and possibilities around the world.”

For its entire fiscal year the cooperation reported net income (GAAP) of $1.56 billion.

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Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 777-FS2 N857FD (msn 37728) climbs into the sky at Anchorage International Airport (ANC).

FedEx Express: AG Slide Show