FedEx (FDX) CFO Mike Lenz to Retire

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FedEx Corp. Chief Financial Officer Mike Lenz to Retire

June 20, 2023 4:06 PM EDT

MEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Corporation (NYSE: FDX) announced today that Michael C. Lenz will retire as Executive Vice President and Chief Financial Officer effective July 31, 2023. An external search is underway for his successor. Lenz will serve as a Senior Advisor at FedEx until Dec. 31, 2023, to help ensure a smooth transition.

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FedEx Delivered Fourth Quarter Fiscal 2023 Revenue of $21.9 Billion, Diluted EPS of $6.05, and Adjusted Diluted EPS of $4.94

June 20, 2023 4:03 PM EDT

Ended Fiscal 2023 with Revenue of $90.2 Billion, Diluted EPS of $15.48, and Adjusted Diluted EPS of $14.96

Returned $2.7 Billion to Stockholders Through Stock Repurchases and Dividends During Fiscal 2023

Introduces Fiscal 2024 Outlook, Including $1.8 Billion of DRIVE Cost Savings

MEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the quarter ended May 31 (adjusted measures exclude the items listed below for the applicable fiscal year):

 

 

Fiscal 2023

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