12/17/2020

speaker
Mickey Foster
Vice President of Investor Relations

Good day, everyone, and welcome to the FedEx Corporation second quarter fiscal year 2021 earnings conference call. Today's call is being recorded. At this time, I would like to turn the call over to Mickey Foster, Vice President of Investor Relations for FedEx Corporation. Please go ahead, sir.

speaker
Fred Smith
Chairman and CEO

Good afternoon, and welcome to FedEx Corporation's second quarter earnings conference call. The second quarter form 10Q, earnings release, and stat book are on our website at FedEx.com. This call is being streamed from our website where the replay will be available for about one year. Joining us on the call today are members of the media. During our question and answer session, callers will be limited to one question in order to allow us to accommodate all those who would like to participate. I want to remind all listeners that FedEx Corporation desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act. Certain statements in this conference call, such as projections regarding future performance, may be considered forward-looking statements within the meaning of the act. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For additional information on these factors, please refer to our press releases and filings with the SEC. Please refer to the investor relations portion of our website at FedEx.com for a reconciliation of the non-GAAP financial measures discussed on this call to the most directly comparable GAAP measures. Joining us on the call today are Fred Smith, Chairman and CEO, Raj Subramanian, President and COO, Mike Lenz, Executive Vice President and CFO, Mark Allen, Executive VP, General Counsel and Secretary. Rob Carter, Executive VP, FedEx Information Services and CIO. Reed Carreiri, Executive Vice President, Chief Marketing and Communications Officer. Don Collin, President and CEO of FedEx Express. Henry Mayer, President and CEO of FedEx Ground. And John Smith, President and CEO of FedEx Trade. And now Fred Smith will share his views on the quarter.

speaker
Fred Smith
Chairman and CEO

Thank you, Nikki. Let me make one administrative comment. Due to the COVID-19 situation, we have four members of our SMC, spatially distanced in one room, and then five members of the SMC are participating by Zoom with us. So we may be a little clunky here handing off for the answers, but that's the reason. Let me first thank our FedEx team, nearly 600,000 strong. These team members have continued to keep the world moving amid the pandemic, transporting medicines, protective gear, and all the things our customers need for daily life and all of our B2B customers need to run their industries. And now our team is acting on months of rigorous planning to transport COVID-19 vaccines safely and on time. We have no higher priority as a company. Time-definite express transportation of critical shipments is exactly what our air-ground network was built to do. And we have the experience, unmatched global network, and technology solutions needed to effectively play our role in helping to eradicate this awful disease. Particularly important has been the recent rollout of our new proprietary sensorware ID system, which provides real-time visibility of vital shipments like the vaccines. In addition to this critical work, we're in the midst of our peak holiday shipping season where we expect record-breaking volumes. Our strong revenue and earnings growth during the second quarter is another reflection of the continued hard work of our team members and their commitment to our customers. We're very confident in our strategies and extremely optimistic for FedEx's future. Let me now ask Bree, Raj, and Mike, who I'd like to officially welcome to his first earnings call as our CFO to provide their comments, after which we will take your questions. Bree?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-