Earnings Feed

18.9%

Adjusted housing gross profit margin exceeded the high end of guidance, driven by strong cost management despite pricing pressure and higher land costs.

$304 million in Q1 sales

Sales increased 18% year-over-year, including $21 million from the Elgen acquisition, despite macroeconomic headwinds.

Declined by over $70 million; margin contracted 250 basis points

Despite industry challenges, FedEx Freight's adjusted operating income declined significantly, reflecting ongoing pressure from the weak industrial economy and excess truckload capacity.