Search results
Results from the WOW.Com Content Network
UPS earnings represent a tale of two halves in 2024. The first-half adjusted operating profit declined by 30.3% compared to the first half of 2023. Think UPS Stock Is Expensive?
Domestic revenue slid 6.9% during the quarter, as average daily package volume fell 9.9%. UPS lowers 2023 revenue outlook citing labor deal with 340,000 unionized workers, falling volume Skip to ...
United Parcel Service (NYSE:UPS), a leader in logistics and package delivery, released its fourth-quarter 2024 earnings on January 30, 2025.. The company reported a non-GAAP adjusted EPS of $2.75 ...
At the beginning of 2023, UPS announced its plans to phase out its fleet of MD-11F aircraft; initially, six aircraft will be retired during 2023, with the other 34 replaced as it expands its 767 fleet. [35] Though lower in overall payload and range, the 767 houses nearly the same capacity of upper-deck containers and is more fuel-efficient. [36]
For the fiscal year 2023, UPS reported earnings of US$6.71 billion, with an annual revenue of US$90.96 billion, a 9 percent decrease over the previous fiscal cycle. [1] UPS ranked No. 34 on the 2022 Fortune 500 list of the largest United States corporations by total revenue.
This list has all global annual earnings of all time, limited to earnings of more than $40 billion in "real" (i.e. CPI adjusted) value. Note that some record earning may be caused by nonrecurring revenue, like Vodafone in 2014 (disposal of its interest in Verizon Wireless) [1] or Fannie Mae in 2013 (benefit for federal income taxes).
UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion. Adjusted EPS was $1.76, up 12.1% YoY, above the consensus of $1.63.
In 2023, UPS paid out $5.37 billion in dividends. However, the company generated free cash flow of $5.25 billion. That's an imbalance income investors don't like to see.