Key PointsUnited Parcel Service had another weak quarter and isn't guiding for much better later in the year. Cash flow is sound but insufficient to support an outlook for robust dividend increases or share repurchases. The company is building leverage for a business rebound, but the stock could move lower before the rebound begins. 5 stocks we like better than United Parcel ServiceIf United Parcel Service NYSE: UPS can be used as a leading indicator of the economy and S&P 500 performance, it sends a mixed ...

United Parcel Service (UPS) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $2.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.52%. A quarter ago, it was expected that this package delivery service would post earnings of $2.44 per share when it actually produced earnings of $2.47, delivering a surprise of 1.23%.Over the last four qu ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

UPS is looking to returns and big-and-bulky deliveries to expand its addressable market at a time when its shipping volumes have been decreasing. The company saw a slower rate of decline in shipping volumes during the first quarter while still facing a challenging macroeconomic environment, UPS executives said Tuesday (April 23) during the company’s quarterly earnings call.During the three months ended March 31, the company saw average daily volumes decrease 3.2% year over year in the U.S. domestic segment ...

An earnings beat has investors more relieved than excited.United Parcel Service (UPS 1.93%) used cost cutting to offset soft demand and deliver a first-quarter beat. Investors appear more relieved than excited, sending UPS shares up as much as 3% on the day and up 1.8% as of 11 p.m. ET.Holding ground in a difficult environmentIt has been a tough few quarters for major shipping companies. A period of post-pandemic inventory restocking fueled demand for transportation services, but in 2023, as doubts formed a ...

United Parcel Service, Inc. (NYSE:UPS) Q1 2024 Earnings Conference Call April 23, 2024 8:30 AM ET Company Participants PJ Guido - IR Carol Tome - CEO Brian Newman - CFO Nando Cesarone - EVP & President of U.S. and UPS Airline Matt Guffey - EVP & Chief Commercial & Strategy Officer Kate Gutmann - EVP and President of International, Healthcare & Supply Chain Solutions Conference Call Participants Eric Morgan - Barclays Amit Mehrotra - Deutsche Bank Tom Wadewitz - UBS Scott Group - Wolfe Research Ravi Shan ...

United Parcel Service (UPS) reported $21.71 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.3%. EPS of $1.43 for the same period compares to $2.20 a year ago.The reported revenue represents a surprise of -1.16% over the Zacks Consensus Estimate of $21.96 billion. With the consensus EPS estimate being $1.33, the EPS surprise was +7.52%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Key TakeawaysUnited Parcel Service on Tuesday released first-quarter results that beat adjusted profit estimates but fell short of revenue expectations.The shipping giant affirmed its full-year guidance, projecting revenue of $92.0 billion to $94.5 billion and an adjusted operating margin of 10.0% to 10.6%.UPS and other shipping companies like FedEx have had to adjust as shipping demand and revenue that hit record highs during the pandemic have fallen in recent quarters. United Parcel Service (UPS) on Tuesd ...

Revenue Performance - Total revenue decreased by 5.3% to $21,706 million from $22,925 million year-over-year[1] - U.S. Domestic Package revenue fell by 5.0% to $14,234 million compared to $14,987 million in the previous year[1] - International Package revenue declined by 6.3% to $4,256 million from $4,543 million year-over-year[1] - U.S. Domestic Package revenue was reported at $13,409 million, a slight decrease of 0.8% compared to $13,521 million in the previous year[17] - International Package revenue decreased by 3.1% to $3,600 million from $3,715 million year-over-year[17] Profitability - Operating profit dropped by 36.5% to $1,613 million from $2,541 million in the same quarter last year[1] - Net income decreased by 41.3% to $1,113 million compared to $1,895 million in the prior year[1] - Basic earnings per share fell by 40.9% to $1.30 from $2.20 year-over-year[1] - Operating profit for U.S. Domestic Package was $1,613 million, down 36.5% from $2,541 million in the previous year[17] - Net income for the trailing twelve months ended March 31, 2024, was $5,926 million, a decrease of 45.0% compared to $10,781 million for the same period in 2023[15] - Adjusted operating profit for the trailing twelve months ended March 31, 2024, was $9,068 million, down 30.5% from $13,099 million in the previous year[15] - Net income to average invested capital was 13.2%, down from 23.3% year-over-year[15] - Adjusted Return on Invested Capital (Non-GAAP) was 20.1%, a decline from 28.4% in the prior year[15] Expenses and Costs - Total operating expenses decreased by 1.4% to $20,093 million from $20,384 million[4] - Compensation and benefits increased by 1.5% to $11,639 million compared to $11,464 million in the previous year[4] - Fuel expenses decreased by 16.6% to $1,060 million from $1,271 million year-over-year[4] Cash Flow and Assets - Free cash flow for the three months ended March 31, 2024, was $2,280 million, an increase from $1,770 million in the same period of 2023, reflecting a growth of approximately 28.8%[8] - The company reported a net cash from operating activities of $3,316 million for the three months ended March 31, 2024, compared to $2,357 million for the same period in 2023, an increase of about 40.7%[7] - Total current assets decreased from $19,413 million as of December 31, 2023, to $16,177 million as of March 31, 2024, a decline of approximately 12.0%[6] - Total assets decreased from $70,857 million as of December 31, 2023, to $67,628 million as of March 31, 2024, a reduction of about 4.9%[6] - Total current liabilities decreased from $17,676 million as of December 31, 2023, to $14,696 million as of March 31, 2024, a decline of approximately 16.7%[6] Debt and Leverage - Adjusted total debt as of March 31, 2024, was $26,336 million, compared to $26,790 million as of March 31, 2023, a decrease of about 1.7%[12] - Adjusted total debt to adjusted EBITDA ratio increased from 1.65 as of March 31, 2023, to 2.11 as of March 31, 2024, indicating a higher leverage position[12] - Average debt and finance leases decreased to $21,101 million from $22,035 million, reflecting a reduction of 4.2%[15] Capital Expenditures - Capital expenditures for the three months ended March 31, 2024, were $1,035 million, up from $609 million in the same period of 2023, an increase of approximately 69.8%[8] Fleet Information - The total aircraft fleet as of March 31, 2024, included 294 owned and/or operated aircraft, with an additional 21 on order[19]

ONTARIO, CALIFORNIA - APRIL 01: A UPS truck drives past UPS planes (TOP) on April 1, 2024 in ... [+] Ontario, California. (Photo by Mario Tama/Getty Images)Getty ImagesUnited Parcel Service (NYSE: UPS) is scheduled to report its Q1 2024 results on Tuesday, April 23. We expect UPS to post revenue of $22 billion and earnings of $1.38 on a per-share and adjusted basis, slightly above the street expectations. The company will likely see a tough comparison in Q1, weighing on the overall volume growth as well as ...