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UPS laying off Technical hourly employees
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<blockquote data-quote="TSG_Lackie" data-source="post: 77296" data-attributes="member: 4758"><p>I agree, read this crap.<img src="/community/styles/default/xenforo/smilies/group1/confused1.gif" class="smilie" loading="lazy" alt=":confused:" title="Confused :confused:" data-shortname=":confused:" />1 </p><p> </p><p><strong>Record earnings for 2005 with strong cash flow give company a strong quarter.</strong></p><p></p><p></p><p><strong><span style="font-size: 9px">UPS Press Release</span></strong></p><p>Led by a strong 21.5 percent gain in worldwide revenue, UPS reported net income of $1.05 billion and a 25 percent increase in diluted earnings per share for the fourth quarter. </p><p>For the full year, adjusted earnings per share climbed 19.7 percent and the company generated $3.5 billion in free cash flow. The 12-month period also produced record volume with UPS delivering 3.75 billion packages in 2005, or an average of 14.8 million per day. </p><p>UPSs performance in 2005 was exceptional, including a well-executed peak season, said Mike Eskew, UPS chairman and CEO. All of our people pulled together to achieve the growth and financial goals we set for ourselves. Our momentum accelerated during each quarter of 2005 and we look forward to more progress in 2006. </p><p>For the quarter ended Dec. 31, 2005, global volume increased 7.9 percent to a record 16.8 million packages per day. That equates to an additional 1.2 million packages delivered per day. U.S. volume grew 6.2 percent in total, paced by an 8.5 percent increase in deferred air volume coupled with a 6.3 percent increase in Next Day Air packages. Average daily ground volume in the U.S. rose 5.9 percent. U.S. volume gains in the fourth quarter were the highest experienced by the company in several years. </p><p>Internationally, average daily package volume rose 25.1% to 1.8 million a day. Export volume was again strong with a 15.4 percent increase reflecting significant gains across all regions of the world. </p><p>Revenue for the fourth quarter climbed 21.5 percent to $11.95 billion, including the impact of acquisitions. Consolidated operating profit increased 42.1 percent to $1.71 billion. Adjusting fourth quarter 2004 results for an aircraft impairment charge and a charge to pension expense, operating profit jumped 24.3 percent. </p><p>Earnings per diluted share were $0.95 for the quarter compared to $0.76 reported in the prior year. Adjusting for the after-tax effects of the items mentioned above and credits to income tax expense recognized in 2004, diluted earnings per share rose 15.9 percent from $0.82 a year ago. The company increased its effective tax rate in the fourth quarter of 2005, which reduced earnings per diluted share by $0.02. </p><p>Highlights by segment for the fourth quarter included:</p><ul> <li data-xf-list-type="ul">U.S. domestic package revenue grew 8.9 percent during the period to $7.82 billion. Boosted by a strong holiday season, all products experienced strong volume growth. Excluding the impact of the 2004 aircraft impairment and pension charges, operating profit rose 21.9 percent to $1.24 billion. Pricing remained firm. The U.S. segments operating margin increased to 15.8 percent.</li> <li data-xf-list-type="ul">International package revenue increased 18.3 percent to $2.22 billion. Excluding the impact of the 2004 aircraft impairment charge, operating profit climbed 25.3 percent to $431 million. Export volume grew 15.4 percent with double-digit growth across Asia, Europe and the U.S. International domestic volume climbed 31.7 percent aided by acquisitions in Europe during the year. The international operating margin increased to 19.4 percent.</li> <li data-xf-list-type="ul">Revenue for the supply chain and freight segment jumped 146 percent to $1.91 billion, reflecting the positive impacts of both the Menlo Worldwide Forwarding and Overnite acquisitions. Operating profit climbed 139 percent to $43 million. Revenue at Overnite for its first full quarter as part of UPS totaled $483 million.</li> </ul><p>For the full year ended Dec. 31, 2005, diluted earnings per share totaled $3.47 compared to $2.93 per diluted share in 2004. Adjusting for the effects of the impairment and pension charges and tax credits recorded in 2004, diluted earnings per share increased 19.7 percent, up from $2.90 in 2004. This was at the high end of the companys 18-to-20 percent anticipated growth range, the second consecutive year of nearly a 20 percent gain in adjusted earnings. Revenue increased 16.4 percent to a record $42.6 billion while operating profit rose 23.1 percent to $6.14 billion. Net income for 2005 totaled $3.87 billion, up 16.1 percent compared to the $3.33 billion reported in 2004. Adjusting 2004s amounts for the effects of the items described above, operating profit increased by 19 percent and net income was up 17.2 percent. </p><p>The year was one of significant growth, margin expansion and excellent cash flow, said Chief Financial Officer Scott Davis. Were optimistic about 2006 and confident in our ability to continue producing the type of consistent earnings growth for which were known. We will continue to invest in all three of our businesses and execute strategies in each segment that will enable us to capitalize on the growth in global commerce. </p><p>For the first quarter of 2006, UPS is projecting diluted earnings per share in a range of $0.85 to $0.89 compared to the $0.78 reported during the prior-year period. For the full year of 2006, Davis reiterated UPSs expectation of an increase in diluted earnings per share of 11-to-16 percent, consistent with the companys historical compound annual growth rate.</p><p> </p><p>But yet they decide to lay us off!! What a crock of ****.<img src="/community/styles/default/xenforo/smilies/group1/mad.gif" class="smilie" loading="lazy" alt=":mad:" title="Mad :mad:" data-shortname=":mad:" /></p></blockquote><p></p>
[QUOTE="TSG_Lackie, post: 77296, member: 4758"] I agree, read this crap.:confused1 [B]Record earnings for 2005 with strong cash flow give company a strong quarter.[/B] [B][SIZE=1]UPS Press Release[/SIZE][/B] Led by a strong 21.5 percent gain in worldwide revenue, UPS reported net income of $1.05 billion and a 25 percent increase in diluted earnings per share for the fourth quarter. For the full year, adjusted earnings per share climbed 19.7 percent and the company generated $3.5 billion in free cash flow. The 12-month period also produced record volume with UPS delivering 3.75 billion packages in 2005, or an average of 14.8 million per day. UPSs performance in 2005 was exceptional, including a well-executed peak season, said Mike Eskew, UPS chairman and CEO. All of our people pulled together to achieve the growth and financial goals we set for ourselves. Our momentum accelerated during each quarter of 2005 and we look forward to more progress in 2006. For the quarter ended Dec. 31, 2005, global volume increased 7.9 percent to a record 16.8 million packages per day. That equates to an additional 1.2 million packages delivered per day. U.S. volume grew 6.2 percent in total, paced by an 8.5 percent increase in deferred air volume coupled with a 6.3 percent increase in Next Day Air packages. Average daily ground volume in the U.S. rose 5.9 percent. U.S. volume gains in the fourth quarter were the highest experienced by the company in several years. Internationally, average daily package volume rose 25.1% to 1.8 million a day. Export volume was again strong with a 15.4 percent increase reflecting significant gains across all regions of the world. Revenue for the fourth quarter climbed 21.5 percent to $11.95 billion, including the impact of acquisitions. Consolidated operating profit increased 42.1 percent to $1.71 billion. Adjusting fourth quarter 2004 results for an aircraft impairment charge and a charge to pension expense, operating profit jumped 24.3 percent. Earnings per diluted share were $0.95 for the quarter compared to $0.76 reported in the prior year. Adjusting for the after-tax effects of the items mentioned above and credits to income tax expense recognized in 2004, diluted earnings per share rose 15.9 percent from $0.82 a year ago. The company increased its effective tax rate in the fourth quarter of 2005, which reduced earnings per diluted share by $0.02. Highlights by segment for the fourth quarter included: [LIST] [*]U.S. domestic package revenue grew 8.9 percent during the period to $7.82 billion. Boosted by a strong holiday season, all products experienced strong volume growth. Excluding the impact of the 2004 aircraft impairment and pension charges, operating profit rose 21.9 percent to $1.24 billion. Pricing remained firm. The U.S. segments operating margin increased to 15.8 percent. [*]International package revenue increased 18.3 percent to $2.22 billion. Excluding the impact of the 2004 aircraft impairment charge, operating profit climbed 25.3 percent to $431 million. Export volume grew 15.4 percent with double-digit growth across Asia, Europe and the U.S. International domestic volume climbed 31.7 percent aided by acquisitions in Europe during the year. The international operating margin increased to 19.4 percent. [*]Revenue for the supply chain and freight segment jumped 146 percent to $1.91 billion, reflecting the positive impacts of both the Menlo Worldwide Forwarding and Overnite acquisitions. Operating profit climbed 139 percent to $43 million. Revenue at Overnite for its first full quarter as part of UPS totaled $483 million.[/LIST]For the full year ended Dec. 31, 2005, diluted earnings per share totaled $3.47 compared to $2.93 per diluted share in 2004. Adjusting for the effects of the impairment and pension charges and tax credits recorded in 2004, diluted earnings per share increased 19.7 percent, up from $2.90 in 2004. This was at the high end of the companys 18-to-20 percent anticipated growth range, the second consecutive year of nearly a 20 percent gain in adjusted earnings. Revenue increased 16.4 percent to a record $42.6 billion while operating profit rose 23.1 percent to $6.14 billion. Net income for 2005 totaled $3.87 billion, up 16.1 percent compared to the $3.33 billion reported in 2004. Adjusting 2004s amounts for the effects of the items described above, operating profit increased by 19 percent and net income was up 17.2 percent. The year was one of significant growth, margin expansion and excellent cash flow, said Chief Financial Officer Scott Davis. Were optimistic about 2006 and confident in our ability to continue producing the type of consistent earnings growth for which were known. We will continue to invest in all three of our businesses and execute strategies in each segment that will enable us to capitalize on the growth in global commerce. For the first quarter of 2006, UPS is projecting diluted earnings per share in a range of $0.85 to $0.89 compared to the $0.78 reported during the prior-year period. For the full year of 2006, Davis reiterated UPSs expectation of an increase in diluted earnings per share of 11-to-16 percent, consistent with the companys historical compound annual growth rate. But yet they decide to lay us off!! What a crock of ****.:mad: [/QUOTE]
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