Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Pressroom News
UPS releases Q3 2021 earnings
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="cheryl" data-source="post: 5044286" data-attributes="member: 1"><p> <ul> <li data-xf-list-type="ul"><strong><em>Consolidated Revenues of $23.2B, Up 9.2% from Last Year</em></strong></li> <li data-xf-list-type="ul"><strong><em>Consolidated Operating Profit of $2.9B, Up 22.6% from Last Year; Up 23.4% on</em></strong></li> <li data-xf-list-type="ul"><strong><em>an Adjusted* Basis</em></strong></li> <li data-xf-list-type="ul"><strong><em>Diluted EPS of $2.65, Up 18.3% from Last Year; Adjusted Diluted EPS Up 18.9%</em></strong></li> <li data-xf-list-type="ul"><strong><em>to $2.71</em></strong></li> <li data-xf-list-type="ul"><strong><em>Company Raises Full-Year 2021 Financial Guidance</em></strong></li> </ul><p>UPS today announced third-quarter 2021 consolidated revenue of $23.2 billion, a 9.2% increase over the third quarter of 2020. Consolidated operating profit was $2.9 billion, up 22.6% compared to the third quarter of 2020, and up 23.4% on an adjusted basis. Diluted earnings per share were $2.65 for the quarter, 18.3% above the same period in 2020, and up 18.9% on an adjusted basis.</p><p></p><p>For the third quarter of 2021, GAAP results include after-tax transformation and other charges of $54 million, equivalent to $0.06 per share. Year-to-date cash from operations was $11.8 billion, up 26.7% compared to the same period in 2020, with free cash flow of $9.3 billion, a 52.3% increase above the first nine months of 2020.</p><p></p><p>“I want to thank all UPSers for delivering what matters with great service to our customers,” said Carol Tomé, UPS chief executive officer. “The actions we are taking under our better not bigger strategic framework to improve revenue quality, enhance productivity and remain disciplined on capital allocation are driving our positive financial performance.” </p><p></p><p><strong>U.S. Domestic Segment</strong></p><p></p><table style='width: 100%'><tr><td></td><td><strong><u><br /> 3Q 2021</u></strong></td><td><strong><u>Adjusted<br /> 3Q 2021</u></strong></td><td><strong><u><br /> 3Q 2020</u></strong></td><td><strong><u>Adjusted<br /> 3Q 2020</u></strong></td></tr><tr><td>Revenue</td><td>$14,208 M</td><td></td><td>$13,225 M</td><td></td></tr><tr><td>Operating profit</td><td>$1,407 M</td><td>$1,414 M</td><td>$1,098 M</td><td>$1,133 M</td></tr></table> <ul> <li data-xf-list-type="ul">Revenue was up 7.4%, driven by a 12.0% increase in revenue per piece.</li> <li data-xf-list-type="ul">Operating margin was 9.9%; adjusted operating margin was 10.0%.</li> </ul><p></p><p><strong>International Segment</strong></p><p></p><table style='width: 100%'><tr><td></td><td><strong><u><br /> 3Q 2021</u></strong></td><td><strong><u>Adjusted<br /> 3Q 2021</u></strong></td><td><strong><u><br /> 3Q 2020</u></strong></td><td><strong><u>Adjusted<br /> 3Q 2020</u></strong></td></tr><tr><td>Revenue</td><td>$4,720 M</td><td></td><td>$4,087 M</td><td></td></tr><tr><td>Operating profit</td><td>$1,051 M</td><td>$1,108 M</td><td>$966 M</td><td>$972 M</td></tr></table> <ul> <li data-xf-list-type="ul">Revenue increased 15.5%, with strong growth from all regions.</li> <li data-xf-list-type="ul">Operating margin was 22.3%; adjusted operating margin was 23.5%.</li> </ul><p></p><p><strong>Supply Chain Solutions Segment</strong></p><p></p><table style='width: 100%'><tr><td></td><td><strong><u><br /> 3Q 2021</u></strong></td><td><strong><u>Adjusted<br /> 3Q 2021</u></strong></td><td><strong><u><br /> 3Q 2020</u></strong></td><td><strong><u>Adjusted<br /> 3Q 2020</u></strong></td></tr><tr><td>Revenue</td><td>$4,256 M</td><td></td><td>$3,926 M</td><td></td></tr><tr><td>Operating profit</td><td>$438 M</td><td>$448 M</td><td>$299 M</td><td>$302 M</td></tr></table> <ul> <li data-xf-list-type="ul">Revenue increased 8.4%, led by Forwarding and Logistics, which combined grew 35.4%.</li> <li data-xf-list-type="ul">Operating margin was 10.3%; adjusted operating margin was 10.5%.</li> </ul><p><strong><u>Outlook</u></strong></p><p></p><p>For the full year in 2021, the company is raising its consolidated adjusted operating margin target to approximately 13.0% and expects adjusted return on invested capital to be around 29%. Capital expenditures are now planned to be approximately $4.2 billion and the company’s effective tax rate is expected to be about 22.5%.</p></blockquote><p></p>
[QUOTE="cheryl, post: 5044286, member: 1"] [LIST] [*][B][I]Consolidated Revenues of $23.2B, Up 9.2% from Last Year[/I][/B] [*][B][I]Consolidated Operating Profit of $2.9B, Up 22.6% from Last Year; Up 23.4% on[/I][/B] [*][B][I]an Adjusted* Basis[/I][/B] [*][B][I]Diluted EPS of $2.65, Up 18.3% from Last Year; Adjusted Diluted EPS Up 18.9%[/I][/B] [*][B][I]to $2.71[/I][/B] [*][B][I]Company Raises Full-Year 2021 Financial Guidance[/I][/B] [/LIST] UPS today announced third-quarter 2021 consolidated revenue of $23.2 billion, a 9.2% increase over the third quarter of 2020. Consolidated operating profit was $2.9 billion, up 22.6% compared to the third quarter of 2020, and up 23.4% on an adjusted basis. Diluted earnings per share were $2.65 for the quarter, 18.3% above the same period in 2020, and up 18.9% on an adjusted basis. For the third quarter of 2021, GAAP results include after-tax transformation and other charges of $54 million, equivalent to $0.06 per share. Year-to-date cash from operations was $11.8 billion, up 26.7% compared to the same period in 2020, with free cash flow of $9.3 billion, a 52.3% increase above the first nine months of 2020. “I want to thank all UPSers for delivering what matters with great service to our customers,” said Carol Tomé, UPS chief executive officer. “The actions we are taking under our better not bigger strategic framework to improve revenue quality, enhance productivity and remain disciplined on capital allocation are driving our positive financial performance.” [B]U.S. Domestic Segment[/B] [TABLE] [TR] [TD][/TD] [TD][B][U] 3Q 2021[/U][/B][/TD] [TD][B][U]Adjusted 3Q 2021[/U][/B][/TD] [TD][B][U] 3Q 2020[/U][/B][/TD] [TD][B][U]Adjusted 3Q 2020[/U][/B][/TD] [/TR] [TR] [TD]Revenue[/TD] [TD]$14,208 M[/TD] [TD][/TD] [TD]$13,225 M[/TD] [TD][/TD] [/TR] [TR] [TD]Operating profit[/TD] [TD]$1,407 M[/TD] [TD]$1,414 M[/TD] [TD]$1,098 M[/TD] [TD]$1,133 M[/TD] [/TR] [/TABLE] [LIST] [*]Revenue was up 7.4%, driven by a 12.0% increase in revenue per piece. [*]Operating margin was 9.9%; adjusted operating margin was 10.0%. [/LIST] [B]International Segment[/B] [TABLE] [TR] [TD][/TD] [TD][B][U] 3Q 2021[/U][/B][/TD] [TD][B][U]Adjusted 3Q 2021[/U][/B][/TD] [TD][B][U] 3Q 2020[/U][/B][/TD] [TD][B][U]Adjusted 3Q 2020[/U][/B][/TD] [/TR] [TR] [TD]Revenue[/TD] [TD]$4,720 M[/TD] [TD][/TD] [TD]$4,087 M[/TD] [TD][/TD] [/TR] [TR] [TD]Operating profit[/TD] [TD]$1,051 M[/TD] [TD]$1,108 M[/TD] [TD]$966 M[/TD] [TD]$972 M[/TD] [/TR] [/TABLE] [LIST] [*]Revenue increased 15.5%, with strong growth from all regions. [*]Operating margin was 22.3%; adjusted operating margin was 23.5%. [/LIST] [B]Supply Chain Solutions Segment[/B] [TABLE] [TR] [TD][/TD] [TD][B][U] 3Q 2021[/U][/B][/TD] [TD][B][U]Adjusted 3Q 2021[/U][/B][/TD] [TD][B][U] 3Q 2020[/U][/B][/TD] [TD][B][U]Adjusted 3Q 2020[/U][/B][/TD] [/TR] [TR] [TD]Revenue[/TD] [TD]$4,256 M[/TD] [TD][/TD] [TD]$3,926 M[/TD] [TD][/TD] [/TR] [TR] [TD]Operating profit[/TD] [TD]$438 M[/TD] [TD]$448 M[/TD] [TD]$299 M[/TD] [TD]$302 M[/TD] [/TR] [/TABLE] [LIST] [*]Revenue increased 8.4%, led by Forwarding and Logistics, which combined grew 35.4%. [*]Operating margin was 10.3%; adjusted operating margin was 10.5%. [/LIST] [B][U]Outlook[/U][/B] For the full year in 2021, the company is raising its consolidated adjusted operating margin target to approximately 13.0% and expects adjusted return on invested capital to be around 29%. Capital expenditures are now planned to be approximately $4.2 billion and the company’s effective tax rate is expected to be about 22.5%. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Pressroom News
UPS releases Q3 2021 earnings
Top