Category: UPS Press Release

• 3Q18 EPS of $1.73, up More Than 20%; Adjusted EPS up 26% to $1.82
• U.S. Domestic Revenue up 8.1% on Growth and Accelerating Yields
• International Currency-Neutral Revenue Grew 5%, with Gains in all Regions
• International Year-Over-Year Comparisons Affected by Headwinds from Currency and Fuel
• Supply Chain & Freight Operating Profit up 24%; Adjusted Operating Profit Jumps 33%
• YTD Cash from Operations was $9.4B and Free Cash Flow was up to $4.9B
• Raising Free Cash Flow Guidance to Over $5B and Reaffirming Adjusted EPS

UPS (NYSE:UPS) today announced third-quarter diluted earnings per share of $1.73, up more than 20%, and adjusted, diluted earnings per share of $1.82, up 26%.

Third-quarter adjusted results exclude a pre-tax charge of $97 million, or $0.09 per share after tax, due to transformation-related costs.  These projects are a part of the company’s transformation initiatives that will create efficiencies across the enterprise.  Transformation will also produce higher-quality revenue growth.

• Strategically located 1.2 Million square-foot regional sortation and distribution center the second largest in UPS U.S. network; will sort 100,000 pieces per hour
• New operation streamlines processing and expands capacity for rapidly growing package volume throughout the Southeast U.S.
• Advanced scanning and sortation technology integrate with data-driven tools to increase efficiency and service reliability
• Area business and retail customers gain speed to market from UPS connectivity to regional transportation infrastructure

• One-day hiring blitz on October 19 part of UPS’s larger effort to hire about 100,000 seasonal employees
•  Nearly 170 job fairs across the country; anticipate signing up nearly 40,000 in one day

UPS (NYSE: UPS) announced today that it expects to sign-up nearly 40,000 seasonal employees this Friday, in a one-day hiring blitz it’s calling ‘UPS Brown Friday’.

Contributes Immediate and Long-Term Recovery Assistance Through its Network of Public-Private Partnerships

The UPS Foundation today announced a $1.5 million commitment to support relief and recovery efforts for the earthquake/tsunami in Indonesia and Hurricane Michael in Florida. Through a combination of cash grants, in-kind transportation movements and technical expertise, The UPS Foundation, in collaboration with its disaster relief partners, will provide urgent relief, as well as support for long-term needs ranging from rebuilding to personal and financial recovery assistance. Last month, The UPS Foundation also committed more than $1 million to assist with Hurricane Florence relief efforts.

• Fleet owners are drawn to sustainability benefits and lower ownership costs
• Infrastructure and vehicle availability remain challenges

Attaining environmental benefits and lower cost of ownership are driving more commercial fleets to electrify, according to a UPS (NYSE: UPS) and GreenBiz study released today. In the “Curve Ahead: The Future of Fleet Electrification” report, industry leaders identify the main motivations and barriers to electrification, as well as strategies to move the commercial electric vehicle market from niche to mainstream.