UPS Announces 2nd Quarter Expected Results

Discussion in 'UPS Pressroom News' started by cheryl, Jul 12, 2013.

  1. cheryl

    cheryl I started this. Staff Member

    Lowers Full-Year EPS Expectations

    UPS announced that second quarter diluted earnings per share are expected to be $1.13. Overcapacity in the global air freight market, increasing customer preference for lower-yielding shipping solutions, and a slowing U.S. industrial economy drove revenue and operating profit below expectations. In addition, UPS experienced some slowing in package volume growth as a result of labor negotiations.

    "We expect the second quarter market trends to persist and UPS is adapting to meet these conditions," said Kurt Kuehn, UPS Chief Financial Officer. "Despite downward revisions to economic forecasts for the second half of the year, we anticipate solid profit growth. However, we are reducing guidance for 2013 adjusted diluted EPS to a range of $4.65 to $4.85, a 3 - 7% increase over last year."

    The company will release its second quarter results on Tuesday, July 23, 2013, at approximately 7:45 a.m. ET. At 8:30 a.m. ET, UPS will conduct an investor conference call. This call will be open to reporters and the public on a listen-only basis, via a live Webcast. To listen to the live Webcast, go to

    Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, our competitive environment, increased security requirements, strikes, work stoppages and slowdowns, changes in energy prices, governmental regulations and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.
  2. pissedoffupser

    pissedoffupser New Member

    I am sure that most of it is because UPS is losing customers because of the :censored2::censored2::censored2::censored2:ty customer service that they are giving anymore. It is all about making a dollar instead of doing what UPS was built on which is service. Also, all the excessive overtime being paid out can't help either. I am not sure how it makes financial sense to cut routes and pay 3 drivers overtime for an extra 2 hours a day to cover the workload that a driver can do in 8 hours of normal pay. You don't have to be a genius to figure it out. But someone at UPS knows what they are doing I guess.