Transformation Improves Efficiency and Revenue Quality
UPS (NYSE:UPS) today announced first-quarter 2019 earnings strengthened by higher-quality revenue and benefits from investments in its global network. First-quarter adjusted results exclude a pre-tax charge of $123 million, or $0.11 per share after tax, due to Transformation-related charges. These projects will create efficiencies across the enterprise and produce higher-quality revenue growth.
“The first quarter marked a good start to the year, as we executed against our strategy and generated solid performance across our business,” said David Abney, UPS chairman and CEO. “Our Transformation initiatives are enhancing revenue quality and creating network efficiencies that will increase our long-term earnings power. We are on a path to take advantage of growth opportunities and enhance our future performance.”
- 1Q19 EPS of $1.28; 1Q19 Adjusted^ EPS of $1.39
- Weather Lowered U.S. Profit by about $80M or $0.07 EPS
- U.S. Daily Air Volume Rose Nearly 8%; Growth Across All Products
- U.S. Revenue Yields Up, Led by Ground Products
- Supply Chain and Freight Operating Profit Up Nearly 18%; Adjusted Operating Profit Increased More Than 24%
- International Operating Margin of 15.3%; Adjusted Operating Margin of 17.7%
- Cash from Operations of $2.3B; Free Cash Flow about $760M
- UPS reaffirms adjusted diluted EPS in the range of $7.45 to $7.75
UPS (NYSE:UPS) today announced first-quarter 2019 earnings strengthened by higher-quality revenue and benefits from investments in its global network. First-quarter adjusted results exclude a pre-tax charge of $123 million, or $0.11 per share after tax, due to Transformation-related charges. These projects will create efficiencies across the enterprise and produce higher-quality revenue growth.
“The first quarter marked a good start to the year, as we executed against our strategy and generated solid performance across our business,” said David Abney, UPS chairman and CEO. “Our Transformation initiatives are enhancing revenue quality and creating network efficiencies that will increase our long-term earnings power. We are on a path to take advantage of growth opportunities and enhance our future performance.”
