UPS Releases 2Q 2019 Earnings

Discussion in 'UPS Pressroom News' started by ROBO MOD, Jul 24, 2019.

  1. ROBO MOD

    ROBO MOD I'm a Robot Staff Member

    Operating Profit Up in All Segments

    • 2Q19 EPS of $1.94; 2Q19 Adjusted* EPS of $1.96
    • U.S. Daily Volume Grew Over 7%; Next Day Air Volume Soared Over 30%
    • U.S. Operating Profit Increased Nearly 29%; Up 8% on an Adjusted Basis
    • International Boosts Operating Margins to 18.9%; Adjusted Margins of 19%
    • Supply Chain and Freight Operating Profit Increased Nearly 26%; Adjusted Operating Profit Up More Than 10%
    • Cash from Operations of $4.2B; Adjusted Free Cash Flow Near $2.2B
    • UPS reaffirms adjusted full-year diluted EPS in the range of $7.45 to $7.75
    UPS (NYSE:UPS) today announced second-quarter 2019 adjusted earnings per share of $1.96. The company turned the rising demand for next-day service into strong financial results in the U.S. and leveraged asset-light and proven cost management strategies in the International and Supply Chain and Freight segments.

    “Our Transformation initiatives are generating greater efficiencies across the network and, when combined with our growth strategies, UPS achieved profit growth in all segments,” said David Abney, UPS chairman and CEO. “We also announced a very extensive roll-out of new products and services such as UPS My Choice for Business, expanded UPS Access Points, and UPS Worldwide Economy, among others, for small- and medium-sized businesses, all designed to generate additional profitable growth.”

    Amounts presented on an adjusted basis exclude Transformation strategy costs. Second-quarter 2019 adjusted results exclude a pre-tax charge of $21 million, or $0.02 per share after tax. Second-quarter 2018 adjusted results excluded a pre-tax charge of $263 million, or $0.23 per share after tax, primarily from the UPS Voluntary Retirement Program.