- U.S. Domestic Daily Packages Increased 7.4%
- International Export Shipments Climb 9.1% per Day
- Supply Chain and Freight Segment Operating Profit Grows 11%
- Full-Year Adjusted EPS Guidance Lowered to a Range of $4.90 to $5.00
- Increases 2014 Expenditures for Capacity and Peak Projects to $175M
- Recognizes Charge to Move Teamsters to Defined Contribution Healthcare Plans
PS (NYSE: UPS) today announced adjusted diluted earnings per share of $1.21 for the second quarter of 2014, a 7.1% improvement over the prior year period. E-commerce shipping in the U.S. and strong International Export growth contributed to a 7.2% increase in global package shipments.
As previously announced, the company completed the transfer of post-retirement liabilities for certain Teamster employees to defined contribution healthcare plans and recorded an after-tax charge of $665 million. On a reported basis, including this charge, second quarter diluted earnings per share decreased 57% to $0.49.