- Consolidated Revenues of $23.2B, Up 9.2% from Last Year
- Consolidated Operating Profit of $2.9B, Up 22.6% from Last Year; Up 23.4% on
- an Adjusted* Basis
- Diluted EPS of $2.65, Up 18.3% from Last Year; Adjusted Diluted EPS Up 18.9%
- to $2.71
- Company Raises Full-Year 2021 Financial Guidance
UPS today announced third-quarter 2021 consolidated revenue of $23.2 billion, a 9.2% increase over the third quarter of 2020. Consolidated operating profit was $2.9 billion, up 22.6% compared to the third quarter of 2020, and up 23.4% on an adjusted basis. Diluted earnings per share were $2.65 for the quarter, 18.3% above the same period in 2020, and up 18.9% on an adjusted basis.
For the third quarter of 2021, GAAP results include after-tax transformation and other charges of $54 million, equivalent to $0.06 per share. Year-to-date cash from operations was $11.8 billion, up 26.7% compared to the same period in 2020, with free cash flow of $9.3 billion, a 52.3% increase above the first nine months of 2020.
“I want to thank all UPSers for delivering what matters with great service to our customers,” said Carol Tomé, UPS chief executive officer. “The actions we are taking under our better not bigger strategic framework to improve revenue quality, enhance productivity and remain disciplined on capital allocation are driving our positive financial performance.”
Criminal charges were filed this week against an employee at UPS accused of stealing over $100,000 in jewelry and other valuable metals.