Strong UPS Execution Drives Positive 3Q Results

◦UPS Revenue Rises 7% on Balanced Shipment Growth and Yield Expansion
◦International Operating Profit Climbs 8.9%; Currency-Neutral Profit* up 20%
◦Daily Export Volume up 19% for 3rd Straight Quarter of Double-Digit Growth
◦U.S. Domestic Revenue up 3.9% on Higher Package Demand and Yields
◦U.S. Operating Profit of $1.2B, Including $50M of Negative Hurricane Impact
◦Supply Chain & Freight Boosts Revenue more than 13%; Profits up 9.7%
◦Company Lifts Bottom of Guidance Range; Expects Full-Year 2017 Adjusted Earnings Per Share of $5.85 to $6.10

UPS (NYSE:UPS) today announced earnings per share of $1.45 for the third quarter.  All three major business units executed well during the quarter.  The company converted accelerating global demand for UPS solutions into solid financial results, despite one less operating day in 3Q 2017.

“UPS produced another solid quarter of financial performance, despite the impact of several natural disasters that slowed regional economic activity and damaged infrastructure,” said David Abney, UPS chairman and CEO.  “Our business segments adapted quickly to changing conditions this quarter, taking advantage of market opportunities while minimizing cost and service disruptions from recent events.”

For the total company in 3Q 2017:
◦Revenue increased 7.0%, and currency-neutral revenue* was up 7.1%.
◦Revenue increased in all segments and major product categories, as expanded customer demand spread across the company’s broad product portfolio.
◦Operating profit was $2.0 billion, driven by strong performance in the International and Supply Chain and Freight segments.
◦Year-to-date capital expenditures were $3.7 billion, supporting our investment strategies.
◦This year UPS has paid dividends of nearly $2.1 billion, an increase of 6.4% per share over the prior year, rewarding shareowners with continued strong dividend yield.
◦So far this year the company has repurchased 12.3 million shares for approximately $1.4 billion, reaffirming its commitment to return cash to shareowners.
more detail at:  https://www.pressroom.ups.com/pressroom/ContentDetailsViewer.page?ConceptType=PressReleases&id=1508958265835-425

Related Posts

Ad Groups Launch New Push For Federal Privacy Law (mediapost.com)

Faced a growing number of different state privacy laws, the Association of National Advertisers and 4A's on Monday launched a new initiative that aims to persuade federal lawmakers to pass a national data law that would override state laws. “We have spent years waiting for the federal government to do something,” Marla Kaplowitz, president and CEO of the 4A’s told MediaPost Monday. “We worry that that if we don't get to federal data privacy legislation, we're in big trouble,” she added. The new Responsible Privacy in Advertising Initiative expects to also update an industry self-regulatory code by the first quarter of 2024. The ad groups plan to then seek widespread compliance with the new code, and will likely argue to Congress that a federal privacy law should allow advertisers to harness data in ways permitted by the updated code.

U.S. Postal Service Ready to Deliver for America During the Holidays

"Our 2022 peak season was a tremendous success," said Postmaster General and CEO Louis DeJoy. “We are ready to deliver for the holidays in a superior and routine manner. We have been planning early and leveraging investments in our people, infrastructure, transportation and technology made possible by the Delivering for America plan. And with no holiday surcharges, we are strongly positioned to be America’s most affordable delivery provider this holiday season.” In 2022, the Postal Service processed more than 11.7 billion mailpieces and packages during the holiday season. On average, it took just 2.5 days to deliver a mailpiece or package to its intended destination. The Postal Service also announced it will not levy any additional surcharges for customers this holiday season, offering increased predictability in pricing for customers.

Paper or Digital Communication: New Two Sides Survey Shows U.S. Consumers Want the Right to Choose

In an attempt to reduce costs, many banks, utilities, insurers and other service providers are switching consumers from paper to electronic bills and statements, often without their consent, and some are now charging fees to receive paper statements. Others are urging their customers to switch from paper to digital communication because it’s “green” or “better for the environment.” But a recent survey commissioned by Two Sides North America and conducted by international research firm Toluna found that consumers want the freedom to choose how they receive important communications from the companies they do business with. The Two Sides survey showed that 81% of U.S. consumers believe they should have the right to choose how they receive important communications from their service providers, on paper or electronically, and 73% believe they should not be charged more for choosing a paper bill or statement. These percentages increased from 2021 by 78% and 67%, respectively. While using the internet can be a quick and convenient way to transact business, companies that default customers to electronic communication put at risk many Americans who do not have broadband access, cannot afford it or have difficulty using the internet.
Back To Top
×Close search
Search