◦International Revenue and Operating Profit Climb 15%
◦Average Daily Exports grew 12%, Led by Europe and U.S. Trade Lanes
◦Supply Chain & Freight Operating Profit up 14% on 16% Revenue Growth
◦U.S. Domestic Revenue Rises 7.2% on 4.6% Volume Growth
◦Weather Conditions Muted First Quarter U.S. Domestic Results
◦Cash from Operations of $4.1B Resulted in Free Cash Flow* of $2.6B
◦Reaffirms Full-Year 2018 Adjusted EPS Guidance
UPS (NYSE:UPS) today announced that first-quarter 2018 earnings per share rose 17% to $1.55, led by double-digit operating profit growth in both International and Supply Chain and Freight segments. “Top-line growth in our business was strong across all business segments, reflecting the power of UPS’s global solutions and continued favorable economic conditions,” said UPS Chairman and CEO David Abney. “When combined with our transformation initiatives, these favorable trends position UPS for strong returns going forward.”
For the total company in 1Q 2018:
◦Total revenue increased 10% to $17.1 billion, on strong demand for UPS solutions.
◦Average yield increased by 4.3%, led by International and U.S. Deferred Air products.
◦UPS rewarded shareowners by increasing dividends per share by nearly 10% over the prior year, and distributing $840 million during the quarter.
◦To support investment strategies the company made capital expenditures of $1.5 billion.
◦The lower effective tax rate reflects a more competitive U.S. tax structure, some discrete tax items and includes the impact of share-based compensation.
◦First quarter results include the adoption of new accounting standards for pension and revenue recognition. Prior-period results were also recast to reflect these changes.
more detail at: https://www.pressroom.ups.com/pressroom/ContentDetailsViewer.page?ConceptType=PressReleases&id=1524667886426-821