UPS Releases 1Q 2024 Earning

The Postal Regulatory Commission is pleased to announce that President Joseph R. Biden, Jr. has designated Commissioner Michael M. Kubayanda chairman of the Commission, succeeding Robert G. Taub. “I am grateful for the opportunity to serve as chairman and look forward to serving all Americans, working with my colleagues in the Commission and throughout the Federal government, and connecting with a wide spectrum of stakeholders,” said Chairman Kubayanda. “I would especially like to thank Chairman Taub for his exceptional leadership of the Commission for more than six years. I plan to continue his approach of bipartisanship and collegiality.” Regarding the appointment, former Chairman Taub said, “A hearty congratulations to Chairman Kubayanda upon his designation. Chairman Kubayanda brings a wealth of experience and an enormous skill set to the role of chair. I know he will lead this agency quite well, and he has a great team to support him. It has been a true honor and privilege to serve as the head of the Commission for more than six years. I am proud of the Commission’s accomplishments during this time, which could not have been achieved without our fantastic agency staff. I know the Commission will continue that excellent work under Chairman Kubayanda’s leadership.”

Two authors from Penguin Random House, Jayne Anne Phillips and Cristina Rivera Garza, were awarded a Pulitzer Prize this year. They won in the “Fiction” and “Memoir or Autobiography” categories. Since the Pulitzer Prize was introduced in 1917, a total of 137 Penguin Random House authors have received the famous award. It is the continuation of a fine tradition that goes back more than 100 years. When this year’s Pulitzer Prize winners were announced at Columbia University in New York on Monday, Penguin Random House authors were once again among the honorees: Jayne Anne Phillips and Cristina Rivera Garza were honored in the “Fiction” and “Memoir or Autobiography” categories. The Pulitzer Prize is one of the most prestigious literary prizes in the United States, and is given in the categories of “Fiction,” “History,” “Biography,” “Memoir or Autobiography,” “Poetry,” and “General Nonfiction.”

Fourth Quarter 2022 Financial Highlights *Delivered sales of $3.8 billion, up 13.2%, or 17.2% on a daily, constant currency basis *Achieved reported operating margin of 14.3%, up 190 basis points, or 13.8% on an adjusted basis, up 135 basis points. Full Year 2022 Financial Highlights *Grew sales to $15.2 billion, up 16.9%, or 19.3% on a daily, constant currency basis *Realized reported operating margin of 14.5%, up 265 basis points, or 14.4% on an adjusted basis, up 255 basis points *Produced $1.3 billion in operating cash flow and returned $949 million to Grainger shareholders through dividends and share repurchases