Quarterly figures
UPS announces quarterly results
UPS has published its results for the second quarter of 2019.
Operating profit increases in all segments. The company announced adjusted earnings per share of $1.96 for the second quarter of 2019. UPS translated growing demand for next-day services into strong financial results in the U.S. and benefited from asset-light and proven cost management strategies in its International, Supply Chain and Freight businesses.
"Our transformation initiatives are creating greater efficiencies across our network and, together with our growth strategies, have helped UPS increase profits in all segments," said David Abney, Chairman and CEO of UPS.
The daily volume in the USA rose by more than 7%. Next-day air transport volumes also increased by more than 30 percent. Operating profit in the USA increased by just under 29%, or 8% on an adjusted basis.
The company has recorded growth not only in the USA but also internationally: The international segment increased its profit margin to 18.9%, while the adjusted profit margin amounted to 19%.
Operating profit for the Supply Chain and Freight divisions increases by nearly 26 percent and adjusted operating profit increases by more than 10 percent. In addition, UPS confirms diluted earnings per share for the full fiscal year in the range of USD 7.45 to USD 7.75
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