UPS publishes fourth quarter results

Quarterly figures

Marvin Meyke, 11.02.2020, 11:11

UPS publishes fourth quarter results

On January 31, UPS announced adjusted earnings per share of USD 2.11 for the fourth quarter of 2019, an increase of 8.8 percent compared to the same period of the previous year.

"Our transformational network enhancements have enabled UPS to meet higher demand for air products while increasing our productivity and achieving positive operating leverage," said David Abney, Chairman and CEO of UPS. "In 2020, we will continue to adapt to our changing environment, strengthen our network and develop new solutions to drive our strategic growth initiatives and help our customers grow and compete."

In the fourth quarter of 2019, non-cash fair value-based pension costs after tax of USD 1.8 billion and transformation-related costs after tax of USD 39 million were incurred, as well as a contingent liability and costs related to litigation after tax of USD 91 million in the US, mainly relating to the cigarette case in New York. The total impact on earnings per share amounted to USD 2.23 per diluted share. In the prior year period, the company's GAAP results for the fourth quarter showed a fair value pension expense of $1.42 per diluted share.

You might also be interested in

Major project in the Korean retail sector

Knapp builds Korea's largest shuttle system

Together with Knapp and Doosan Logistics Solutions, Asung Daiso is building a new highly automated omnichannel logistics center in Yangju, South Korea. The facility is the largest shuttle system ever built by Knapp in South Korea.

Kion gets off to a strong start in 2026

Significant increase in incoming orders

The intralogistics company Kion Group records a significant increase in order intake in the first quarter of 2026 and increases profitability and cash flow despite geopolitical uncertainties.

Fully automated large warehouse launched in Páty

Gebrüder Weiss has put an automated warehouse into operation in Hungary, largely replacing manual processes. The new logistics center near Budapest increases efficiency, capacity and sustainability and at the same time responds to increasing demands...

Integration of a robotics solution

Lyreco modernizes logistics center in France

Lyreco is pressing ahead with the automation of its central site in Villaines-la-Juhel with an investment volume of over 25 million euros.

Unitechnik modernizes Hela logistics

Retrofit and new build closely linked

Hela Gewürzwerk Hermann Laue has laid the foundations for further growth at its Ahrensburg site by comprehensively modernizing its logistics. Together with Unitechnik Systems, a logistics center was created that combines new and existing structures.

Logistics service provider

Fiege builds new logistics center in Hesse

The Fiege Group began construction work on its new logistics center in Hessisch Lichtenau in October. The property, which is scheduled for completion in autumn 2026, will have almost 52,000 square meters of logistics space spread across five bays as...

New multi-user center

Fiege builds new logistics center in Hamminkeln

The Fiege Group begins construction work on a new logistics center in Hamminkeln in September. The property, which is scheduled for completion in autumn 2026, will have almost 55,000 square meters of logistics space.