UPS Delivers 1Q 2018 EPS Of $1.55, Up 17%

◦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

Related Posts

Congress discusses a bill that would stop states from expanding online sales tax collection

A bill that would limit states’ ability to enforce sales tax collection laws on online retailers that do not have a physical presence in those states had its first hearing on Capitol Hill today. H.R. 2887, introduced by Rep. James Sensenbrenner (R-WI) and titled the “No Regulation Without Representation Act,” went before the House Judiciary Committee’s Subcommittee on Regulatory Reform, Commercial, and Antitrust Law this morning. The bill would prohibit states from forcing businesses that do not have a physical presence in the state to collect sales tax from in-state shoppers that buy from them. Click Read More below for more of the story.

Ann C. Fisher Elected Vice Chairman of the Postal Regulatory Commission

Postal Regulatory Commission Chairman Michael Kubayanda announced the election of Commissioner Ann C. Fisher as vice chairman of the agency. PRC regulations state that the Commission elect a member to serve as vice chairman for a term of one year. In making the announcement, Chairman Kubayanda said, “Congratulations to Vice Chairman Fisher on her election to the vice chair role for 2022. She brings extensive experience and knowledge of postal issues to the position. I would also like to thank Commissioner Ashley Poling for her excellent service as vice chairwoman throughout calendar year 2021.” Vice Chairman Fisher was appointed commissioner of the PRC in August 2019 following her nomination by President Donald J. Trump and confirmation by the United States Senate. Her experience with postal issues spans close to 3 decades.

HH Global announces the signing of an agreement to acquire Adare International

HH Global is pleased to announce the signing of an agreement on Monday 21 June 2021 to fully acquire Adare International from the private equity firm Endless LLP. Adare is a British-headquartered provider of marketing services with strong procurement, creative and data offerings. The combined global business will consist of more than 4,000 employees across more than 50 countries, generating approximately $2.1bn in annual sales as HH Global consolidates our leading position in the sector. Consistent with the recent merger with InnerWorkings, the fundamental rationale for the deal is the strategic fit, in that the businesses are tremendously complementary. Geographically, the acquisition enhances our international footprint and scope, particularly in Europe and Latin America. From a solutions perspective, Adare has an excellent procurement offering, as well as bringing expanded content and interactive service lines which we’re excited about taking to our clients.
Back To Top
×Close search
Search