UPS announced fourth-quarter 2020 consolidated revenue of $24.9 billion, a 21.0% increase over the fourth quarter of 2019. Consolidated average daily volume increased 10.6% year over year. Operating profit was $2.2 billion, up 1.6% compared to last year’s fourth quarter, or 26.0% on an adjusted basis. Net loss was $3.3 billion for the quarter; adjusted net income was $2.3 billion or 26.4% above the same period last year. In the fourth quarter, diluted loss per share was $3.75, compared to a diluted loss per share of $0.12 in the fourth quarter of 2019.
Trade (Consumer Book) Revenues fall 6.4% in March, but up 2.0% Year-to-Date
The Association of American Publishers (AAP) today released its StatShot report for March 2022 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. The report does not include Pre-K revenue due to delays in data collection, but will be updated as soon as that data becomes available.
Total revenues across all categories, excluding PreK-12, for March 2022 were down 4.2% as compared to March 2021, coming in at $804.4 million. Year-to-date revenues were up 1.1%, at $3.0 billion for the first three months of the year.
Trade (Consumer Books) Revenues
Trade (Consumer Books) sales were down 6.4% in March, coming in at $702.5 million.
In terms of physical paper format revenues during the month of March, in the Trade (Consumer Books) category, Hardback revenues were down 19.0%, coming in at $238.1 million; Paperbacks were up 8.6%, with $266.0 million in revenue; Mass Market was down 30.7% to $14.3 million; and Special Bindings were down 17.6%, with $12.7 million in revenue. Paper formats still account for 75.6% of all trade sales.
eBook revenues were down 12.2% for the month as compared to March 2021 for a total of $76.9 million. The Downloaded Audio format was up 8.4% for March, coming in at $63.5 million in revenue. Physical Audio was down 20.1% coming in at $1.3 million.
much more at: https://publishers.org/news/aap-march-2022-statshot-report-publishing-industry-up-1-1-year-to-date-but-down-4-2-for-march%ef%bf%bc/