UPS announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. Operating profit was $2.2 billion, and adjusted operating profit was $2.3 billion, up 7.4% compared to last year’s second quarter. Diluted earnings per share was $2.03 and adjusted diluted earnings per share was $2.13, up 8.7% from the same period last year. GAAP results included a pre-tax transformation charge of $112 million, equivalent to $0.10 per share. In the prior year period, GAAP results included a pre-tax charge for transformation costs of $21 million, equivalent to $0.02 per share.
Today, Meredith Corporation is the largest media company in the world and they sustain that position by not slowing down. Scott Mortimer is vice president & group publisher over at Meredith, and he knows that new blood pumping through the company’s veins is a life giver for sure. From wildly compatible and sustainable partnerships to unbelievably innovative ideas that shift the company to another level, Scott is looking forward to the future and has his eye on the prize for Meredith: more new titles.
I spoke with Scott recently and we talked about the changes that are constantly a part of the magazine and magazine media life today. Scott says that while that can be a challenge and not for the faint of heart, at Meredith, the scale and size that they approach challenges with, makes them look forward to the opportunities.
I hope that you enjoy this very fascinating discussion with Scott Mortimer, vice president & group publisher, Meredith Corporation, as he talks about the enormous growth opportunity special interest titles offer the company, and quite possibly, magazines in general.
Please enjoy this Mr. Magazine™ interview at: https://mrmagazine.wordpress.com/2020/02/18/scott-mortimer-meredith-corporations-vice-president-group-publisher-to-samir-mr-magazine-husni-the-business-is-constantly-changing-and-here-at-me/