Banned Books Week, the annual celebration of the freedom to read, will be held the week of September 24th in 2017. For this year’s celebration, the coalition of organizations that sponsors Banned Books Week will emphasize the importance of the First Amendment, which guarantees our inherent right to read. Censorship is happening and it is infringing on the right of readers. According to the American Library Association’s Office for Intellectual Freedom (OIF) – which tracks reports of book challenges and bans and compiles an annual Top Ten Challenged Books List – there was an alarming 17% increase in book censorship complaints in 2016. Since most challenges are not reported, the actual number is probably much higher. Even more disturbing, while only 10% of the titles reported to OIF are normally removed from the institutions receiving the challenges, half of the most frequently challenged books were actually banned last year. Click Read More below for more of the story.
- Transformation Improves Efficiency and Revenue Quality
- 1Q19 EPS of $1.28; 1Q19 Adjusted^ EPS of $1.39
- Weather Lowered U.S. Profit by about $80M or $0.07 EPS
- U.S. Daily Air Volume Rose Nearly 8%; Growth Across All Products
- U.S. Revenue Yields Up, Led by Ground Products
- Supply Chain and Freight Operating Profit Up Nearly 18%; Adjusted Operating Profit Increased More Than 24%
- International Operating Margin of 15.3%; Adjusted Operating Margin of 17.7%
- Cash from Operations of $2.3B; Free Cash Flow about $760M
- UPS reaffirms adjusted diluted EPS in the range of $7.45 to $7.75
UPS (NYSE:UPS) today announced first-quarter 2019 earnings strengthened by higher-quality revenue and benefits from investments in its global network. First-quarter adjusted results exclude a pre-tax charge of $123 million, or $0.11 per share after tax, due to Transformation-related charges. These projects will create efficiencies across the enterprise and produce higher-quality revenue growth.
“The first quarter marked a good start to the year, as we executed against our strategy and generated solid performance across our business,” said David Abney, UPS chairman and CEO. “Our Transformation initiatives are enhancing revenue quality and creating network efficiencies that will increase our long-term earnings power. We are on a path to take advantage of growth opportunities and enhance our future performance.”