UPS Reports 2Q EPS Of $1.58 As Revenue Grows Across All Segments

◦U.S. Domestic Operating Profit Jumps 13% and Margin Expands to 14.3%
◦U.S. Domestic Revenue up 8.1% on Strong Air & Ground Product Growth
◦Export Shipments Rise 12% with Gains from all International Regions
◦International Revenue up 2.8%, Currency-Neutral Revenue* 8.3% Higher
◦All Supply Chain & Freight Units Contribute to 12% Revenue Increase
◦Company Reiterates Full-Year 2017 Adjusted EPS Guidance

UPS (NYSE:UPS) today announced earnings per share of $1.58 for the second quarter of 2017, an increase of 11% versus the same period in 2016.  The improved earnings per share was due to 7.7% higher revenue.  All three business segments generated more profitable product mix, improved yields and better management of operating costs.

“UPS generated great year-over-year revenue gains in the second quarter and we produced solid earnings per share growth, consistent with our plans,” said David Abney, UPS chairman and CEO.  “We continue to invest in our network to expand our capabilities, our market presence and our global reach.”

For the total company in 2Q 2017:
◦Revenue increased 7.7%, currency-neutral revenue* jumped 8.9%.
◦Revenue increased in all segments and major product categories, as expanded customer demand spread across the company’s broad product portfolio.
◦Operating profit was up 8.7% to $2.2 billion driven by strong performance in the U.S. Domestic and Supply Chain and Freight segments.
◦The favorable year-over-year 2Q EPS comparison includes benefits of about $0.10, primarily from fuel and workers’ compensation.
◦Year-to-date capital expenditures to support investment strategies were $2.0 billion.
◦This year, UPS has paid dividends of nearly $1.4 billion, an increase of 6.4% per share over the prior year, rewarding shareowners with continued strong dividend yield.
◦As of June 30, 2017, the company has repurchased 8.4 million shares for more than $900 million, reaffirming its commitment to return cash to shareowners.
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