Originally Posted by
Freighter Captain
United Parcel Service's CEO Discusses Q4 2011 Results - Earnings Call Transcript - Seeking Alpha
Some highlights from the C.E.O and C.F.O...
- "2011 was a record year for UPS" - Kurt Kuehn
- Record 2011 revenue of $53.1 billion, up more than 7%
- Highest operating margin in the industry-15.8%
- Solid top line growth in a challenging economic environment
- 20% improvement in operating profit
- Busiest peak ever, delivering almost 500 million packages between Thanksgiving and Christmas
- Revenue per piece up 3.4%
- Record earnings per share
- Strong growth from Poland, Turkey and France
- Free cash flow exceeding $5 billion
- Robust growth in e-commerce
- U.S. market performed very well, going at a faster pace than projected
- Solid growth in Europe
- Asian volume lagged expectations
- 2012: global economic expansion is expected to be slightly below the rate seen in 2011
- U.S. is one of the few economies where expectations are greater than 2011
- Asian growth is still projected to outpace the rest of the world
- Repurchased 38.7 million shares in 2011 for approximately $2.7 billion
Wait till they replace the pilot group with UAVs! Of course that will NEVER happen.......just like they will NEVER furlough. One thing I have learned is never say never.
