UPS 2nd Qtr Results
07-25-2012, 07:24 AM
#11
Gets Weekends Off
Joined APC: Aug 2006
Posts: 3,931
So far this year, UPS has paid dividends totaling $1.1 billion, representing a 9.5% increase per share. In addition, we've repurchased 11.3 million shares for approximately $870 million. Regarding share repurchases, we are on track to spend $1.5 billion in 2012, and outstanding share count in the third quarter will be similar to the second.
"The pilots we're keeping on furlough helped increase the dividend and stock options for our industry leading management bonus program. Someone please pop open the champagne."
Hey UPS'ers - Good job keeping a 4A2b style pay cut program out of the contract. It has preserved pay for the vast majority of the seniority list. Considering that you should be able to continue the ban unless you have become exhausted and just want a return to normalcy. Thought you guys were tougher than the FedEx group. Guess not.
Maybe the IPA leadership wants to purge the furloughs as much management?
Last edited by Gunter; 07-25-2012 at 07:36 AM.
07-25-2012, 07:34 AM
#12
Gets Weekends Off
Joined APC: Apr 2005
Position: 757/767
Posts: 1,128
Originally Posted by Gunter
Translation -
"Our pilots on furlough helped increase the dividend and funded stock options for our industry leading management bonus program. Someone please pop open the champagne."
"Our pilots on furlough helped increase the dividend and funded stock options for our industry leading management bonus program. Someone please pop open the champagne."
07-25-2012, 01:41 PM
#13
Line Holder
Thread Starter
Joined APC: Jun 2011
Position: Retired
Posts: 44
what about this...
Yes. Great, Tom. I think you're right on target with that. As you know, we've been wrestling and working through the International trends for the last couple of quarters. Frankly, the velocity of the declines, being double digits in Asia both to Europe and U.S., were a little higher than we anticipated, but we have been in the process of making network changes and expect another 10% to come out during the next quarter.
Yes. Great, Tom. I think you're right on target with that. As you know, we've been wrestling and working through the International trends for the last couple of quarters. Frankly, the velocity of the declines, being double digits in Asia both to Europe and U.S., were a little higher than we anticipated, but we have been in the process of making network changes and expect another 10% to come out during the next quarter.
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