Earnings report Jan 30
#1
Gets Weekends Off
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Joined APC: Mar 2021
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Earnings report Jan 30
#2
Occasional box hauler
Joined APC: Jan 2018
Posts: 1,692
Only $530,000,000/month profit
United Parcel Service’s revenue declined in the last quarter of 2023 as volumes in both its domestic and international businesses dropped.
The package-delivery giant said Tuesday that the top line of its U.S. business fell 7.3% in the fourth quarter while volumes fell at a similar rate. Volumes slid even further in its international business, driven primarily by softness in Europe.
Shares slid nearly 7% in premarket trading to $147.10.
Chief Executive Carol Tomé said 2023 was a “unique and difficult year.” The Atlanta-based company is guiding for annual revenue to return to growth in 2024 but still come in below 2022’s total.
Here is UPS’s quarter, by the numbers:
Revenue fell 7.8% to $24.92 billion, undershooting analyst projections, according to FactSet.
Profit fell by more than half to $1.61 billion.
Adjusted per-share earnings, which strip out one-time items, of $2.47 narrowly beat analyst forecasts, according to FactSet.
UPS expects $92 billion to $94.5 billion in revenue for 2024, with an adjusted operating margin of about 10% to 10.6%.
The package-delivery giant said Tuesday that the top line of its U.S. business fell 7.3% in the fourth quarter while volumes fell at a similar rate. Volumes slid even further in its international business, driven primarily by softness in Europe.
Shares slid nearly 7% in premarket trading to $147.10.
Chief Executive Carol Tomé said 2023 was a “unique and difficult year.” The Atlanta-based company is guiding for annual revenue to return to growth in 2024 but still come in below 2022’s total.
Here is UPS’s quarter, by the numbers:
Revenue fell 7.8% to $24.92 billion, undershooting analyst projections, according to FactSet.
Profit fell by more than half to $1.61 billion.
Adjusted per-share earnings, which strip out one-time items, of $2.47 narrowly beat analyst forecasts, according to FactSet.
UPS expects $92 billion to $94.5 billion in revenue for 2024, with an adjusted operating margin of about 10% to 10.6%.
#3
maxing the min/Moderator
Joined APC: Aug 2005
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Reported that headcount will decrease in 2024 by 12,000...CEO says we have way too many managers
March 26 will be the big call that lays out the future plan.
March 26 will be the big call that lays out the future plan.
Last edited by jetlaggy; 01-30-2024 at 09:26 AM.
#5
Occasional box hauler
Joined APC: Jan 2018
Posts: 1,692
#7
Q4'23 Adjusted (non-GAAP) Total Operating Profit: $2.787B
Q4'23 Adjusted (non-GAAP) Net Income: $2.117B
Q4'23 GAAP Net Income: $1.605B
2023 Adjusted (non-GAAP) YTD Total Operating Profit: $9.873B
2023 Adjusted (non-GAAP) YTD Net Income: $7.554B
2023 GAAP YTD Net Income: $6.708B
Absolutely nobody should be surprised that revenue, income and volume were down compared to the COVID spike-driven record highs of 2022...they were never going to be sustainable.
Q4'23 Adjusted (non-GAAP) Net Income: $2.117B
Q4'23 GAAP Net Income: $1.605B
2023 Adjusted (non-GAAP) YTD Total Operating Profit: $9.873B
2023 Adjusted (non-GAAP) YTD Net Income: $7.554B
2023 GAAP YTD Net Income: $6.708B
Absolutely nobody should be surprised that revenue, income and volume were down compared to the COVID spike-driven record highs of 2022...they were never going to be sustainable.
#8
Gets Weekends Off
Joined APC: Oct 2023
Posts: 119
Q4'23 Adjusted (non-GAAP) Total Operating Profit: $2.787B
Q4'23 Adjusted (non-GAAP) Net Income: $2.117B
Q4'23 GAAP Net Income: $1.605B
2023 Adjusted (non-GAAP) YTD Total Operating Profit: $9.873B
2023 Adjusted (non-GAAP) YTD Net Income: $7.554B
2023 GAAP YTD Net Income: $6.708B
Absolutely nobody should be surprised that revenue, income and volume was down compared to the COVID spike-driven record highs of 2022...they were never going to be sustainable.
Q4'23 Adjusted (non-GAAP) Net Income: $2.117B
Q4'23 GAAP Net Income: $1.605B
2023 Adjusted (non-GAAP) YTD Total Operating Profit: $9.873B
2023 Adjusted (non-GAAP) YTD Net Income: $7.554B
2023 GAAP YTD Net Income: $6.708B
Absolutely nobody should be surprised that revenue, income and volume was down compared to the COVID spike-driven record highs of 2022...they were never going to be sustainable.
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