UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2024
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Should l Buy TPOR?
Source: Benzinga
- UPS First Quarter FY24 Results:
- Revenue declined 5.3% year-over-year to $21.7 billion, missing consensus.
- Adjusted EPS was $1.43, beating expectations.
- Consolidated operating profit decreased by 36.5% year-over-year.
- Segment Performance:
- U.S. Domestic Segment revenue fell 5.0% due to a decrease in average daily volume.
- International Segment revenue decreased by 6.3%.
- Supply Chain Solutions Segment revenue dropped by 5.3%.
- Financials and Outlook:
- Operating cash flow for the quarter was $3.3 billion, with free cash flow at $2.3 billion.
- UPS reaffirmed its 2024 outlook with revenue expectations of $92 billion-$94.5 billion.
- Capital expenditures for 2024 are estimated at about $4.5 billion.
- Future Projections:
- UPS anticipates consolidated revenue of $108 billion – $114 billion by FY26.
- Expectations include an adjusted operating margin above 13% and free cash flow of $17 billion – $18 billion.
- Recent Developments and Stock Information:
- UPS won a significant air cargo contract from the United States Postal Service (USPS).
- Investors can access UPS stock through IShares Trust IShares U.S. Transportation ETF and Direxion Daily Transportation Bull 3X Shares.
- Pre-market, UPS shares were up 0.30% at $145.80.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
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UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
- UPS First Quarter FY24 Results:
- Revenue declined 5.3% year-over-year to $21.7 billion, missing consensus.
- Adjusted EPS was $1.43, beating expectations.
- Consolidated operating profit decreased by 36.5% year-over-year.
- Segment Performance:
- U.S. Domestic Segment revenue fell 5.0% due to a decrease in average daily volume.
- International Segment revenue decreased by 6.3%.
- Supply Chain Solutions Segment revenue dropped by 5.3%.
- Financials and Outlook:
- Operating cash flow for the quarter was $3.3 billion, with free cash flow at $2.3 billion.
- UPS reaffirmed its 2024 outlook with revenue expectations of $92 billion-$94.5 billion.
- Capital expenditures for 2024 are estimated at about $4.5 billion.
- Future Projections:
- UPS anticipates consolidated revenue of $108 billion – $114 billion by FY26.
- Expectations include an adjusted operating margin above 13% and free cash flow of $17 billion – $18 billion.
- Recent Developments and Stock Information:
- UPS won a significant air cargo contract from the United States Postal Service (USPS).
- Investors can access UPS stock through IShares Trust IShares U.S. Transportation ETF and Direxion Daily Transportation Bull 3X Shares.
- Pre-market, UPS shares were up 0.30% at $145.80.
See More
UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
See More
UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
- UPS First Quarter FY24 Results:
- Revenue declined 5.3% year-over-year to $21.7 billion, missing consensus.
- Adjusted EPS was $1.43, beating expectations.
- Consolidated operating profit decreased by 36.5% year-over-year.
- Segment Performance:
- U.S. Domestic Segment revenue fell 5.0% due to a decrease in average daily volume.
- International Segment revenue decreased by 6.3%.
- Supply Chain Solutions Segment revenue dropped by 5.3%.
- Financials and Outlook:
- Operating cash flow for the quarter was $3.3 billion, with free cash flow at $2.3 billion.
- UPS reaffirmed its 2024 outlook with revenue expectations of $92 billion-$94.5 billion.
- Capital expenditures for 2024 are estimated at about $4.5 billion.
- Future Projections:
- UPS anticipates consolidated revenue of $108 billion – $114 billion by FY26.
- Expectations include an adjusted operating margin above 13% and free cash flow of $17 billion – $18 billion.
- Recent Developments and Stock Information:
- UPS won a significant air cargo contract from the United States Postal Service (USPS).
- Investors can access UPS stock through IShares Trust IShares U.S. Transportation ETF and Direxion Daily Transportation Bull 3X Shares.
- Pre-market, UPS shares were up 0.30% at $145.80.
See More
