UPS Releases 3Q 2019 Earnings

posted on 22nd October 2019 by Eddie Saunders
UPS Releases 3Q 2019 Earnings

UPS (NYSE:UPS) today announced third-quarter 2019 adjusted earnings per share of $2.07, a 13.7% increase over the same period last year.  The company delivered strong operating profit growth of more than 20%, led by the U.S. Domestic and International segments. U.S. Domestic performed exceptionally well year-over-year, with volume gains across all products. 

Operating Profit Up More Than 20%, with Margin Expansion in All Segments

•             3Q19 EPS of $2.01, Up More Than 16%; Adjusted* EPS Up 13.7% to $2.07

•             U.S. Daily Volume Grew Above 9%; Next Day Air Volume Jumped Nearly 24%

•             U.S. Operating Profit Rose Over 28%; Grew Nearly 26% on an Adjusted Basis

•             Positive Operating Leverage in U.S. Driven by Lower Unit Cost

•             International Operating Profit Up 24.4%; and 20.3% on an Adjusted Basis

•             Supply Chain and Freight Operating Margin of 7.3%; Adjusted Margin of 7.6%

•             Reaffirms 2019 Adjusted EPS and Raises Adjusted FCF Target to Over $4.0B