earnings
confidence high
sentiment positive
materiality 0.80
UPS Q1 2022: EPS $3.03 / adj. $3.05, revenue $24.4B up 6.4%; reaffirms FY guidance, doubles buyback to $2B
UNITED PARCEL SERVICE INC
2022-Q1 EPS reported
$3.03
revenue$24,378,000,000
- Consolidated revenue $24.4B (+6.4% YoY); operating profit $3.3B (+17.6% GAAP, +12.1% adjusted).
- U.S. Domestic revenue $15.1B (+8.0%); International $4.9B (+5.8%); Supply Chain $4.4B (+2.0%).
- Reaffirms FY 2022 targets: revenue ~$102B, adjusted op. margin ~13.7%, ROIC >30%, capex ~$5.5B, dividends ~$5.2B.
- Raises 2022 share repurchase target to $2B (from prior plan).
- Average daily package volume down 3.6% YoY; revenue per piece up 9.4% consolidated.