secwatch.observer — SEC 8-K summary
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Issuer:     UNITED PARCEL SERVICE INC (UPS)
CIK:        0001090727
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001090727-22-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UPS Q1 2022: EPS $3.03 / adj. $3.05, revenue $24.4B up 6.4%; reaffirms FY guidance, doubles buyback to $2B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090727/000109072722000019/0001090727-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090727/000109072722000019/ups-20220426.htm
  HTML page:      https://secwatch.observer/filing/0001090727-22-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer