UPS Q4 revenue down 2.7% to $27.0B; adjusted EPS up 0.8% to $3.62; dividend raised 6.6%

UNITED PARCEL SERVICE INC

2022-FY EPS reported $13.20 revenue$100,338,000,000

Consolidated revenue $27.0B (-2.7% YoY); GAAP diluted EPS $3.96; adjusted diluted EPS $3.62 (+0.8%).
U.S. Domestic revenue $18.25B (+3.1%) on 7.2% higher revenue per piece; International revenue $4.95B (-8.3%) on weaker Asia trade.
FY2023 guidance: revenue $97.0-$99.4B, adjusted operating margin 12.8%-13.6%, capex ~$5.3B.
Dividend increased to $1.62/share (+6.6%); new $5B share repurchase authorization approved.
Full-year 2022 free cash flow $9.0B; returned $8.6B to shareholders via dividends and buybacks.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

UNITED PARCEL SERVICE INC reported fourth quarter ended December 31, 2022 results: revenue $27.0 billion, EPS $3.96. Guidance initiated.

Period: fourth quarter ended December 31, 2022
Revenue: $27.0 billion
EPS: $3.96
Guidance: initiated
Result: reported results

Exact text from the filing

UPS RELEASES 4Q 2022 EARNINGS • Consolidated Revenues of $27.0B, Down 2.7% from Last Year • Consolidated Operating Margin of 11.8%; Adjusted Consolidated Operating Margin of 14.1% • Diluted EPS of $3.96; Adjusted Diluted EPS Up 0.8% Over Last Year to $3.62 • Declares a Quarterly Dividend of $1.62, a Per Share Increase of 6.6%, and Authorizes a New $5B Share Repurchase Program, Replacing the Existing Authorization ATLANTA – January 31, 2023 – UPS (NYSE:UPS) today announced fourth-quarter 2022 consolidated revenues of $27.0 billion, a 2.7% decrease from the fourth quarter of 2021. Consolidated operating profit was $3.2 billion, down 17.9% compared to the fourth quarter of 2021, and down 3.3% on an adjusted basis. Diluted earnings per share were $3.96 for the quarter; adjusted diluted earnings per share of $3.62 were 0.8% above the same period in 2021. For the fourth quarter of 2022, GAAP results include a net benefit of $299 million, or $.34 per diluted share, comprised of a non-cash, af

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Source: SEC EDGAR

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