secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNITED PARCEL SERVICE INC (UPS)
CIK:        0001090727
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001090727-23-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090727/000109072723000003/0001090727-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090727/000109072723000003/ups-20230131.htm
  HTML page:      https://secwatch.observer/filing/0001090727-23-000003

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