UPS Q1 2023 revenue $22.9B (-6% YoY), adj. EPS $2.20 (-27.9% YoY), guidance lowered

UNITED PARCEL SERVICE INC

2023-Q1 EPS reported $2.19 revenue$22,925,000,000

Consolidated revenue $22.9B, down 6.0% YoY; operating profit $2.5B, down 21.8%.
Adjusted diluted EPS $2.20 vs $3.05 last year, a 27.9% decline.
U.S. Domestic avg daily volume -5.4%; International revenue -6.8% on China softness.
Supply Chain Solutions revenue -22.5% due to forwarding market rate/volume declines.
Full-year 2023 guidance: revenue ~$97B, adj. operating margin ~12.8% (low end of prior range).

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 the quarter ended March 31, 2023 results: revenue $22.9 billion, net income $1,895, EPS Diluted EPS of $2.19. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $22.9 billion
Net income: $1,895
EPS: Diluted EPS of $2.19
Guidance: reaffirmed
Result: reported results

Exact text from the filing

EPS of $2.20, Compared to $3.05 Last Year • Updates 2023 Financial Guidance ATLANTA – April 25, 2023 – UPS (NYSE:UPS) today announced first-quarter 2023 consolidated revenues of $22.9 billion, a 6.0% decrease from the first quarter of 2022. Consolidated operating profit was $2.5 billion, down 21.8% compared to the first quarter of 2022, and down 22.8% on an adjusted

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Source: SEC EDGAR

accession 0001090727-23-000021

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