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

Issuer:     UNITED PARCEL SERVICE INC (UPS)
CIK:        0001090727
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001090727-23-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090727/000109072723000021/0001090727-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090727/000109072723000021/ups-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001090727-23-000021

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