earnings
confidence high
sentiment negative
materiality 0.80
UPS Q2 revenue down 10.9% to $22.1B; EPS $2.54 adjusted vs $3.29 prior; Teamsters deal reached
UNITED PARCEL SERVICE INC
2023-Q2 EPS reported
$4.61
revenue$44,980,000,000
- Consolidated revenues $22.1B (down 10.9% YoY); adj. diluted EPS $2.54 (down 22.8% from $3.29).
- U.S. Domestic revenue $14.4B (down 6.9%); avg daily volume down 9.9%.
- International revenue $4.4B (down 13.0%); softness on Asia trade lanes.
- Supply Chain Solutions revenue $3.2B (down 23.4%); forwarding declines partly offset by logistics growth.
- FY2023 guidance: revenue ~$93B, adj. operating margin ~11.8%; Teamsters tentative agreement reached covering >300,000 employees.