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

Issuer:     UNITED PARCEL SERVICE INC (UPS)
CIK:        0001090727
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001090727-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UPS Q2 revenue down 10.9% to $22.1B; EPS $2.54 adjusted vs $3.29 prior; Teamsters deal reached
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090727/000109072723000035/0001090727-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090727/000109072723000035/ups-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001090727-23-000035

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