UPS Q3 revenue $21.1B (-12.8% YoY); adj. EPS $1.57 vs $2.99; cuts FY guidance

UNITED PARCEL SERVICE INC

2023-Q3 EPS reported $5.92 revenue$66,041,000,000

Consolidated revenue $21.1B, down 12.8% YoY; adjusted diluted EPS $1.57, down 47.5% from $2.99.
U.S. Domestic Package revenue $13.66B (-11.1%); avg daily volume fell 11.5%, revenue per piece up 2.0%.
International revenue $4.27B (-11.1%); Supply Chain Solutions revenue $3.13B (-21.4%).
Full-year 2023 revenue guidance lowered to $91.3B-$92.3B; adjusted operating margin 10.8%-11.3%.
Capex maintained at ~$5.3B; share repurchases reduced to ~$2.25B; dividend ~$5.4B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

UNITED PARCEL SERVICE INC reported the quarter ended September 30, 2023 results: revenue $21.1 billion, net income $1,127 million, EPS $1.31.

Period: the quarter ended September 30, 2023
Revenue: $21.1 billion
Net income: $1,127 million
EPS: $1.31
Result: reported results

Exact text from the filing

EPS of $1.31; Adj. Diluted EPS of $1.57, Compared to $2.99 Last Year ATLANTA – October 26, 2023 – UPS (NYSE:UPS) today announced third-quarter 2023 consolidated revenues of $21.1 billion, a 12.8% decrease from the third quarter of 2022. Consolidated operating profit was $1.3 billion, down 56.9% compared to the third quarter of 2022, and down 48.7% on an adjusted

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Source: SEC EDGAR

accession 0001090727-23-000050

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