secwatch.observer — SEC 8-K summary
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Issuer:     UNITED PARCEL SERVICE INC (UPS)
CIK:        0001090727
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001090727-23-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090727/000109072723000050/0001090727-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090727/000109072723000050/ups-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001090727-23-000050

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