---
schema_version: "secwatch.filing_event.v1"
accession: "0001090727-24-000004"
form_type: "8-K"
ticker: "UPS"
cik: "0001090727"
company_name: "UNITED PARCEL SERVICE INC"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T14:38:21.801739+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# UPS Q4 revenue down 7.8% YoY to $24.9B; adj. EPS $2.47 vs $3.62; issues 2024 outlook

## Summary
- Q4 GAAP diluted EPS $1.87; adjusted diluted EPS $2.47, down 31.8% YoY from $3.62.
- Consolidated operating margin 9.9%; adjusted 11.2% vs 14.1% a year ago.
- Full-year 2023 revenue $91.0B (-9.3%); adjusted diluted EPS $8.78 vs $12.94 in 2022.
- Board raises quarterly dividend to $1.63 per share (+$0.01), payable March 8 to holders of record Feb 20.
- FY 2024 revenue guidance $92B-$94.5B; adjusted operating margin 10.0%-10.6%; capex ~$4.5B.

## SEC filing metadata
- accession: 0001090727-24-000004
- form_type: 8-K
- ticker: UPS
- cik: 0001090727
- company_name: UNITED PARCEL SERVICE INC
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000004/0001090727-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000004/ups-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001090727-24-000004
- JSON: https://secwatch.observer/filing/0001090727-24-000004.json
- Plain text: https://secwatch.observer/filing/0001090727-24-000004.txt

## Key facts
- Earnings Releases
  UNITED PARCEL SERVICE INC reported 4Q 2023 results: revenue $24.9B, EPS $1.87.
  - Period: 4Q 2023
  - Revenue: $24.9B
  - EPS: $1.87
  - Result: reported results
  source text: UPS RELEASES 4Q 2023 EARNINGS • Consolidated Revenues of $24.9B, Compared to $27.0B Last Year • Consolidated Operating Margin of 9.9%; Adjusted * Consolidated Operating Margin of 11.2% • Diluted EPS of $1.87; Adj. Diluted EPS of $2.47, Compared to $3.62 Last Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000004/0001090727-24-000004-index.htm
- Earnings Releases
  UNITED PARCEL SERVICE INC updated its Full Year 2024 guidance (initiated).
  - Period: Full Year 2024
  - Guidance: initiated
  - Result: guidance update
  source text: For the full year 2024, UPS expects revenue to range from approximately $92.0 billion to $94.5 billion and consolidated adjusted operating margin to range from approximately 10.0% to 10.6%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000004/0001090727-24-000004-index.htm
- Earnings Releases
  UNITED PARCEL SERVICE INC reported Full-Year 2023 results: revenue $91.0 billion, EPS $7.80.
  - Period: Full-Year 2023
  - Revenue: $91.0 billion
  - EPS: $7.80
  - Result: reported results
  source text: Full-Year 2023 Consolidated Results • Revenue was $91.0 billion, a decrease of 9.3%. • Operating profit of $9.1 billion; adjusted operating profit of $9.9 billion, down 28.7%. • Operating margin was 10.0%; adjusted operating margin was 10.9%. • Diluted EPS totaled $7.80; adjusted diluted EPS of $8.78.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000004/0001090727-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.