---
schema_version: "secwatch.filing_event.v1"
accession: "0001090727-24-000024"
form_type: "8-K"
ticker: "UPS"
cik: "0001090727"
company_name: "UNITED PARCEL SERVICE INC"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:20:40.009110+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# UPS Q1 revenue $21.7B (-5.3% YoY); adj. EPS $1.43 (-35%) amid volume declines

## Summary
- Consolidated revenue $21.7B, down 5.3%; adjusted diluted EPS $1.43 vs $2.20 last year.
- U.S. Domestic segment operating profit $825M GAAP ($839M adj.), down ~43% YoY.
- International package volume down 5.8%; Supply Chain Solutions revenue down 5.3%.
- Full-year guidance reaffirmed: revenue $92.0-94.5B, adj. operating margin 10.0-10.6%.
- Recorded $110M after-tax charges ($75M transformation, $35M brand impairment).

## SEC filing metadata
- accession: 0001090727-24-000024
- form_type: 8-K
- ticker: UPS
- cik: 0001090727
- company_name: UNITED PARCEL SERVICE INC
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000024/0001090727-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000024/ups-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001090727-24-000024
- JSON: https://secwatch.observer/filing/0001090727-24-000024.json
- Plain text: https://secwatch.observer/filing/0001090727-24-000024.txt

## Key facts
- Earnings Releases
  UNITED PARCEL SERVICE INC reported first quarter ended March 31, 2024 results: revenue $21.7 billion, net income $1,113 million, EPS $1.30 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $21.7 billion
  - Net income: $1,113 million
  - EPS: $1.30 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Compared to $2.20 Last Year • Reaffirms Full-Year 2024 Financial Guidance ATLANTA – April 23, 2024 – UPS (NYSE:UPS) today announced first-quarter 2024 consolidated revenues of $21.7 billion, a 5.3% decrease from the first quarter of 2023. Consolidated operating profit was $1.6 billion, down 36.5% compared to the first quarter of 2023, and down 31.5% on an adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000024/0001090727-24-000024-index.htm

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