secwatch.observer — SEC 8-K summary
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Issuer:     UNITED PARCEL SERVICE INC (UPS)
CIK:        0001090727
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001090727-24-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090727/000109072724000024/0001090727-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090727/000109072724000024/ups-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001090727-24-000024

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