earnings
confidence high
sentiment negative
materiality 0.85
UPS Q2 adjusted EPS $1.79 vs $2.54 YoY; cuts FY 2024 margin guidance to 9.4%
UNITED PARCEL SERVICE INC
2024-Q2 EPS reported
$2.94
revenue$43,524,000,000
- Consolidated revenue $21.8B (-1.1% YoY); adj. operating margin 9.5% (down from 13.3% adj. in Q2 2023).
- U.S. Domestic segment revenue $14.1B (-1.9%); operating profit $989M GAAP, down 38.3% YoY.
- International segment revenue $4.37B (-1.0%); adj. operating margin 18.9% vs 20.4% adj. YoY.
- Guidance: FY 2024 revenue ~$93B, adj. operating margin ~9.4%; share buyback targeting $500M in 2024.
- Results include $94M after-tax charge to settle international regulatory matter.