secwatch.observer — SEC 8-K summary
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Issuer:     UNITED PARCEL SERVICE INC (UPS)
CIK:        0001090727
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001090727-24-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UPS Q2 adjusted EPS $1.79 vs $2.54 YoY; cuts FY 2024 margin guidance to 9.4%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090727/000109072724000041/0001090727-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090727/000109072724000041/ups-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001090727-24-000041

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