Articles from UPS

UPS (NYSEUPS) today announced fourth-quarter 2024 consolidated revenues of $25.3 billion, a 1.5% increase from the fourth quarter of 2023. Consolidated operating profit was $2.9 billion, up 18.1% compared to the fourth quarter of 2023, and up 11.2% on a non-GAAP adjusted basis. Diluted earnings per share were $2.01 for the quarter; non-GAAP adjusted diluted earnings per share were $2.75, 11.3% above the same period in 2023.

UPS (NYSEUPS) will announce its 2024 fourth-quarter results on January 30, 2025, at approximately 6:00 a.m. Eastern Time.

UPS (NYSEUPS) today announced that it has completed the acquisition of Frigo-Trans and its sister company BPL, which provide industry-leading, complex healthcare logistics solutions across Europe.

UPS (NYSEUPS) today announced its regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares.

UPS (NYSEUPS) today announced third-quarter 2024 consolidated revenues of $22.2 billion, a 5.6% increase from the third quarter of 2023. Consolidated operating profit was $2.0 billion, up 47.8% compared to the third quarter of 2023, and up 22.8% on a non-GAAP adjusted basis. Diluted earnings per share were $1.80 for the quarter; non-GAAP adjusted diluted earnings per share were $1.76, 12.1% above the same period in 2023.

UPS (NYSEUPS) will announce its 2024 third-quarter results on October 24, 2024, at approximately 6:00 a.m. Eastern Time.

UPS (NYSEUPS) today announced that is has agreed to acquire Frigo-Trans, and its sister company BPL, (together “Frigo-Trans”) industry-leading, complex healthcare logistics providers based in Germany. Once completed, the acquisition will enhance UPS’s end-to-end capabilities throughout Europe for UPS Healthcare customers who increasingly require temperature-sensitive and time-critical logistics.

UPS (NYSEUPS) today announced its regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares.

UPS (NYSEUPS) today announced second-quarter 2024 consolidated revenues of $21.8 billion, a 1.1% decrease from the second quarter of 2023. Consolidated operating profit was $1.9 billion, down 30.1% compared to the second quarter of 2023, and down 29.3% on an adjusted basis. Diluted earnings per share were $1.65 for the quarter; adjusted diluted earnings per share of $1.79 were 29.5% below the same period in 2023.

UPS (NYSEUPS) today announced that it has entered into an agreement to acquire Estafeta, a leading Mexican express delivery company. This acquisition is a key part of UPS's 'Better and Bolder' strategy, aimed at becoming the world's premium international small package and logistics provider.

UPS (NYSEUPS) will announce its 2024 second-quarter results on July 23, 2024, at approximately 6:00 a.m. Eastern Time.

UPS (NYSEUPS) today announced the appointment of Brian Dykes as its new Executive Vice President and Chief Financial Officer. Effective immediately, he will be responsible for UPS’s financial strategies and will lead the global finance organization, including planning, treasury, tax, financial reporting, financial operations, and investor relations.

Today, UPS (NYSEUPS) and tennis phenom Coco Gauff debuted the latest iteration of UPS’s premier Be Unstoppable® brand campaign, with an anime short titled “Coco vs The Doubters.” Inspired by Coco’s pre- and post-match ritual of watching anime, “Coco vs. The Doubters” is an ode to rising business leaders. For the first time, the campaign targets the next generation of entrepreneurs by spotlighting three thriving Gen Z-owned small businesses, providing resources for emerging small businesses, and donating $25,000 to Junior Achievement, a national youth entrepreneurship non-profit.

UPS (NYSEUPS) announced today it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion.

UPS (NYSEUPS) announced today that Brian Newman, executive vice president and chief financial officer, will leave the company on June 1. UPS will evaluate internal and external CFO candidates to identify Newman’s successor.

UPS (NYSEUPS) today announced its regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares.

UPS (NYSEUPS) 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 basis. Diluted earnings per share were $1.30 for the quarter; adjusted diluted earnings per share of $1.43 were 35.0% below the same period in 2023.

UPS (NYSEUPS) will announce its 2024 first-quarter results on April 23, 2024, at approximately 6:00 a.m. Eastern Time.

UPS (NYSEUPS) today announced the company has been awarded a significant air cargo contract by the United Stated Postal Service (USPS). This award is effective immediately and greatly expands the existing relationship between the two organizations. Following a transition period, UPS will become the USPS’s primary air cargo provider and move the majority of USPS air cargo in the US.

UPS (NYSEUPS) will host its investor and analyst conference today at its Worldport air hub in Louisville, KY beginning at 9:15 a.m. ET. At the conference, the company will share details of its strategic growth and productivity initiatives and discuss its three-year financial targets. The event will also be available through a live webcast and replay at investors.ups.com.

UPS (NYSEUPS) today announced fourth-quarter 2023 consolidated revenues of $24.9 billion, a 7.8% decrease from the fourth quarter of 2022. Consolidated operating profit was $2.5 billion, down 22.5% compared to the fourth quarter of 2022, and down 27.1% on an adjusted basis. Diluted earnings per share were $1.87 for the quarter; adjusted diluted earnings per share of $2.47 were 31.8% below the same period in 2022.

UPS (NYSEUPS) will announce its 2023 fourth-quarter results on January 30, 2024, at approximately 6:00 a.m. Eastern Time.

UPS (NYSEUPS) today introduced the UPS Supply Chain Symphony™ platform, a new tool that integrates various supply chain components, including shipping, warehousing, and inventory management, into a single platform. This unified approach empowers UPS customers to operate more efficiently, gain better visibility into their supply chains, and more effectively address challenges as they arise.

UPS (NYSEUPS) today announced its regular quarterly dividend of $1.62 per share on all outstanding Class A and Class B shares.

UPS (NYSEUPS) announced today it plans to hire at least 60,000 of the 100,000 seasonal employees it needs for the holiday season during one weekend. This Friday and Saturday, the company’s annual UPS Brown Friday events will take place across the country.

UPS (NYSEUPS) today announced third-quarter 2023 consolidated revenues of $21.1 billion, a 12.8% decrease from the third quarter of 2022. Consolidated operating profit was $1.3 billion, down 56.9% compared to the third quarter of 2022, and down 48.7% on an adjusted basis. Diluted earnings per share were $1.31 for the quarter; adjusted diluted earnings per share of $1.57 were 47.5% below the same period in 2022.

UPS (NYSEUPS) announced today that it has entered into an agreement to acquire Happy Returns from PayPal NASDAQ: PYPLNASDAQPYPL)

Today, UPS (NYSEUPS) is hosting the second UPS Impact Summit, aligning with the company’s customer-first, people-led and innovation-driven business strategy. This year’s Summit brings together customers, employees, nonprofit leaders and government officials to discuss the importance of inclusion, innovation and collaboration as businesses work to positively impact communities. UPS CEO Carol B. Tomé will deliver the Summit’s welcome alongside Atlanta Mayor Andre Dickens and other influential leaders from UPS, Walker & Company Brands and Beta Technologies.

UPS (NYSEUPS) will announce its 2023 third-quarter results on October 26, 2023, at approximately 6:00 a.m. Eastern Time.

UPS (NYSEUPS) announced today that it has entered into an agreement to acquire MNX Global Logistics (MNX), a global time-critical logistics provider. Once completed, the acquisition will bring even more precision and capability to UPS customers in healthcare and related industries who rely upon time-sensitive, often life-impacting logistics solutions. Whether it’s to save a life or to get a grounded airplane back in the air faster, MNX will help UPS deliver what its customers need, when they need it, with even greater confidence.

UPS (NYSEUPS) has a long history of driving innovations that propel its business and bring industry-leading solutions to logistics. Today the company announced ways it is strengthening its network capabilities and enhancing employee experience through automation. UPS is leveraging technology to help reduce repetitive tasks and physical stress while promoting safety for the company’s employees. The technologies will also improve package flow and overall efficiency of the UPS network.

UPS (NYSEUPS) announced today it will hire more than 100,000 seasonal employees to serve the 2023 holiday rush. As the industry leader in on-time delivery performance for five consecutive peak seasons, UPS is positioned again to deliver the reliable service that customers depend on year-round, especially during the important holiday shopping season.

UPS (NYSEUPS) is marking its ‘Founders’ Day’ and 116 years of serving customers by celebrating what drives the company forward: its people. Today, the company is unveiling an update to its iconic brown delivery vehicles, personally recognizing nearly 50,000 UPSers.

UPS (NYSEUPS) today announced second-quarter 2023 consolidated revenues of $22.1 billion, a 10.9% decrease from the second quarter of 2022. Consolidated operating profit was $2.8 billion, down 21.4% compared to the second quarter of 2022, and down 18.4% on an adjusted basis. Diluted earnings per share were $2.42 for the quarter; adjusted diluted earnings per share of $2.54 were 22.8% below the same period in 2022.

UPS (NYSEUPS) today announced its regular quarterly dividend of $1.62 per share on all outstanding Class A and Class B shares.

UPS (NYSEUPS) and the International Brotherhood of Teamsters, the union representing about 330,000 UPS employees in the U.S., have reached a tentative collective bargaining agreement.

UPS (NYSEUPS) will announce its 2023 second-quarter results on August 8, 2023, at approximately 6:00 a.m. Eastern Time.

UPS (NYSEUPS) today announced its regular quarterly dividend of $1.62 per share on all outstanding Class A and Class B shares.

UPS (NYSEUPS) today announced first-quarter 2023 consolidated revenues of $22.9 billion, a 6.0% decrease from the first quarter of 2022. Consolidated operating profit was $2.5 billion, down 21.8% compared to the first quarter of 2022, and down 22.8% on an adjusted basis. Diluted earnings per share were $2.19 for the quarter; adjusted diluted earnings per share of $2.20 were 27.9% below the same period in 2022.

UPS (NYSEUPS) will announce its 2023 first-quarter results on April 25, 2023, at approximately 6:00 a.m. Eastern Time.

UPS (NYSEUPS) today announced additional investments in safe driving education and training, including the rollout of 20 additional driving and delivery simulators across the country, nearly doubling the number of driving simulators in UPS facilities since first launching in 2020.

UPS (NYSEUPS) today announced fourth-quarter 2022 consolidated revenues of $27.0 billion, a 2.7% decrease from the fourth quarter of 2021. Consolidated operating profit was $3.2 billion, down 17.9% compared to the fourth quarter of 2021, and down 3.3% on an adjusted basis. Diluted earnings per share were $3.96 for the quarter; adjusted diluted earnings per share of $3.62 were 0.8% above the same period in 2021.

Industry-Leading Pay and Opportunity Drive Best-In-Class Year-Round Service to Customers

ATLANTA, Jan. 17, 2023 (GLOBE NEWSWIRE) -- UPS (NYSEUPS) will announce its 2022 fourth-quarter results on January 31, 2023, at approximately 6:00 a.m. Eastern Time.

Acquisition Accelerates Expansion of Cold Chain Capabilities Throughout Europe and Latin America

ATLANTA, Nov. 02, 2022 (GLOBE NEWSWIRE) -- UPS (NYSEUPS) today announced its regular quarterly dividend of $1.52 per share on all outstanding Class A and Class B shares.

ATLANTA, Nov. 01, 2022 (GLOBE NEWSWIRE) --

ATLANTA, Oct. 25, 2022 (GLOBE NEWSWIRE) -- UPS (NYSEUPS) today announced third-quarter 2022 consolidated revenues of $24.2 billion, a 4.2% increase over the third quarter of 2021. Consolidated operating profit was $3.1 billion, up 7.5% compared to the third quarter of 2021, and up 6.0% on an adjusted basis. Diluted earnings per share were $2.96 for the quarter; adjusted diluted earnings per share of $2.99 were 10.3% above the same period in 2021.

ATLANTA, Oct. 11, 2022 (GLOBE NEWSWIRE) -- UPS (NYSEUPS) will announce its 2022 third-quarter results on October 25, 2022, at approximately 6:00 a.m. Eastern Time.

ATLANTA, July 26, 2022 (GLOBE NEWSWIRE) -- UPS (NYSEUPS) today announced second-quarter 2022 consolidated revenues of $24.8 billion, a 5.7% increase over the second quarter of 2021. Consolidated operating profit was $3.5 billion, up 8.5% compared to the second quarter of 2021, and up 9.3% on an adjusted basis. Diluted earnings per share was $3.25 for the quarter; adjusted diluted earnings per share of $3.29 was 7.5% above the same period in 2021.