Loading...
•
Mar 31, 2021
UPS Q1 2021 Earnings Report
UPS's Q1 2021 results reflected growth across all segments and a significant increase in operating profit.
Key Takeaways
UPS announced a strong first quarter in 2021, with consolidated revenue increasing by 27% to $22.9 billion and operating profit up by 158%. Diluted earnings per share reached $5.47, a 393% increase compared to the same period last year.
Consolidated revenue increased 27% with growth across all segments.
Consolidated operating profit increased 158% to $2.8B, or 164% on an adjusted basis.
Diluted EPS was $5.47; adjusted diluted EPS increased 141% to $2.77.
The company reaffirmed its full-year capital allocation plans.
Revenue by Segment
Forward Guidance
Given continued economic uncertainty, the Company is not providing 2021 revenue or diluted earnings per share guidance; however, it is re-affirming its full-year capital allocation plans.
Positive Outlook
- Reaffirms Full-Year 2021 Capital Allocation Plans
- The sale of UPS Freight is expected to close in the second quarter.
- Capital expenditures are planned to be about $4.0 billion.
- Long-term debt repayments, including $1.5 billion repaid in the first quarter of 2021, will total $2.5 billion.
- Effective tax rate for the remainder of the year is expected to be around 23.5%.
Challenges Ahead
- Given continued economic uncertainty, the Company is not providing 2021 revenue or diluted earnings per share guidance
- The Company has no plans to repurchase shares.
- Uncertainties related to the impact of the COVID-19 pandemic on our business and operations
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...