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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.
UPS
UPS
UPS Revenue by Segment
Revenue by Segment
U.S. Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.comSupply Chain Solutions Revenue
CapyFin.com 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
- Changes in general economic conditions, in the U.S. or internationally
- Changes in our relationships with our significant customers
Revenue & Expenses
Visualization of income flow from segment revenue to net income