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UPS announced strong first-quarter 2022 results, with consolidated revenue up 6.4% to $24.4 billion and diluted EPS of $3.03. The company reaffirmed its full-year financial targets and raised targeted share repurchases to $2 billion for 2022.
Consolidated revenues reached $24.4 billion, a 6.4% increase from the previous year.
Consolidated operating profit was $3.3 billion, up 17.6% from last year.
Diluted EPS was $3.03, with adjusted diluted EPS up 10.1% over last year to $3.05.
Full-year 2022 financial guidance was reaffirmed, and share repurchases were raised to $2 billion for 2022.
UPS reaffirms its full-year financial targets:
Visualization of income flow from segment revenue to net income