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Mar 31, 2024
UPS Q1 2024 Earnings Report
UPS's financial performance was in line with expectations, with U.S. average daily volume showing improvement through the quarter.
Key Takeaways
UPS announced first-quarter 2024 consolidated revenues of $21.7 billion, a 5.3% decrease from the first quarter of 2023. 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.
Consolidated revenues reached $21.7B, a decrease compared to $22.9B last year.
Consolidated operating margin was 7.4%, with an adjusted operating margin of 8.0%.
Diluted EPS was $1.30; adjusted diluted EPS was $1.43, compared to $2.20 last year.
The company reaffirms its full-year 2024 financial guidance.
Revenue by Segment
Forward Guidance
UPS reaffirms its full-year, consolidated financial targets for 2024.
Positive Outlook
- Consolidated revenue to range from approximately $92.0 billion to $94.5 billion
- Consolidated adjusted operating margin to range from approximately 10.0% to 10.6%
- Capital expenditures of approximately $4.5 billion
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
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