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Jun 30, 2021
UPS Q2 2021 Earnings Report
UPS's financial performance for Q2 2021 was strong, marked by significant revenue and earnings growth.
Key Takeaways
UPS announced strong second-quarter 2021 results, with consolidated revenue reaching $23.4 billion, a 14.5% increase year-over-year. Consolidated operating profit rose by 47.3% to $3.3 billion, and diluted earnings per share increased by 50.2% to $3.05.
Consolidated revenues increased by 14.5% to $23.4 billion.
Consolidated operating profit grew by 47.3% to $3.3 billion.
Diluted EPS increased by 50.2% to $3.05.
Free cash flow was $6.8 billion, a 74.7% increase.
Revenue by Segment
Forward Guidance
For 2021, the company projects a consolidated operating margin of approximately 12.7% and a return on invested capital of approximately 28%. Capital expenditures are planned to be about $4.0 billion. The effective tax rate for the remainder of the year is expected to be around 23%.
Positive Outlook
- Consolidated operating margin of approximately 12.7% is projected.
- Return on invested capital of approximately 28% is expected.
- Capital expenditures are planned to be about $4.0 billion.
- Long-term debt repayments of $2.55 billion have been completed.
- Effective tax rate for the remainder of the year is expected to be around 23%.
Challenges Ahead
- Uncertainties related to the impact of the COVID-19 pandemic on business and operations.
- Changes in general economic conditions in the U.S. or internationally.
- Significant competition on a local, regional, national, and international basis.
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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