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Jun 30, 2024
UPS Q2 2024 Earnings Report
UPS reported mixed results with revenue decline but volume growth in the U.S.
Key Takeaways
UPS announced Q2 2024 consolidated revenues of $21.8 billion, a 1.1% decrease from the previous year. Diluted EPS was $1.65, with adjusted diluted EPS at $1.79, a 29.5% decrease from the same period last year. The company updates its full-year financial guidance and restarts share repurchase program, targeting $1B annually.
Consolidated revenues reached $21.8 billion, a 1.1% decrease year-over-year.
Consolidated operating margin was 8.9%, with an adjusted operating margin of 9.5%.
Diluted EPS was $1.65, and adjusted diluted EPS was $1.79, down 29.5% compared to last year.
Full-year 2024 financial guidance was updated, and a share repurchase program was restarted, targeting $1B annually.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
UPS updates its full-year, consolidated financial targets for 2024.
Positive Outlook
- Consolidated revenue expected to be approximately $93.0 billion
- Consolidated adjusted operating margin expected to be approximately 9.4%
- Capital expenditures of approximately $4.0 billion
- Targeting around $500 million in share repurchases
- Returning to volume growth in the U.S. for the first time in nine quarters
Challenges Ahead
- Excludes the impacts of pending disposition of Coyote
- Excludes announced acquisition
- Operating profit declined in the first half of 2024 from what was reported last year
- Revenue decreased 1.9% in U.S. Domestic segment
- Revenue decreased 1.0% in International segment
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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