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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.
UPS
UPS
UPS Revenue by Segment
UPS Revenue by Geographic Location
Revenue by Segment
U.S. Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.comSupply Chain Solutions Revenue
CapyFin.comRevenue by Geographic Location
Global Revenue
CapyFin.com 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