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Sep 30, 2020
UPS Q3 2020 Earnings Report
UPS's Q3 2020 earnings were released, showing revenue growth across all segments.
Key Takeaways
UPS announced Q3 2020 consolidated revenue of $21.2 billion, a 15.9% increase over Q3 2019. Net income was $2.0 billion, up 11.8% and diluted EPS was $2.24, up 11.4%.
Consolidated revenue increased by 15.9%, with growth across all segments.
Diluted EPS increased by 11.4% to $2.24, while adjusted diluted EPS increased by 10.1% to $2.28.
Year-to-date cash from operations reached $9.3 billion, with adjusted free cash flow of $5.9 billion.
Average daily volume increased 13.5% year over year.
Revenue by Segment
Forward Guidance
UPS is not providing consolidated revenue and diluted earnings per share guidance due to the uncertainty around the timing and pace of the economic recovery. However, the company is collaborating with customers and using tools to control volume and ensure network resiliency.
Positive Outlook
- Better, not Bigger approach had a positive impact on performance.
- New initiatives launched to further reduce costs.
- Collaborating with customers to control volume.
- Using proven tools to ensure the resiliency of our network.
- Focused on delivering a successful peak and generating cash returns.
Challenges Ahead
- Uncertainty around the timing and pace of the economic recovery.
- Unable to predict the extent of the business impact of the coronavirus pandemic.
- Unable to predict the duration of the coronavirus pandemic.
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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