UPS announced consolidated revenues of $24.2 billion for the third quarter of 2022, a 4.2% increase over the third quarter of 2021. Diluted earnings per share were $2.96 for the quarter, with adjusted diluted earnings per share at $2.99, 10.3% above the same period in 2021.
Consolidated Revenues of $24.2B, Up 4.2% from Last Year
Consolidated Operating Profit of $3.1B, Up 7.5% from Last Year; Up 6.0% on an Adjusted Basis
Diluted EPS of $2.96; Adjusted Diluted EPS Up 10.3% Over Last Year to $2.99
Reaffirms FY 2022 Consolidated Revenue, Adjusted Operating Margin and Adjusted Return on Invested Capital Targets
The company reaffirms its consolidated financial targets of revenue of around $102 billion, an adjusted operating margin of about 13.7% and adjusted return on invested capital above 30%. For the year, the company now expects capital expenditures to be around $5.0 billion. Dividend payments are expected to be around $5.2 billion, subject to Board approval, and share repurchases are projected to be at least $3.0 billion.
Visualization of income flow from segment revenue to net income