UPS Q3 2024 Earnings Report

UPS experienced revenue and profit growth, driven by strong performance across all segments.

Key Takeaways

UPS announced Q3 2024 consolidated revenues of $22.2 billion, a 5.6% increase from Q3 2023. Diluted EPS was $1.80, and non-GAAP adjusted diluted EPS was $1.76, a 12.1% increase year-over-year. The company updates its 2024 financial guidance.

Consolidated revenues reached $22.2 billion, a 5.6% increase compared to last year.

Consolidated operating margin was 8.9%.

Diluted EPS was $1.80, while non-GAAP adjusted diluted EPS was $1.76, up 12.1% from last year.

The company updated its 2024 financial guidance.

Total Revenue

$22.2B

Previous year: $21.1B

+5.4%

EPS

$1.76

Previous year: $1.57

+12.1%

Gross Profit

$3.71B

Previous year: $4.42B

-16.0%

Cash and Equivalents

$6.06B

Previous year: $4.31B

+40.6%

Free Cash Flow

$655M

Previous year: $944M

-30.6%

Total Assets

$68.3B

Previous year: $70.3B

-2.9%

UPS

UPS Revenue by Segment

Forward Guidance

For full-year 2024, UPS updates its consolidated revenue and operating margin targets, reflecting actual third-quarter results, the impact of the completed Coyote disposition and the company’s outlook for the fourth quarter.

Positive Outlook

Consolidated revenue expected to be approximately $91.1 billion
Lifts consolidated non-GAAP adjusted operating margin expectation to approximately 9.6%
Capital expenditures of approximately $4.0 billion
Dividend payments expected to be around $5.4 billion, subject to Board approval

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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