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Dec 31, 2021
UPS Q4 2021 Earnings Report
UPS announced Q4 2021 earnings with revenue up 11.5% and diluted EPS of $3.52.
Key Takeaways
UPS reported a strong fourth quarter in 2021, with consolidated revenues increasing by 11.5% to $27.8 billion. The company's operating profit saw a significant rise of 91.0%, reaching $3.9 billion. Diluted earnings per share stood at $3.52, and adjusted diluted earnings per share increased by 35.0% over the previous year to $3.59.
Consolidated revenues increased by 11.5% year-over-year to $27.8 billion.
Consolidated operating profit rose by 91.0% to $3.9 billion, or 37.7% on an adjusted basis.
Diluted EPS reached $3.52, with adjusted diluted EPS up 35.0% over the prior year at $3.59.
The Board of Directors declared a quarterly dividend of $1.52 per share, a 49% increase over the prior year.
Revenue by Segment
Forward Guidance
UPS anticipates delivering its 2023 consolidated revenue and operating margin targets one year ahead of schedule. For the full year 2022, the company projects consolidated revenue of approximately $102 billion, an adjusted operating margin of about 13.7%, and an adjusted return on invested capital exceeding 30%.
Positive Outlook
- Consolidated revenue of about $102 billion
- Adjusted operating margin of approximately 13.7%
- Adjusted return on invested capital to be above 30%
- Capital expenditures to be 5.4% of revenue or approximately $5.5 billion
- Share repurchases to be at least $1.0 billion
Challenges Ahead
- Effective tax rate is expected to be around 23.0%
- Uncertainty in the timing, amount or nature of any adjustments, which could be material in any period.
- Potential additional U.S. or international tax liabilities
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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