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Dec 31, 2023
UPS Q4 2023 Earnings Report
UPS's Q4 2023 earnings were released, showing a decrease in revenue and diluted EPS compared to the previous year, but the company focused on controlling costs and strengthening its foundation for future growth.
Key Takeaways
UPS announced Q4 2023 consolidated revenues of $24.9 billion, a 7.8% decrease from Q4 2022. Diluted earnings per share were $1.87, with adjusted diluted earnings per share at $2.47, which is 31.8% below the same period in 2022. The company's performance was impacted by market rate declines and excess market capacity.
Consolidated revenues reached $24.9 billion, a decrease of 7.8% compared to the previous year.
Diluted EPS was reported at $1.87, while adjusted diluted EPS was $2.47, down 31.8% from the previous year.
The company declared a quarterly dividend of $1.63, a $0.01 increase per share.
Revenue decreases were driven by declines in average daily volume across U.S. Domestic and International segments.
Revenue by Segment
Forward Guidance
For the full year 2024, UPS expects revenue to range from approximately $92.0 billion to $94.5 billion and consolidated adjusted operating margin to range from approximately 10.0% to 10.6%. The company is planning capital expenditures of about $4.5 billion and dividend payments of around $5.4 billion, subject to board approval. The effective tax rate is expected to be around 23.5%.
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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