UPS achieves EPS target on strong revenue yields

06 February 2019/Categories: CILT, Industry News, Freight Forwarding, Logistics & Supply Chain

UPS announced fourth-quarter 2018 earnings highlighted by high-quality revenue initiatives that are producing positive, sustainable benefits.

“We achieved our 2018 adjusted earnings-per-share goal by successfully executing Transformation investments and initiatives that lifted revenue quality and improved efficiency,” said David Abney, UPS chairman and CEO. “Our diverse portfolio, global footprint and flexible network position UPS for profitable growth in 2019 and beyond.”

Consolidated Results	4Q 2018	Adjusted 4Q 2018	4Q 2017	Adjusted 4Q 2017
Revenue	$19,848 M		$18,975 M
Net Income	$453 M	$1,690 M	$1,096 M	$1,445 M
Diluted Earnings Per Share	$0.52	$1.94	$1.26	$1.66

U.S. Domestic Segment

The segment benefited from UPS’s Transformation initiatives, new network capabilities and higher-quality revenue during the period. The U.S. Domestic segment delivered more than 21 million packages, on average, per day with strong revenue yields and record on-time performance. Shipment growth was balanced, as business-to-business and business-to-consumer packages grew in the quarter. As anticipated, operating profit was reduced by planned pension expense, start-up costs for several large facilities, and one less operating day than in the prior year’s fourth quarter.

4Q 2018

4Q 2017

Revenue

$12,575 M

$11,833 M

Operating profit

$999 M

$1,087M

For the U.S. Domestic segment in 4Q 2018:

• Revenue increased $742 million or 6.3% over 4Q 2017, with growth across all products.
• Premium Next Day Air revenue grew more than 10%, with volume growth of 7.8% as customers selected faster delivery options.
• Revenue per piece increased 4.8% on expanded base rates and positive product and customer mix.
• The company successfully opened 14 major facilities in the U.S. during the quarter, providing higher efficiency and record on-time deliveries. For the full year, UPS opened 22 new facilities worldwide.

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UPS achieves EPS target on strong revenue yields

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