United Parcel Service, Inc.
UPS Reports 2Q 2024 Earnings and Updates Financial Guidance
Summary
United Parcel Service, Inc. (UPS) reported consolidated revenues of $21.8 billion for the second quarter of 2024, a 1.1% decrease from the same period in 2023. Diluted earnings per share (EPS) were $1.65, a 31.1% decrease from $2.40 in 2Q 2023. Adjusted diluted EPS was $1.79, reflecting a 29.5% decrease year-over-year. The company updated its full-year 2024 financial guidance and restarted its share repurchase program, targeting $1 billion annually. GAAP results included a one-time payment of $94 million to settle an international regulatory matter and transformation and other charges of $26 million.
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About United Parcel Service, Inc.
United Parcel Service, Inc. is a global package delivery and supply chain management company. As one of the world's largest courier companies, it plays a crucial role in e-commerce and international trade by providing time-sensitive delivery services and efficient logistics solutions. UPS operates in various sectors, including retail, healthcare, and industrial manufacturing, offering services such as package delivery, freight transportation, and contract logistics. The company's extensive network spans over 220 countries and territories, facilitating the flow of goods and information across borders. With a focus on innovation, UPS integrates advanced technologies like tracking systems, GPS, and automated sorting facilities to enhance efficiency and customer satisfaction. Founded in 1907 and headquartered in Atlanta, Georgia, UPS is a pivotal player in the transport and logistics industry, supporting businesses and consumers with reliable and scalable delivery options.
Official SEC Documents
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