United Parcel Service, Inc.
UPS Reports 5.6% Revenue Increase and Profit Growth in Q3 2024
Summary
UPS reported a 5.6% increase in third-quarter 2024 revenues to $22.2 billion, driven by a 5.8% rise in U.S. Domestic segment revenues. The company saw a 47.8% increase in consolidated operating profit and a 12.1% increase in non-GAAP adjusted diluted earnings per share to $1.76. UPS updated its full-year 2024 financial guidance, expecting consolidated revenue of approximately $91.1 billion and a consolidated non-GAAP adjusted operating margin of around 9.6%.
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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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