United Parcel Service, Inc. has decided to terminate its acquisition plans for Estafeta, as the necessary closing conditions could not be met. This decision may impact investor confidence and the company's strategic direction moving forward.
The termination of the acquisition highlights potential challenges in UPS's expansion efforts. Investors should consider how this development may affect the company's operations and future growth opportunities.
linkSep 18, 2025 16:18:54
United Parcel Service, Inc. announced its financial results for the second quarter of 2025, reporting consolidated revenues of $21.2 billion and an operating profit of $1.8 billion. The diluted earnings per share (EPS) were $1.51, with a non-GAAP adjusted diluted EPS of $1.55. The U.S. Domestic Segment experienced a revenue decline of 0.8%, while the International Segment saw a revenue increase of 2.6%. The company is currently implementing strategic initiatives aimed at enhancing operational efficiency and achieving significant cost savings of approximately $3.5 billion in 2025.
The company has confirmed a capital expenditure budget of around $3.5 billion and anticipates dividend payments of about $5.5 billion, pending Board approval. UPS has also completed share repurchases totaling $1.0 billion. The company did not provide specific revenue or operating profit guidance for the remainder of 2025 due to macroeconomic uncertainty but is focused on its transformation strategy, which includes workforce reductions and facility consolidations as part of its Network Reconfiguration and Efficiency Reimagined initiatives.
linkJul 29, 2025 06:16:20
UPS has appointed John Morikis to its Board of Directors, effective immediately. Morikis is the retired Chairman, President, and CEO of Sherwin-Williams Company and brings extensive experience in leading multinational organizations. He also serves on the boards of General Mills, Inc., and Whirlpool Corporation, and will join the Audit Committee at UPS.
Morikis has a background of over four decades at Sherwin-Williams, where he held various leadership roles, culminating in his position as CEO. His expertise includes global operations, supply chain optimization, and business transformation, which is expected to provide valuable insights to UPS as it continues to focus on its logistics solutions and operational strategies.
linkJun 02, 2025 08:19:47
UPS announced its first-quarter 2025 earnings, reporting consolidated revenues of $21.5 billion, a decrease of 0.7% from the same period last year. The company's operating profit rose to $1.7 billion, marking a 3.3% increase year-over-year. Diluted earnings per share were $1.40, with a non-GAAP adjusted diluted EPS of $1.49, which is 4.2% higher than the previous year. The results included a net charge of $83 million, primarily due to transformation strategy costs and asset impairments.
In its U.S. Domestic Segment, revenue increased by 1.4% to $14.46 billion, driven by air cargo growth, while the International Segment saw a revenue rise of 2.7% to $4.37 billion. However, the Supply Chain Solutions segment experienced a significant revenue decline of 14.8%, attributed to the divestiture of Coyote. UPS did not provide updates on its full-year outlook due to macroeconomic uncertainties, but indicated that further details regarding second-quarter performance will be shared during the earnings conference call.
linkApr 29, 2025 06:09:54
UPS has appointed Kevin Clark, the CEO of Aptiv PLC, to its Board of Directors, effective immediately. His extensive experience in finance, technology, and industrial transformation is expected to enhance the board's oversight and strategic direction. Clark's background includes leadership roles at Aptiv and Fisher Scientific International, and he holds advanced degrees in finance from Michigan State University.
The announcement highlights UPS's commitment to strengthening its board by integrating expertise in key areas such as healthcare and technology. UPS also reported a revenue of $91.1 billion for 2024, indicating its substantial presence in the logistics sector. There are no negative points mentioned in the release regarding the company's performance or future outlook.
linkMar 03, 2025 08:09:15
UPS announced fourth-quarter 2024 revenues of $25.3 billion, marking a 1.5% increase from the previous year. The company reported an operating profit of $2.9 billion, an 18.1% rise compared to the same quarter in 2023. Diluted earnings per share reached $2.01, while non-GAAP adjusted diluted EPS was $2.75, reflecting an 11.3% increase year-over-year. The U.S. Domestic Segment saw a revenue increase of 2.2%, driven by a rise in revenue per piece, while the International Segment reported a 6.9% revenue growth. However, the Supply Chain Solutions segment experienced a decline in revenue by 9.1% due to the divestiture of Coyote, despite some growth in air and ocean forwarding operations.
Despite the positive revenue and profit growth, UPS faced notable challenges, including a total charge of $639 million for various costs, which negatively impacted overall earnings. The company is undertaking significant restructuring efforts, including reducing its volume with its largest customer by over 50% and insourcing its UPS SurePost product, which may lead to operational disruptions. Additionally, UPS is planning to reconfigure its U.S. network, which could involve facility closures and workforce reductions, signaling potential difficulties in the transition period ahead.
linkJan 30, 2025 06:07:40
UPS has announced impressive third-quarter results for 2024, with consolidated revenues reaching $22.2 billion, marking a 5.6% increase from the previous year. The company's operating profit also saw a significant rise of nearly 48%, reflecting a successful turnaround after a challenging period. Earnings per share rose to $1.80, up from $1.57 in the same quarter last year, indicating strong financial performance and effective management strategies. CEO Carol Tomé expressed gratitude to employees for their contributions, emphasizing readiness for the upcoming holiday season.
However, despite the positive results, the U.S. domestic segment experienced a slight decline in operating profit compared to the previous year, which could raise concerns about sustainability in that area. Additionally, the company has undergone significant changes, including the divestiture of Coyote Logistics and ongoing transformation strategies, which involve workforce reductions. While these moves aim to enhance efficiency, they may also introduce uncertainties regarding employee morale and operational stability as UPS adjusts to new market dynamics.
linkOct 24, 2024 06:05:08
UPS announced second-quarter 2024 earnings with revenues of $21.8 billion, down 1.1% from last year. Operating profit fell significantly by 30.1%, and diluted earnings per share dropped 29.5%. However, the company noted a return to volume growth in the U.S. for the first time in nine quarters and restarted its share repurchase program, targeting $1 billion annually. UPS updated its full-year guidance, expecting consolidated revenue around $93 billion and adjusted operating margin of approximately 9.4%.
linkJul 23, 2024 06:04:28
UPS appoints Brian Dykes, a long-time company leader, as the new Chief Financial Officer. Dykes, with over 25 years of experience at UPS, will oversee financial strategies and lead the global finance organization. CEO Carol B. Tomé expresses confidence in Dykes' qualifications and leadership skills to drive shareowner value in line with UPS's strategic goals. UPS, a global logistics solutions provider, emphasizes customer focus, innovation, environmental responsibility, and diversity in its operations.
linkJul 09, 2024 16:23:52
UPS CFO Brian Newman is leaving the company on June 1 to focus on personal health. UPS will search for a new CFO internally and externally. CEO Carol Tomé thanked Newman for his contributions and affirmed the company's guidance. Newman expressed confidence in UPS's future. UPS, a global logistics company, reported $91.0 billion revenue in 2023 and is committed to sustainability, community support, and diversity. More information available on ups.com.
linkMay 06, 2024 17:15:01