UPS Announces Q2022 2 Financial Results

UPS (NYSE:UPS) announced its consolidated turnover for the second quarter of 2022 as $24,8 billion. This figure increased by 2021 percent compared to the second quarter of 5,7. Consolidated operating profit of $3.5 billion was up 2021 percent compared to the second quarter of 8,5 and 9,3 percent on an adjusted basis. Quarterly diluted earnings per share were $3,25, while adjusted diluted earnings per share were $2021 in 7,5, up 3,29 percent from the same period.

GAAP (Generally Accepted Accounting Principles) results for the second quarter of 2022 include post-tax conversion and other expenses of $31 million, or $0,94 per diluted share.

Carol Tomé, UPS's Chief Executive Officer, said: “I want to thank our UPS employees around the world for providing exceptional service to our customers. While external factors are constantly changing, our strategic framework focused on improving the quality of our business has improved nearly every aspect of our operations, allowing for greater flexibility and strong financial performance.”

USADomestic Package Shipping

2022Q 2	Organized 2022Q 2	2021Q 2	Organized 2021Q 2
Revenue	15.459 million dollars		14.402 million dollars
Operating profit	1.829 million dollars	1.855 million dollars	1.567 million dollars	1.675 million dollars

• With the effect of 11,9 percent increase in revenue per piece, there was a 7,3 percent growth in turnover.
• Operating profit was 11,8 percent, while adjusted operating profit reached 12,0 percent.

International Package Shipping

	2022Q 2	Organized 2022Q 2	2021Q 2	Organized 2021Q 2
Revenue	5.073 million dollars		4.817 million dollars
Operating profit	1.193 million dollars	1.204 million dollars	1.184 million dollars	1.190 million dollars

• With the effect of 14,8 percent increase in income per piece, there was an increase of 5,3 percent in turnover.
• Operating profit was 23,5 percent, while regulated operating profit reached 23,7 percent.

Supply Chain Solutions¹

	2022Q 2	Organized 2022Q 2	2021Q 2	Organized 2021Q 2
Revenue	4.234 million dollars		4.205 million dollars
Operating profit	513 million dollars	517 million dollars	507 million dollars	408 million dollars

¹ According to ASC Topic 280 Segment Reporting, it consists of activity segments that do not meet the reportable segment criteria.

• With the effect of our transportation and health activities, there was a 0,7 percent increase in turnover.
• Operating profit was 12,1%, while adjusted operating profit reached 12,2%.

2022 Overview

UPS confirmed its full-year financial targets for 2022:

• Consolidated turnover of 102 billion dollars
• Consolidated regulated operating profit of approximately 13,7 percent
• Adjusted return on investment capital of over 30 percent
• Capital expense of 5,4 percent of turnover, or approximately $5,5 billion
• Dividend payment of approximately $5,2 billion, subject to board approval

Finally, UPS increased its share repurchase target for 2022 to $3 billion.