UPS (NYSE:UPS) announced that its consolidated revenue for the third quarter of 2022 increased by 2021% compared to the third quarter of 4,2 to $24,2 billion. Consolidated operating profit was $2021 billion, up 7,5% from the third quarter of 6,0 and up 3,1% on an adjusted basis. Diluted earnings per share were $2,96 for the quarter; Adjusted diluted earnings per share of $2,99 were up 2021% from the same period in 10,3.
GAAP results for the third quarter of 2022 include $0,03 million after-tax conversion and other fees, equivalent to $27 per diluted share.
UPS CEO Carol Tomé explained: “I want to thank UPS employees around the world for their unstoppable dedication and outstanding service to our customers. The macro environment is very dynamic, but we are on track to achieve our 2022 financial targets by implementing our strategy and controlling what we can control.”
US Domestic Package Shipping
|
2022 3st Quarter |
Organized 2022 3st Quarter |
2021 3st Quarter |
Organized
2021 3st Quarter |
|
| Revenue | 15,374 Million $ | 14,208 Million $ | ||
| Operating profit | 1,666 Million $ | 1,686 Million $ | 1,407 Million $ | 1,414 Million $ |
- Revenue rose 9,8%, driven by a 8,2% increase in revenue per piece.
- Operating profit 10,8%; adjusted operating profit was 11,0%.
International Package Shipping
|
2022 3st Quarter |
Organized
2022 3st Quarter |
2021 3st Quarter |
Organized
2021 3st Quarter |
|
| Revenue | 4,799 Million $ | 4,720 Million $ | ||
| Operating profit | 997 Million $ | 1,004 Million $ | 1,051 Million $ | 1,108 Million $ |
- Revenue rose 6,4%, driven by a 1,7% increase in revenue per piece.
- Operating profit 20,8%; adjusted operating profit was 20,9%.
Supply Chain Solutions
|
2022 3st Quarter |
Organized
2022 3st Quarter |
2021 3st Quarter |
Organized 2021 3st Quarter |
|
| Revenue | 3,988 Million $ | 4,256 Million $ | ||
| Operating profit | 450 Million $ | 459 Million $ | 438 Million $ | 448 Million $ |
- Revenue fell 6,3% due to declines in air and sea freight, partially offset by growth in logistics and healthcare businesses.
- Operating profit 11,3%; adjusted operating profit was 11,5%.
2022 Overview
Because it is not possible to foresee or present a reconciliation reflecting the potentially material impact of future pension adjustments or other unforeseen events that could be included in reported (GAAP) results, the company provides regulated (non-GAAP) basis guidance.
For the full year 2022, the company reaffirms its consolidated financial targets of approximately $102 billion in revenue, approximately 13,7% adjusted operating margin and over 30% adjusted return on investment capital.
The company expects capital expenditures for this year to be approximately $5 billion. Dividend payments are expected to be approximately $5,2 billion and share repurchases are expected to be at least $3,0 billion, subject to board approval.
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