- United Parcel Service Inc UPS reported Q3 FY22 revenue of $24.2 billion, +4.2% Y/Y, narrowly missing the consensus of $24.42 billion.
- Adjusted earnings per share improved 10.3% year over year to $2.99, beating the consensus of $2.87.
- Consolidated operating income was $3.1 billion, +7.5%, up 6% on an adjusted basis.
- Revenue for the US Domestic segment rose 8.2% year over year to $15.37 billion, driven by a 9.8% increase in unit sales. Adjusted operating margin was 11%.
- International segment revenue rose 1.7% year over year to $4.79 billion, driven by a 6.4% increase in revenue per unit. Adjusted operating margin was 20.9%.
- Supply Chain Solutions segment revenue fell 6.3% to $3.99 billion on declines in air and ocean freight forwarders, and its adjusted operating margin reached 11.5%.
- “The macro environment is very dynamic, but we are on track to meet our 2022 financial goals by executing our strategy and controlling everything we can,” said UPS Chief Executive Carol Tomé.
- FY22 Outlook confirms: For full year 2022, the company reiterates its consolidated financial targets of approximately $102 billion in revenue, an adjusted operating margin of approximately 13.7% and an adjusted return on capital employed of over 30%.
- Price promotion: UPS shares are up 2.89% to $172.40 during Tuesday’s premarket session.
- Photo via company
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