🔹 Adj. EPS: $1.49 (Est. $1.39) 🟢; UP +4.2% YoY
🔹 Revenue: $21.5B (Est. $21.03B) 🟢; DOWN -0.7% YoY
🔹 Oper. Income: $1.7B (Est. $1.74B) 🟡; UP +3.3% YoY
Outlook:
🔸 No updates provided to full-year 2025 consolidated outlook given macroeconomic uncertainty.
🔸 Second quarter expectations will be discussed on the earnings conference call.
Q1 Segment Performance:
U.S. Domestic Package
🔹 Revenue: $14.46B (Est. $14.18B) 🟢; UP +1.4% YoY
🔹 Operating Profit: $979M (Est. $1.01B) 🔴
🔹 Non-GAAP Adjusted Operating Profit: $1.01B 🟡
🔹 Operating Margin: 6.8%
🔹 Non-GAAP Adjusted Operating Margin: 7.0%
🔸 Revenue growth driven by air cargo increases and 4.5% improvement in revenue per piece, partially offset by lower volume.
International Package
🔹 Revenue: $4.37B (Est. $4.25B) 🟢; UP +2.7% YoY
🔹 Operating Profit: $641M (Est. $656.8M) 🔴
🔹 Non-GAAP Adjusted Operating Profit: $654M 🟡
🔹 Operating Margin: 14.7%
🔹 Non-GAAP Adjusted Operating Margin: 15.0%
🔸 Revenue growth driven by 7.1% increase in average daily volume.
Supply Chain Solutions
🔹 Revenue: $2.71B (Est. $2.72B) 🟡; DOWN -14.8% YoY
🔹 Operating Profit: $46M (Est. $111.3M) 🔴
🔹 Non-GAAP Adjusted Operating Profit: $98M 🔴
🔹 Operating Margin: 1.7%
🔹 Non-GAAP Adjusted Operating Margin: 3.6%
🔸 Revenue decline primarily due to the divestiture of Coyote.
CEO Carol Tomé's Commentary:
🔸 "As a trusted leader in global logistics, we will leverage our integrated network and trade expertise to assist customers as they adapt to a changing trade environment."
🔸 "The actions we are taking to reconfigure our network and reduce cost could not be timelier given macro uncertainty."
🔸 "Despite dynamic conditions, UPS will emerge stronger and more nimble."