$UPS (+0,7 %) | Q3'24 Earnings Highlights:

🔹 Adj EPS: $1.76 (Est. $1.63) 🟢; UP +12.1% YoY

🔹 Revenue: $22.2B (Est. $22.14B) 🟢; UP +5.6% YoY

🔹 Non-GAAP Operating Margin: 8.9%

Cuts FY24 Guidance:

🔸 Revenue: ~$91.1B (Prior: $93B; Est. $91.85B) 😕

🔸 Non-GAAP Operating Margin: Expected to reach 9.6%

Segment Performance:

U.S. Domestic Segment:

🔹 Revenue: $14.45B; UP +5.8% YoY

🔹 Operating Profit: $898M (Adj. $974M); UP from $571M in Q3'23

🔹 Operating Margin: 6.2%; Non-GAAP Adjusted Operating Margin: 6.7%

🔸 Growth driven by a 6.5% increase in average daily volume

International Segment:

🔹 Revenue: $4.41B; UP +3.4% YoY

🔹 Operating Profit: $798M (Adj. $792M); UP from $630M in Q3'23

🔹 Operating Margin: 18.1%; Non-GAAP Adjusted Operating Margin: 18.0%

🔸 Growth primarily due to a 2.5% increase in revenue per piece

Supply Chain Solutions:

🔹 Revenue: $3.38B; UP +8.0% YoY

🔹 Operating Profit: $289M (Adj. $217M); UP from $142M in Q3'23

🔹 Operating Margin: 8.5%; Non-GAAP Adjusted Operating Margin: 6.4%

🔸 Growth fueled by air and ocean forwarding, plus continued onboarding of USPS air cargo

Business and Strategic Updates:

🔸 Disposition of Coyote Logistics: Completed in Q3'24; Adjustments made to revenue and margin targets accordingly

🔸 Capex: Expected to be $4.0B in FY24

🔸 Dividend Payments: Forecast at $5.4B, pending Board approval

CEO Carol Tomé's Commentary:

🔸 "After a challenging 18-month period, UPS has returned to revenue and profit growth. With peak season around the corner, we are prepared to deliver a successful holiday season and continue building on the progress made this quarter."