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$UPS (-0,91%) | Q3'24 Earnings Highlights:


๐Ÿ”น Adj EPS: $1.76 (Est. $1.63) ๐ŸŸข; UP +12.1% YoY

๐Ÿ”น Revenue: $22.2B (Est. $22.14B) ๐ŸŸข; UP +5.6% YoY

๐Ÿ”น Non-GAAP Operating Margin: 8.9%


Cuts FY24 Guidance:

๐Ÿ”ธ Revenue: ~$91.1B (Prior: $93B; Est. $91.85B) ๐Ÿ˜•

๐Ÿ”ธ Non-GAAP Operating Margin: Expected to reach 9.6%


Segment Performance:

U.S. Domestic Segment:

๐Ÿ”น Revenue: $14.45B; UP +5.8% YoY

๐Ÿ”น Operating Profit: $898M (Adj. $974M); UP from $571M in Q3'23

๐Ÿ”น Operating Margin: 6.2%; Non-GAAP Adjusted Operating Margin: 6.7%

๐Ÿ”ธ Growth driven by a 6.5% increase in average daily volume


International Segment:

๐Ÿ”น Revenue: $4.41B; UP +3.4% YoY

๐Ÿ”น Operating Profit: $798M (Adj. $792M); UP from $630M in Q3'23

๐Ÿ”น Operating Margin: 18.1%; Non-GAAP Adjusted Operating Margin: 18.0%

๐Ÿ”ธ Growth primarily due to a 2.5% increase in revenue per piece


Supply Chain Solutions:

๐Ÿ”น Revenue: $3.38B; UP +8.0% YoY

๐Ÿ”น Operating Profit: $289M (Adj. $217M); UP from $142M in Q3'23

๐Ÿ”น Operating Margin: 8.5%; Non-GAAP Adjusted Operating Margin: 6.4%

๐Ÿ”ธ Growth fueled by air and ocean forwarding, plus continued onboarding of USPS air cargo


Business and Strategic Updates:

๐Ÿ”ธ Disposition of Coyote Logistics: Completed in Q3'24; Adjustments made to revenue and margin targets accordingly

๐Ÿ”ธ Capex: Expected to be $4.0B in FY24

๐Ÿ”ธ Dividend Payments: Forecast at $5.4B, pending Board approval


CEO Carol Tomรฉ's Commentary:

๐Ÿ”ธ "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."

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