ups 2nd quarter earnings 2020

UPS (NYSE:UPS) will announce its 2020 second-quarter results on Thursday, July 30, 2020, at approximately 6:00 a.m. Eastern Time. You should consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of information contained in such forward-looking statements. Q3 2020 … please check and adjust your browser settings to enable To ship with UPS, visit ups.com/ship. Given that the fiscal 2020 fourth-quarter results FedEx delivered on June 30 were warmly received by the market, it would seem appropriate to take a look at what UPS … GAAP results included a pre-tax transformation charge of $112 million, equivalent to $0.10 per share. Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. “Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments and strong outbound demand from Asia,” said Carol Tomé, UPS chief executive officer. Sign up now to receive occasional email updates from UPS. Non-GAAP operating profit, operating margin, pre-tax income, net income and earnings per share exclude the impact of costs related to restructuring programs, including Transformation strategy costs. For more information about this press release, contact: If you are unable to download this video, image or audio file, Q3 2020 United Parcel Service, Inc. Earnings Conference Call. Second Quarter Fiscal 2020 Results. United Parcel Service last announced its quarterly earnings results on October 28th, 2020. The company is unable to predict the extent of the business impact or the duration of the coronavirus pandemic, or reasonably estimate its operating performance in future quarters. This call will be open to reporters and the public via a live webcast. Operating margin was 7.0%; adjusted operating margin was 7.3%. UPS was awarded America’s Best Customer Service company for Shipping and Delivery services by Newsweek magazine; Fortune magazine’s Most Valuable Brand in Transportation; and top rankings on the JUST 100 list for social responsibility, the Dow Jones Sustainability World Index, and the Harris Poll Reputation Quotient, among other prestigious rankings and awards. Costs Related to Restructuring Programs; Transformation Strategy Costs. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings … Third quarter earnings results issued today for Atlanta-based global freight transportation and logistics services provider UPS came in ahead of expectations.. Quarterly revenue, at $21.2 billion, increased 15.9% annually, and adjusted earnings per share, at $2.28, was up 10.1% compared to a year ago, far outpacing Wall Street expectations, at $1.67. To request a UPS executive for an upcoming speaking engagement , please complete and submit the following form, We are unable to process your speaker request.We have not been able to received your request for a UPS speaker. Shares of UPS surged as demand for faster delivery powered a second quarter that beat Wall Street expectations.. At 8:30 a.m. To access the call, go to www.investors.ups.com and click on “Earnings … We calculate free cash flow as cash flows from operating activities less capital expenditures, proceeds from disposals of property, plant and equipment, and plus or minus the net changes in finance receivables and other investing activities. We calculate free cash flow as cash flows from operating activities less capital expenditures, proceeds from disposals of property, plant and equipment, and plus or minus the net changes in finance receivables and other investing activities. UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. 3Q20 Earnings Presentation 2.1 MB. Forward-looking statements are made subject to the safe harbor provisions of the federal securities laws pursuant to Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The transportation company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.86 by $0.42. Impact of Changes in Foreign Currency Exchange Rates and Hedging Activities. UPS is not providing revenue and diluted earnings per share guidance due to the uncertainty around the timing and pace of the economic recovery. Statements other than those of current or historical fact, and all statements accompanied by terms such as “believe,” “project,” “expect,” “estimate,” “assume,” “intend,” “anticipate,” “target,” “plan,” and variations thereof, and similar terms, are intended to be forward-looking statements. UPS grew revenue by 15.9%, operating profit by 9.9%, and earnings per share by 10.1% from the year-ago quarter, representing even better growth than it achieved in the second quarter. Average daily volume grew 9.8%, driven by strong outbound demand from Asia and an increase in cross-border e-commerce in Europe. Comcast reported its second-quarter earnings before the bell on Thursday, beating analyst estimates on the top and bottom lines.. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. * “Adjusted” amounts are non-GAAP financial measures. Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. Q2 2020 Outlook & Beyond. The company’s quarterly net income on an adjusted basis—at $1.23 billion—topped the $560 million recorded for the same quarter last year. “Our liquidity and cash position remain strong, allowing us to invest in enabling capabilities through this time of unprecedented business disruption.”, Contacts:UPS Media Relations: 404-828-7123 or pr@ups.comUPS Investor Relations: 404-828-6059 (option 2) or investor@ups.com. Despite the … Free Cash Flow and Adjusted Capital Expenditures. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. United Parcel Service (NYSE: UPS) earnings for the second quarter of fiscal year 2020 have UPS stock skyrocketing on Thursday morning. Operating margin was 9.0%; adjusted operating margin was 9.3%. The bank’s earnings are expected to be much lower in 2020 … The company will host a conference call at 11 a.m. Eastern time that day to discuss second quarter 2020 earnings results with securities analysts and institutional investors. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. We believe this provides a useful comparison of year-to-year financial performance without considering the short-term impact of restructuring costs. US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the second quarter of fiscal 2020. You have been added to the UPS press release email distribution list and can expect to begin receiving UPS news within 1 or 2 business days. 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