UPS (UPS) Reports 21% Surge in Q4 EPS, 6% Rise in Sales
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Price: $147.39 +0.53%
Revenue Growth %: -5.2%
Financial Fact:
Other expenses: 1.1B
Today's EPS Names:
FRSB, DGICA, UXIN, More
Revenue Growth %: -5.2%
Financial Fact:
Other expenses: 1.1B
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Shares of UPS (NYSE: UPS) are trading up more than 1 percent in Tuesday's pre-market hours following the release of fourth-quarter results.
Total revenue increased 6 percent to $14.2 billion, slightly below the Street’s consensus of $14.45 billion. The company experienced a 3.6 percent increase in volumes, delivering 1.13 billion in packages. Domestic sales rose 7.3 percent to $8.67 billion while international sales rose 3.5 percent to $3.15 billion.
Total operating expenses increased 10.4 percent to $12.97 billion as adjusted operating profit climbed 17 percent to over $2 billion. Operating margin rose from 12.9 percent over the same period last year to 14.3 percent.
Net income fell 29 percent year over year to $725 million and only accounted for 5.1 percent of total sales, down from the 7.6 percent last year. Adjusted diluted earnings per share were up 21 percent from the year-ago quarter to $1.28 and topped the Street’s consensus of $1.26.
“UPS delivered record fourth quarter results in volume, revenue and profitability,” said Scott Davis, UPS chairman and CEO. “In short, the quarter was a testament to the power of UPS’s global model and the company’s ability to operate efficiently in evolving markets.”
“UPS achieved record earnings per share in a volatile global operating environment where trends varied by region,” said Kurt Kuehn, UPS’s chief financial officer. “This was made possible by our balanced world-wide presence, broad portfolio of solutions and the best people in the business.
“Looking to 2012, our expectations are for mixed economic growth around the world, with modest improvement in the U.S. However, UPS projects another strong year of earnings,” he continued.
For fiscal 2012, the company’s outlook calls for diluted earnings per share to be within the range of $4.75 to $5.00, strong compared to the Street’s consensus of $4.77 per share. The company also plans on repurchasing $2.7 billion in common shares throughout 2012.
Total revenue increased 6 percent to $14.2 billion, slightly below the Street’s consensus of $14.45 billion. The company experienced a 3.6 percent increase in volumes, delivering 1.13 billion in packages. Domestic sales rose 7.3 percent to $8.67 billion while international sales rose 3.5 percent to $3.15 billion.
Total operating expenses increased 10.4 percent to $12.97 billion as adjusted operating profit climbed 17 percent to over $2 billion. Operating margin rose from 12.9 percent over the same period last year to 14.3 percent.
Net income fell 29 percent year over year to $725 million and only accounted for 5.1 percent of total sales, down from the 7.6 percent last year. Adjusted diluted earnings per share were up 21 percent from the year-ago quarter to $1.28 and topped the Street’s consensus of $1.26.
“UPS delivered record fourth quarter results in volume, revenue and profitability,” said Scott Davis, UPS chairman and CEO. “In short, the quarter was a testament to the power of UPS’s global model and the company’s ability to operate efficiently in evolving markets.”
“UPS achieved record earnings per share in a volatile global operating environment where trends varied by region,” said Kurt Kuehn, UPS’s chief financial officer. “This was made possible by our balanced world-wide presence, broad portfolio of solutions and the best people in the business.
“Looking to 2012, our expectations are for mixed economic growth around the world, with modest improvement in the U.S. However, UPS projects another strong year of earnings,” he continued.
For fiscal 2012, the company’s outlook calls for diluted earnings per share to be within the range of $4.75 to $5.00, strong compared to the Street’s consensus of $4.77 per share. The company also plans on repurchasing $2.7 billion in common shares throughout 2012.
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