UPS (UPS) Tops Q4 EPS by 50c, Offers Guidance

UPS (NYSE: UPS) reported Q4 EPS of $3.59, $0.50 better than the analyst estimate of $3.09. Revenue for the quarter came in at $27.8 billion versus the consensus estimate of $27.01 billion.

GUIDANCE:

UPS sees FY2022 revenue of $102 billion, versus the consensus of $100 billion.

• The company provides guidance on an adjusted (non-GAAP) basis because it is not possible to predict or provide a reconciliation reflecting the impact of future pension mark-to-market adjustments or other unanticipated events, which would be included in reported (GAAP) results and could be material.
• UPS expects to deliver its 2023 consolidated revenue and operating margin targets one year early. For the full year 2022, the company expects consolidated revenue of about $102 billion, an adjusted operating margin of approximately 13.7% and adjusted return on invested capital to be above 30%.
• The company is planning capital expenditures to be 5.4% of revenue or approximately $5.5 billion, dividend payments to be around $5.2 billion, subject to Board approval, and share repurchases to be at least $1.0 billion. The effective tax rate is expected to be around 23.0%.
• * “Adjusted” and free cash flow amounts are non-GAAP financial measures. See the appendix to this release for a discussion of non-GAAP financial measures, including a reconciliation to the most closely correlated GAAP measure.

For earnings history and earnings-related data on UPS (UPS) click here.

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