UPS (NYSE: UPS) reported Q4 EPS of $2.66, $0.52 better than the analyst estimate of $2.14. Revenue for the quarter came in at $24.9 billion versus the consensus estimate of $22.87 billion.

• Consolidated Revenue Increased 21.0% to $24.9B; Growth Across All Segments
• Consolidated Operating Profit Up 1.6% to $2.2B, Up 26.0% on an Adjusted* Basis
• Diluted EPS of ($3.75); Adjusted Diluted EPS of $2.66, Up 26.1%
• For the Year, Reported Highest Revenue and Adjusted Diluted Earnings Per Share in Company History

“Our financial performance in the fourth quarter exceeded our expectations, and I thank all UPSers for their extraordinary efforts to deliver industry-leading service through the holidays.” said Carol Tomé, UPS chief executive officer. “I’d also like to thank our customers who worked with us during this challenging year. As we look past 2020 into the new year, we are optimistic. During the fourth quarter, we began transporting COVID-19 vaccines and we stand ready to deliver hope and health to people around the world.”

Outlook

Given continued economic uncertainty due to the global pandemic, the Company is not providing revenue or diluted earnings per share guidance. It is providing full-year guidance for capital allocation.

Full-Year 2021 Capital Allocation

• Capital expenditures are planned to be about $4.0 billion.
• Dividends are expected to grow, subject to Board approval.
• Long-term debt maturities of $2.5 billion will be repaid when they come due.
• Effective tax rate is expected to be approximately 23.5%.
• The Company has no plans to repurchase shares or access the debt capital markets in 2021.

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