UPS (UPS) Tops Q4 EPS by 3c, FY19 EPS Comes in Light

UPS (NYSE: UPS) reported Q4 EPS of $1.94, $0.03 better than the analyst estimate of $1.91. Revenue for the quarter came in at $19.85 billion versus the consensus estimate of $19.97 billion.

GUIDANCE:

UPS sees FY2019 EPS of $7.45-$7.75 vs $7.73 expected.

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 executed very well during the quarter in a challenging environment,” said Richard Peretz, UPS chief financial officer. “In 2019, we plan to generate substantial increases in operating profit growth in all three business units.”

1. UPS expects total adjusted operating profit growth in the low-teens with all segments up double-digits.
2. Adjusted, diluted earnings per share to be in a range of $7.45 to $7.75, which includes pension financing costs headwinds of about $325 million.
3. The 2019 effective tax rate should be between 23 and 24 percent.
4. Capital expenditures are planned between 8.5% and 10% of 2019 consolidated revenue.
5. Transformation charges are excluded from guidance.

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

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