UPS (UPS) Misses Q2 EPS by 21c, Misses on Revenue; Offers FY24 Revenue Guidance

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UPS Releases 2Q 2024 Earnings

July 23, 2024 6:00 AM EDT

Consolidated Revenues of $21.8B, Compared to $22.1B Last Year Consolidated Operating Margin of 8.9%; Adjusted* Consolidated Operating Margin of 9.5% Diluted EPS of $1.65; Adj. Diluted EPS of $1.79, Compared to $2.54 Last Year Updates Full-Year 2024 Financial Guidance; Restarts Share Repurchase Program, Targeting $1B Annually

ATLANTA--(BUSINESS WIRE)-- UPS (NYSE: UPS) today announced second-quarter 2024 consolidated revenues of $21.8 billion, a 1.1% decrease from the second quarter of 2023. Consolidated operating profit was $1.9 billion, down 30.1% compared to the second quarter of 2023, and down 29.3% on an... More