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United Parcel Service Inc (UPS) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

United Parcel Service Inc

HISTORY TOOLS
CIK: 1090727 Ticker: UPS


Exhibit 99.1
For Immediate Release

Contacts:
Steve Gaut, Public Relations
 
404-828-8787
 
 
 
Scott Childress, Investor Relations
 
404-828-7957

UPS RELEASES 3Q 2019 EARNINGS
Operating Profit Up More Than 20%, with Margin Expansion in All Segments


•
3Q19 EPS of $2.01, Up More Than 16%; Adjusted* EPS Up 13.7% to $2.07
•
U.S. Daily Volume Grew Above 9%; Next Day Air Volume Jumped Nearly 24%
•
U.S. Operating Profit Rose Over 28%; Grew Nearly 26% on an Adjusted Basis
•
Positive Operating Leverage in U.S. Driven by Lower Unit Cost
•
International Operating Profit Up 24.4%; and 20.3% on an Adjusted Basis
•
Supply Chain and Freight Operating Margin of 7.3%; Adjusted Margin of 7.6%
•
Reaffirms 2019 Adjusted EPS and Raises Adjusted FCF Target to Over $4.0B


ATLANTA - October 22, 2019
 - UPS (NYSE:UPS) today announced third-quarter 2019 adjusted earnings per share of $2.07, a 13.7% increase over the same period last year. The company delivered strong operating profit growth of more than 20%, led by the U.S. Domestic and International segments. U.S. Domestic performed exceptionally well year-over-year, with volume gains across all products.

“Our results reflect significant progress from our transformation initiatives, and our ability to generate growth and deliver increased efficiencies in a dynamic economic environment,” said David Abney, UPS chairman and CEO. “As we recently announced, we continue to forge new partnerships and create innovative solutions to accelerate growth in the most attractive opportunities.”

Transformation strategy costs are excluded from adjusted results. Adjusted third-quarter 2019 results exclude a pre-tax transformation charge of $63 million, or $0.06 per diluted share after tax. Adjusted third-quarter 2018 results excluded a pre-tax transformation charge of $97 million, or $0.09 per share after tax.

Consolidated Results
3Q 2019
Adjusted
3Q 2019
3Q 2018
Adjusted
3Q 2018
Revenue
$18,318 M
 
$17,444 M
 
Net Income
$1,750 M
$1,797 M
$1,508 M
$1,581 M
Diluted Earnings Per Share
$2.01
$2.07
$1.73
$1.82
 
 
 



* “Adjusted” and amounts presented in this release are non-GAAP financial measures. See the appendix to this release for a discussion of non-GAAP financial metrics, including a reconciliation to the most closely correlated GAAP measure. 






The following information was filed by United Parcel Service Inc (UPS) on Tuesday, October 22, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside United Parcel Service Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Statements Of Consolidated Cash Flows
Statements Of Consolidated Comprehensive Income
Statements Of Consolidated Income
Activity In Accumulated Other Comprehensive Income (Loss) (Detail)
Activity In Accumulated Other Comprehensive Income (Loss) (Phantoms) (Detail)
Activity In Deferred Compensation Program (Detail)
Allocation Of Goodwill By Reportable Segment (Detail)
Amount And Location In The Income Statement For Derivatives Designed As Cash Flow Hedges (Detail)
Amount Recorded In Income Statements For Foreign Currency Forward Contracts Not Designated As Hedges (Detail)
Basis Of Presentation
Basis Of Presentation (Policies)
Carrying Value Of Outstanding Debt (Detail)
Cash And Investments
Cash And Investments (Tables)
Cash And Investments - Additional Information (Detail)
Cash And Investments - Amortized Cost And Estimated Fair Value Of Marketable Securities By Contractual Maturity (Detail)
Cash And Investments - Cash Details (Details)
Cash And Investments - Investments Measured At Fair Value On A Recurring Basis (Detail)
Cash And Investments - Summary Of Marketable Securities (Detail)
Computation Of Basic And Diluted Earnings Per Share (Detail)
Debt And Financing Arrangements
Debt And Financing Arrangements (Tables)
Debt And Financing Arrangements - Additional Information (Detail)
Derivative Instruments And Risk Management
Derivative Instruments And Risk Management (Tables)
Derivative Instruments And Risk Management - Additional Information (Detail)
Derivative Instruments And Risk Management - Fair Value Derivative Balance Sheet Location (Details)
Derivative Instruments And Risk Management - Income Statement And Aoci Recognition (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Additional Information (Detail)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Additional Information (Detail)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Narratives) (Details)
Goodwill And Intangible Assets (Tables)
Income Taxes
Income Taxes - Additional Information (Detail)
Leases
Leases (Tables)
Leases - Lease Cost (Details)
Leases - Maturity Schedule After Adoption (Details)
Leases - Maturity Schedule Prior To Adoption (Details)
Leases - Narratives (Details)
Leases - Supplemental Balance Sheet (Details)
Leases - Supplemental Cash Flow Disclosures (Details)
Legal Proceedings And Contingencies
Legal Proceedings And Contingencies (Narratives) (Details)
Location On The Balance Sheet Of Derivative Assets And Liabilities (Detail)
Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans (Detail)
Notional Amounts Of Outstanding Derivative Positions (Detail)
Property Plant And Equipment (Detail)
Property Plant And Equipment - Additional Information (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Tables)
Recent Accounting Pronouncements
Recent Accounting Pronouncements - Narratives (Details)
Revenue Recognition
Revenue Recognition (Details)
Revenue Recognition (Tables)
Revenue Recognition - Narratives (Details)
Roll-Forward Of Common Stock, Additional Paid-In Capital, Retained Earnings Accounts And Noncontrolling Interest (Detail)
Segment Information
Segment Information (Detail)
Segment Information (Tables)
Segment Information - Additional Information (Detail)
Shareowners' Equity
Shareowners' Equity (Tables)
Shareowners' Equity - Additional Information (Detail)
Shareowners' Equity Amounts Reclassified From Aoci (Detail)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Detail)
Stock-Based Compensation - Fair Value Of Employee Stock Options Granted As Determined By Black-Scholes Valuation Model Assumptions (Detail)
Summary Of Intangible Assets (Detail)
Transformation Strategy (Details)
Transformation Strategy (Notes)
Transformation Strategy X (Tables)

Material Contracts, Statements, Certifications & more

United Parcel Service Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: UPS
CIK: 1090727
Form Type: 10-Q Quarterly Report
Accession Number: 0001090727-19-000060
Submitted to the SEC: Tue Oct 29 2019 1:11:22 PM EST
Accepted by the SEC: Tue Oct 29 2019
Period: Monday, September 30, 2019
Industry: Trucking And Courier Services No Air

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