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United Parcel Service Inc (UPS) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

United Parcel Service Inc

CIK: 1090727 Ticker: UPS

Exhibit 99.1
For Immediate Release

UPS RELEASES 3Q 2021 EARNINGS

Consolidated Revenues of $23.2B, Up 9.2% from Last Year
Consolidated Operating Profit of $2.9B, Up 22.6% from Last Year; Up 23.4% on
an Adjusted* Basis
Diluted EPS of $2.65, Up 18.3% from Last Year; Adjusted Diluted EPS Up 18.9%
to $2.71
Company Raises Full-Year 2021 Financial Guidance

ATLANTA – October 26, 2021
– UPS (NYSE:UPS) today announced third-quarter 2021 consolidated revenue of $23.2 billion, a 9.2% increase over the third quarter of 2020. Consolidated operating profit was $2.9 billion, up 22.6% compared to the third quarter of 2020, and up 23.4% on an adjusted basis. Diluted earnings per share were $2.65 for the quarter, 18.3% above the same period in 2020, and up 18.9% on an adjusted basis.

For the third quarter of 2021, GAAP results include after-tax transformation and other charges of $54 million, equivalent to $0.06 per share. Year-to-date cash from operations was $11.8 billion, up 26.7% compared to the same period in 2020, with free cash flow of $9.3 billion, a 52.3% increase above the first nine months of 2020.

“I want to thank all UPSers for delivering what matters with great service to our customers,” said Carol Tomé, UPS chief executive officer. “The actions we are taking under our better not bigger strategic framework to improve revenue quality, enhance productivity and remain disciplined on capital allocation are driving our positive financial performance.”


U.S. Domestic Segment

3Q 2021
Adjusted
3Q 2021

3Q 2020
Adjusted
3Q 2020
Revenue$14,208M$13,225M
Operating profit$1,407M$1,414M$1,098M$1,133M

Revenue was up 7.4%, driven by a 12.0% increase in revenue per piece.
Operating margin was 9.9%; adjusted operating margin was 10.0%.

International Segment

3Q 2021
Adjusted
3Q 2021

3Q 2020
Adjusted
3Q 2020
Revenue$4,720M$4,087M
Operating profit$1,051M$1,108M$966M$972M

Revenue increased 15.5%, with strong growth from all regions.
Operating margin was 22.3%; adjusted operating margin was 23.5%.










The following information was filed by United Parcel Service Inc (UPS) on Tuesday, October 26, 2021 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

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Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Statements Of Consolidated Cash Flows
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Activity In Accumulated Other Comprehensive Income (Loss) (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)
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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
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Derivative Instruments And Risk Management - Income Statement And Aoci Recognition (Details)
Earnings Per Share
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Goodwill And Intangible Assets - Summary Of Intangible Assets (Detail)
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Roll-Forward Of Common Stock, Additional Paid-In Capital, Retained Earnings Accounts And Noncontrolling Interest (Detail)
Segment Information
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Shareowners' Equity
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Shareowners' Equity - Activity In Deferred Compensation Program (Detail)
Shareowners' Equity - Additional Information (Detail)
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United Parcel Service Inc provided additional information to their SEC Filing as exhibits

Ticker: UPS
CIK: 1090727
Form Type: 10-Q Quarterly Report
Accession Number: 0001090727-21-000042
Submitted to the SEC: Thu Nov 04 2021 4:42:22 PM EST
Accepted by the SEC: Thu Nov 04 2021
Period: Thursday, September 30, 2021
Industry: Trucking And Courier Services No Air

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