The earnings call highlighted a return to revenue and profit growth driven by strong domestic performance and international segment improvement. However, challenges such as macroeconomic headwinds, air volume decline, and tempered peak season expectations were noted. Overall, the positive momentum in revenue growth and operational efficiency was somewhat counterbalanced by these challenges.

Company Guidance

During the UPS Q3 2024 earnings call, the company reported a consolidated revenue of $22.2 billion, marking a 5.6% increase from the previous year, and a consolidated operating profit of $2 billion, representing a 22.8% rise. The domestic segment showed a 6.5% increase in average daily volume, leading to $14.5 billion in revenue, while international operations maintained momentum with flat average daily volumes and a 3.4% revenue increase. The Supply Chain Solutions segment contributed $3.4 billion in revenue, highlighting a 15.1% increase in air and ocean forwarding. Despite a challenging macro environment, UPS improved its U.S. revenue per piece growth rate and expects consolidated revenue of approximately $91.1 billion for the full year, with a lifted operating margin target of about 9.6%. The company also focused on strategic initiatives, including the acquisition of Frigo-Trans to enhance healthcare logistics capabilities.

Return to Revenue and Profit Growth

UPS returned to revenue and profit growth for the first time in two years, with a consolidated revenue of $22.2 billion, an increase of 5.6% compared to the third quarter of last year.

Strong U.S. Domestic Performance

U.S. Domestic segment showed strong volume growth with the highest growth rate in more than three years, and a decrease in cost per piece of 4.1%.

Expansion in Healthcare Logistics

UPS generated $2.5 billion in consolidated healthcare revenue, contributing to growth across all segments, and announced the acquisition of Frigo-Trans to enhance temperature-sensitive healthcare capabilities in Europe.

Operational Efficiency Improvements

The Network of the Future initiative resulted in 45 operational closures and improved productivity, contributing to 8% improvement in pieces per workforce hour.

International Segment Growth

International business grew revenue by 3.4% and operating profit by 17.3%, with operating margin increasing by 220 basis points.

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United Parcel (UPS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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UPS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 25, 2018	2018 (Q2)	- / 1.94	1.58	22.78% (+0.36)	―	―
Oct 24, 2018	2018 (Q3)	- / 1.82	1.45	25.52% (+0.37)	―	―
Jan 31, 2019	2018 (Q4)	- / 1.94	1.67	16.17% (+0.27)	―	―
Apr 25, 2019	2019 (Q1)	- / 1.39	1.55	-10.32% (-0.16)	―	―
Jul 24, 2019	2019 (Q2)	- / 1.96	1.94	1.03% (+0.02)	―	―
Oct 22, 2019	2019 (Q3)	- / 2.07	1.82	13.74% (+0.25)	―	―
Jan 30, 2020	2019 (Q4)	- / 2.11	1.94	8.76% (+0.17)	―	―
Apr 28, 2020	2020 (Q1)	- / 1.15	1.39	-17.27% (-0.24)	―	―
Jul 30, 2020	2020 (Q2)	- / 2.13	1.96	8.67% (+0.17)	―	―
Oct 28, 2020	2020 (Q3)	- / 2.28	2.07	10.14% (+0.21)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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UPS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 24, 2024	$129.81	$136.67	+5.28%
Jul 23, 2024	$141.61	$124.54	-12.05%
Apr 23, 2024	$140.23	$143.61	+2.41%
Jan 30, 2024	$150.75	$138.38	-8.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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