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UPS quarterly profit up 15pc to US$1.3 billion as revenues rise 10pc
来源： 编辑：编辑部 发布：2018/04/28 15:47:55
ATLANTA's express delivery giant United Parcel Service (UPS) saw first quarter net profit increase 15.4 per cent year on year to US$1.3 billion, drawn on revenues of $17.1 billion, up 10.3 per cent.
"Top-line growth was strong across all business segments, reflecting the power of UPS' global solutions and continued favourable economic conditions," said UPS chairman and CEO David Abney.
UPS attributed its strong performance to double-digit operating profit growth in the company's international, supply chain and freight segments.
The company's domestic unit, on the other hand, reported a 20.4 per cent decrease in first-quarter operating profits to $756 million, due in part to an $85 million impact from severe winter weather as well as Saturday deployment costs, network expansion and higher pension expenses.
Revenues for the segment grew 7.2 per cent year on year to $10.2 billion, as higher base rates and fuel surcharges contributed to a 2.6 per cent increase in revenue per piece and average daily package volumes grew 4.6 per cent.
Looking ahead to the remainder of this year, UPS reiterated its projections for full-year 2018 adjusted diluted earnings per share in a range of $7.03 per share to $7.37 per share. The company is planning for capital expenditures of between $6.5 billion and $7 billion for the year.
Said chief financial officer Richard Peretz: "Our focused business strategies are producing strong results. The benefits from our investments, new multiyear transformation efficiencies and stronger pricing position us well for shareowner value creation."
"Top-line growth was strong across all business segments, reflecting the power of UPS' global solutions and continued favourable economic conditions," said UPS chairman and CEO David Abney.
UPS attributed its strong performance to double-digit operating profit growth in the company's international, supply chain and freight segments.
The company's domestic unit, on the other hand, reported a 20.4 per cent decrease in first-quarter operating profits to $756 million, due in part to an $85 million impact from severe winter weather as well as Saturday deployment costs, network expansion and higher pension expenses.
Revenues for the segment grew 7.2 per cent year on year to $10.2 billion, as higher base rates and fuel surcharges contributed to a 2.6 per cent increase in revenue per piece and average daily package volumes grew 4.6 per cent.
Looking ahead to the remainder of this year, UPS reiterated its projections for full-year 2018 adjusted diluted earnings per share in a range of $7.03 per share to $7.37 per share. The company is planning for capital expenditures of between $6.5 billion and $7 billion for the year.
Said chief financial officer Richard Peretz: "Our focused business strategies are producing strong results. The benefits from our investments, new multiyear transformation efficiencies and stronger pricing position us well for shareowner value creation."