UPS 1Q2014 results impacted by weather, expects FY EPS to be at lower end of guidance

UPS revenue up 3% - financial highlights for three months ended 31-Mar-2014:

• Revenue: USD13,779 million, +2.6% year-on-year;
• • US domestic package: USD8488 million, +2.6%;
  • International package: USD3127 million, +5.0%;
  • Supply chain and freight: USD2164 million, -1.0%;
• Operating profit: USD1513 million, -4.2%;
• • US domestic: USD927 million, -14.6%;
  • International package: USD438 million, +24.4%;
  • Supply chain and freight: USD148 million, +3.5%;
• Net profit: USD911 million, -12.2%;
• Total assets: USD37,085 million;
• Cash and marketable securities: USD7033 million;
• Total liabilities: USD30,823 million. [more - original PR]

UPS: "During the quarter, the momentum of the underlying business was masked by the disruption of inclement weather. We are encouraged by the positive trends in our business and expect the remainder of the year to perform as we originally guided. However, due to the challenging start to 2014, we anticipate diluted earnings per share to be at the low end of our full-year guidance range of USD5.05 to USD5.30," Kurt Kuehn, CFO. Source: Company statement, 24-APr-2014.