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UPS reports losses in 4Q2012

1-Feb-2013 9:52 AM

UPS revenue up 3% – financial highlights:

  • Three months ended 31-Dec-2012:
    • Total revenue: USD14,571 million, +2.9% year-on-year;
      • US domestic package: USD8933 million, +3.0%;
      • International package: USD3201 million, +1.5%;
      • Supply chain and freight: USD2437 million, +4.0%;
    • Operating profit (loss): (USD2782 million), compared to a profit of USD1197 million in p-c-p;
      • US domestic package: (USD1799 million), compared to a profit of USD841 million in p-c-p;
      • International package: (USD442 million), compared to a profit of USD334 million in p-c-p;
      • Supply chain and freight: (USD541 million), compared to a profit of USD22 million in p-c-p;
    • Net profit (loss): (USD1748 million), compared to a profit of USD725 million in p-c-p;
  • 12 months ended 31-Dec-2012:
    • Total revenue: USD54,127 million, +1.9%;
      • US domestic package: USD32,856 million, +3.6%;
      • International package: USD12,124 million, -1.0%;
      • Supply chain and freight: USD9147 million, +0.1%;
    • Operating profit: USD1343 million, -77.9%;
    • US domestic package: USD459 million, -87.8%;
      • International package: USD869 million, -49.2%;
      • Supply chain and freight: USD15 million, -97.5%;
    • Net profit: USD807 million, -78.8%;
    • Total assets: USD38,986 million, +12.3%;
    • Cash and marketable securities: USD7924 million, +85.4%;
    • Total liabilities: USD34,235 million, +24.1%. [more – original PR]

UPS: “Economic growth for 2013 is expected to be below long-term trends. Despite USD350 million in headwinds from unfavorable foreign exchange comparisons and increased pension expense, UPS anticipates full year diluted earnings per share to increase 6% to 12% over 2012 adjusted results,” Kurt Kuehn, CFO. Source: Company statement, 31-Jan-2013.

UPS: "Despite modest macro growth expectations for 2013 and uncertainty in the U.S. caused by the lack of progress in Washington, the UPS business model will deliver consistent results, with operating profit growth in all segments," Scott Davis, Chairman and CEO. Source: Company statement, 31-Jan-2013.