UPS reports profit growth in 2011 despite declines in 4Q2011, expects another strong year in 2012

UPS revenue up 6% - financial highlights*:

• Three months ended 31-Dec-2011:
  • Total revenue: USD14,166 million, +5.6% year-on-year;
    • US domestic package: USD8670 million, +7.3%;
    • International package: USD3153 million, +3.5%;
    • Supply chain and freight: USD343 million, +2.1%;
  • Operating costs: USD12,969 million, +10.4%;
  • Operating profit: USD1197 million, -28.4%;
    • US domestic package: USD841 million, -14.7%;
    • International package: USD334 million, -31.4%;
    • Supply chain and freight: USD22 million, -88.9%;
  • Net profit: USD725 million, -29.3%;
• 12 months ended 31-Dec-2011:
  • Total revenue: USD53,105 million, +7.2%;
    • US domestic package: USD31,717 million, +6.6%;
    • International package: USD12,249 million, +10.0%;
    • Supply chain and freight: USD9139 million, +5.4%;
  • Operating costs: USD47,025 million, +7.1%;
  • Operating profit: USD6080 million, +7.8%;
    • US domestic package: USD3764 million, +16.2%;
    • International package: USD1709 million, -6.7%;
    • Supply chain and freight: USD607 million, +6.1%;
  • Net profit: USD3804 million, +14.0%. [more - original PR]

*Inclusive of change in pension accounting

UPS: "Looking to 2012, our expectations are for mixed economic growth around the world, with modest improvement in the US. However, UPS projects another strong year of earnings. We expect diluted earnings per share to be within a range of USD4.75 to USD5.00, an increase of 9% to 15% over adjusted 2011 results," Kurt Kuehn, CFO. Source: UPS, 31-Jan-2012.