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UPS revenue up 13%, profits soar in 2Q2010, raises full-year guidance

23-Jul-2010 11:25 AM

UPS revenue up 13% - financial highlights:

  • Three months ended 30-Jun-2010:
    • Revenue: USD12,200 million, +12.7% year-on-year;
      • US Domestic: USD7,270 million, +7.1%;
      • International: USD2,770 million, +23.4%;
      • Supply Chain and Freight: USD2,160 million, +20.6%;
    • Total operating costs: USD10,802 million, +8.7%;
    • Operating profit: USD1,400 million, +56.4%;
      • US Domestic: USD748 million, +57.1%;
      • International: USD521 million, +77.8%;
      • Supply Chain and Freight: USD133 million, +5.6%;
    • Net profit: USD845 million, +89.9%;
  • Six months ended 30-Jun-2010:
    • Revenue: USD23,932 million, +9.9%;
      • US Domestic: 14,371 million, +4.6%;
      • International: 5,410 million, +20.6%;
      • Supply Chain and Freight: USD4,151 million, +17.2%;
    • Total operating costs: USD21,488 million, +6.6%;
    • Operating profit: USD2,444 million, +51.5%;
      • US Domestic: USD1,310 million, +52.3%;
      • International: USD948 million, +61.5%;
      • Supply Chain and Freight: USD186 million, +12.0%;
    • Net profit: USD1,378 million, +62.9%;
    • Net operating cash: USD3,009 million;
    • Free cash flow: USD2,531 million. [more]

UPS: "Despite the anticipated slow pace of the U.S. recovery and a cautious outlook for Europe, we are confident in our ability to grow the business and improve profits. Therefore we are raising our full year 2010 guidance with expected adjusted earnings growth of 45%-to-50% per share,” Kurt Kuehn, CFO. Source: UPS, 22-Jul-2010.