UPS expects 2011 results to exceed 2007 peak

UPS revenue up 8% - financial highlights:

• Three months ended 31-Dec-2010:
  • Total revenue: USD13,421 million, +8.4% year-on-year;
    • US domestic package: USD8080 million, +7.0%;
    • International package: USD3047 million, +9.2%;
    • Supply chain and freight: USD2294 million, +12.8%;
  • Total operating costs: USD11,607 million, +4.4%;
    • Operating profit: USD1814 million, +44.1%;
    • US domestic package: USD1043 million, +36.5%;
    • International package: USD537 million, +15.0%;
  • Supply chain and freight: USD234 million, +736%;
  • Net profit: USD1119 million, +47.8%;
• 12 months ended 31-Dec-2010:
  • Total revenue: USD49,545 million, +9.4%;
    • US domestic: USD29,742 million, +5.6%;
    • International package: USD11,133 million, +14.8%;
    • Supply chain and freight: USD8670 million, +16.5%;
  • Total operating costs: USD43,671 million, +5.2%;
  • Operating profit: USD5874 million, +54.5%;
    • US domestic package: USD3373 million, +57.8%;
    • International package: USD1904 million, +39.3%;
    • Supply chain and freight: USD597 million, +101.7%;
  • Net profit: USD3488 million, +62.1%;
  • Total assets: USD33,670 million, +5.6%;
  • Cash and marketable securities: USD4081 million, +94.3%;
  • Total liabilities: USD25,587 million, +5.8%. [more]

UPS: "Based on expectations for 2011, UPS is providing annual guidance for diluted earnings per share to a range of USD4.12 to USD4.35, an increase of 16 to 22% over 2010 adjusted results. This would exceed the peak earnings level recorded in 2007," Company statement. Source: UPS, 01-Feb-2011.