UPS' operating profit jumps 21% in 2Q2011

UPS revenue up 8% - financial highlights:

• Three months ended 30-Jun-2011:
  • Revenue: USD13,191 million, +8.1% year-on-year;
    • US domestic package: USD7737 million, +6.4%;
    • International package: USD3139 million, +13.35;
    • Supply chain and freight: USD2315 million, +7.0%;
  • Operating costs: USD11,493 million, +6.4%;
  • Operating profit: USD1698 million, +21.1%;
    • US domestic package: USD966 million, +29.1%;
    • International package: USD497 million, -4.6%;
    • Supply chain and freight: USD235 million, +76.7%;
  • Net profit: USD1063 million, +25.8%;
• Six months ended 30-Jun-2011:
  • Revenue: USD25,773 million, +7.7%;
    • US domestic package: USD15,280 million, +6.3%;
    • International package: USD6039 million, +11.6%;
    • Supply chain and freight: USD4454 million, +7.3%;
  • Operating costs: USD22,649 million, +5.4%;
  • Operating profit: USD3124 million, +27.8%;
    • US domestic package: USD1815 million, +38.5%;
    • International package: USD943 million, -0.5%;
    • Supply chain and freight: USD366 million, +96.8%;
  • Net profit: USD1948 million, +41.4%;
  • Total assets: USD35,152 million, +4.6% when compared to period ended 31-Dec-2010;
  • Cash and marketable securities: USD5642 million, +38.3% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD26,8223 million, +5.0% when compared to period ended 31-Dec-2010. [more]

UPS: "Despite softening economic conditions, UPS delivered its highest ever second quarter earnings per share. We remain confident in our ability to execute and surpass prior peak EPS this year. Although economic conditions will impact our performance, we reiterate guidance for 2011 adjusted diluted earnings per share to a range of USD4.15-to-USD4.40," Kurt Kuehn, Chief Financial Officer. Source: UPS, 26-Jul-2011.