UPS: EPS down nearly 30% in Q2
(CercleFinance.com) - UPS reports adjusted EPS that is down 29.
5% to $1.79 for Q2 2024, with an adjusted operating margin of 9.5% on sales that slipped 1.1% to $21.8bn.
This quarter marked an important turning point as we returned to volume growth in the US for the first time in nine quarters, the logistics and package transport group says.
For FY 2024, UPS is updating its financial targets, now aiming for an adjusted operating margin of around 9.4% on revenues expected to reach around $93bn.
The Atlanta based group also announces its intention to make share buybacks of around $500m, meaning a resumption of its share repurchase program, with a target of $1bn per year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5% to $1.79 for Q2 2024, with an adjusted operating margin of 9.5% on sales that slipped 1.1% to $21.8bn.
This quarter marked an important turning point as we returned to volume growth in the US for the first time in nine quarters, the logistics and package transport group says.
For FY 2024, UPS is updating its financial targets, now aiming for an adjusted operating margin of around 9.4% on revenues expected to reach around $93bn.
The Atlanta based group also announces its intention to make share buybacks of around $500m, meaning a resumption of its share repurchase program, with a target of $1bn per year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.