UPS: Q1 EPS down 35%

(CercleFinance.com) - UPS has reported Q1 2024 adjusted EPS that is down 35% at $1.
43, with an adjusted operating margin of 8% on sales of $21.7bn, down 5.3% y-o-y. NB: pmt -0.5%.

Management said that its financial performance was in line with its expectations, with average daily volume in the US improving throughout the quarter, with it expecting a return to volume and revenue growth going forward.

The parcel and logistics group therefore confirms its targets for FY 2024, including an adjusted operating margin of around 10% to 10.6%, and sales of $92bn to $94.5bn.


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