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Dear readers! We present to your attention the fourth issue of Logistics for 2024. On its pages, we summarize the results of the TransRussia | SkladTech 2024 exhibition, held from March 19 to 21 at Crocus Expo. The organizers and guests of the event claim that the exhibition is breaking new attendance records from year to year and improving its business program.
ATLANTA – October 24, 2018 – UPS (NYSE:UPS) today announced third-quarter diluted earnings per share of $1.73, up more than 20%, and adjusted, diluted earnings per share of $1.82, up 26%.
Third-quarter adjusted results exclude a pre-tax charge of $97 million, or $0.09 per share after tax, due to transformation-related costs. These projects are a part of the company’s transformation initiatives that will create efficiencies across the enterprise. Transformation will also produce higher-quality revenue growth.
Consolidated Results |
3Q 2018 |
Adjusted 3Q 2018 |
3Q 2017 |
Revenue |
$17,444 M |
|
$16,173 M |
Net Income |
$1,508 M |
$1,581 M |
$1,259 M |
Diluted Earnings Per Share |
$1.73 |
$1.82 |
$1.44 |
EPS Growth |
20.1% |
26.4% |
|
“Our business strategies position UPS to improve operating leverage and many of our actions are already contributing to performance gains,” said UPS Chairman and CEO David Abney. “We generated another quarter of industry-leading margins and strong free cash flow and we are confident in the outlook for the business.”
* Information on non-GAAP financial measures is attached to this press release.
For the company in 3Q 2018:
U.S. Domestic Segment
The U.S. Domestic segment experienced strong revenue growth of 8.1% to $10.4 billion, driven by high demand for the company’s solutions and robust yield expansion compared to 3Q 2017. The segment also generated sequential yield improvements driven in part by a more disciplined approach to capture high-quality growth opportunities.
|
3Q 2018 |
Adjusted 3Q 2018 |
3Q 2017 |
Revenue |
$10,437 M |
|
$9,651 M |
Operating profit |
$949 M |
$988 M |
$1,011 M |
For the U.S. Domestic segment in 3Q 2018:
International Segment
International segment revenue increased in all regions compared to the same period last year, on both a reported and currency-neutral basis. Export volume also increased across all regions and exports grew nearly 3% on top of 19% growth last year. Year-over-year comparisons are affected by the strong 3Q 2017 growth UPS experienced in Europe.
|
3Q 2018 |
Adjusted 3Q 2018 |
3Q 2017 |
Revenue |
$3,478 M |
|
$3,376 M |
Operating profit |
$536 M |
$576 M |
$606 M |
* Information on non-GAAP financial measures is attached to this press release.
For the International segment in 3Q 2018:
Supply Chain and Freight Segment
“Supply Chain and Freight performance was outstanding this quarter, as the unit delivered double-digit growth in both revenue and adjusted operating profit,” Abney said. “UPS will continue to leverage our vast forwarding, customs, and supply-chain solutions to help customers expand their existing businesses and reach new markets.”
|
3Q 2018 |
Adjusted 3Q 2018 |
3Q 2017 |
Revenue |
$3,529 M |
|
$3,146 M |
Operating profit |
$242 M |
$260 M |
$195 M |
For the Supply Chain and Freight segment in 3Q 2018:
Outlook
The company provides earnings per share guidance on an adjusted (non-GAAP) basis because it is not possible to predict or provide a reconciliation reflecting the impact of future required pension mark-to-market adjustments, which would be included in reported (GAAP) results. The impact of such adjustments could be material.
* Information on non-GAAP financial measures is attached to this press release.
“Improvements in revenue quality and our new, highly-automated capacity gives us confidence in a successful peak season for our customers and shareowners”, said Richard Peretz, UPS’s chief financial officer.
* Information on non-GAAP financial measures is attached to this press release.