Dear readers! This is the ninth issue of the journal, which turned out to be very rich and diverse. Traditionally, the issue is opened by an analyst. The material by Alina Nasyrova from the Market Guide Agency, dedicated to investments in warehouse complexes in Russia, recalls the importance of developing logistics infrastructure for the integrated development of regions.
Dear readers! We present to your attention the eighth issue of the magazine and its materials.
Dear readers! This is the seventh issue of LOGISTICS. By tradition, in the July issue, we publish analytical reviews from our partners – a study of the market of low-temperature warehouses in Moscow and the Moscow region from the IBC Real Estate agency and a rating of Russian transport companies by the cost of delivering bulk cargoes in 2025 from the Main Transport Internet project.
• US Domestic 4Q Revenue Climbs 6.3%, Driven by Ecommerce
• International Export Shipments Soar 8.4%, Led by Asia and Europe Regions
• 4Q EPS of -$0.27, due to Mark-to-Market Pension Charge
• Adjusted 4Q EPS of $1.63, Driven by International Segment
• 2016 EPS of $3.87; Adjusted 2016 EPS of $5.75
• Company Produces $6.5 Billion in Cash from Operations in 2016
• Announces Full-Year 2017 Adjusted EPS Guidance
UPS (NYSE:UPS) today announced fourth-quarter 2016 operating results. “Revenue and volume growth accelerated for UPS during the holiday season and we provided high service levels for our customers,” said David Abney, UPS chairman and CEO. “The International segment delivered another extraordinary performance, while the U.S. managed through considerable changes in product mix. Our strategies and initiatives are creating long-term value for both UPS customers and shareowners.”
Consolidated Results |
4Q 2016 |
Adjusted 4Q 2016 |
4Q 2015 |
Adjusted 4Q 2015 |
Revenue |
$16,931 M |
|
$16,054 M |
|
Operating profit (loss) |
$(428) M |
$2,223 M |
$2,051 M |
$2,169 M |
Diluted earnings (loss) per share |
$(0.27) |
$1.63 |
$1.48 |
$1.57 |
Full-year and fourth-quarter 2016 results include a non-cash, after-tax, mark-to-market pension charge of $1.90 per diluted share. In the prior-year period, the company reported non-cash, after-tax charges of $0.09 per diluted share related to pension mark-to-market charges.
• 4Q 2016 diluted EPS of -$0.27; adjusted diluted EPS of $1.63.
• Adjusted diluted EPS excludes the impact of non-cash, mark-to-market pension charge.
• During the quarter, the company delivered 1.4 billion packages, up 7.1% over last year.
U.S. Domestic Segment |
4Q 2016 |
Adjusted 4Q 2016 |
4Q 2015 |
Adjusted 4Q 2015 |
Revenue |
$10,913 M |
|
$10,265 M |
|
Operating profit (loss) |
$(570) M |
$1,338 M |
$1,284 M |
$1,346 M |
• Revenue increased $648 million to $10.9 billion, a 6.3% increase over 4Q15.
• Average daily shipments increased 5.0% to 19.6 million.
• 4Q 2016 operating loss of $570 million; adjusted operating profit was $1.3 billion.
• Adjusted operating profit excludes the mark-to-market pension charge.
• Benefits from ORION and automation initiatives offset most of the impact from the faster pace of residential and SurePost growth.
International Segment |
4Q 2016 |
Adjusted 4Q 2016 |
4Q 2015 |
Adjusted 4Q 2015 |
Revenue |
$3,335 M |
|
$3,175 M |
|
Operating profit |
$281 M |
$706 M |
$580 M |
$624 M |
Supply Chain & Freight |
4Q 2016 |
Adjusted 4Q 2016 |
4Q 2015 |
Adjusted 4Q 2015 |
Revenue |
$2,683 M |
|
$2,614 M |
|
Operating profit (loss) |
$(139) M |
$179M |
$187 M |
$199 M |