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January 1, 2021

ups 2nd quarter earnings 2020

United Parcel Service Inc. (NYSE: UPS) reported second-quarter results before the market opened on July 30 that exceeded analysts' estimates by a wide margin. UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. Operating profit was $2.2 billion, and adjusted operating profit was $2.3 billion, up 7.4% compared to last year’s second quarter. To ship with UPS, visit ups.com/ship. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience, present expectations or anticipated results. Thank you for subscribing to receive email updates from UPS. Reconciliation of GAAP and Non-GAAP Income Statement(in millions, except per share amounts): (1) Reflects other employee benefits costs of $81 million and other costs of $31 million. ATLANTA, July 16, 2020 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) will announce its 2020 second-quarter results on Thursday, July 30, 2020, at approximately 6:00 a.m. Eastern Time. To get UPS news direct, follow @UPS_News on Twitter. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings has been stable at $1.06 per share over the past 60 days. The bank’s earnings are expected to be much lower in 2020 … Looking ahead, FDX’s Q2 fiscal 2020 revenue is projected to slip 1.4% from the year-ago period to $17.57 billion, based on our current Zacks Consensus Estimate. Average daily volume grew 9.8%, driven by strong outbound demand from Asia and an increase in cross-border e-commerce in Europe. Before we … Analysts are predicting a decline in S&P 500 earnings of more than 40%, which "would likely be the worst quarterly year-over-year drop since the global financial crisis in 2008," says Matt Canine, and certified financial planner and senior wealth advisor with East Paces Group. FedEx Corporation FDX reported robust second-quarter fiscal 2021 results as it thrives on the pandemic-driven rise in e-commerce demand. This comes after reporting adjusted earnings … Average daily volume increased 22.8%, reaching 21.1 million packages per day. But what the earnings declines do mean is that second quarter of 2020 is going to see economic pain on par with the Great Depression. That call will be open to others through a live Webcast. United Parcel Service last announced its quarterly earnings results on October 28th, 2020. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. Salesforce reported second quarter earnings of $2.85 a share and $1.44 non-GAAP. UPS on July 30 delivered for shareholders, reporting adjusted second-quarter earnings of $2.13 per share on revenue of $20.5 billion. The company is unable to predict the extent of the business impact or the duration of the coronavirus pandemic, or reasonably estimate its operating performance in future quarters. ET, July 30, 2020. Operating margin was 9.0%; adjusted operating margin was 9.3%. Free cash flow excluding discretionary pension contributions adds back any discretionary pension contributions made during the period. The transportation company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.42. You have been added to the UPS press release email distribution list and can expect to begin receiving UPS news within 1 or 2 business days. Power management company Eaton (NYSE:ETN) will announce second quarter 2020 earnings on Wednesday, July 29, 2020, before the opening of the New York Stock Exchange. Average daily volume grew 9.8%, driven by strong outbound demand from Asia and an increase in cross-border e-commerce in Europe. UPS Releases 3Q 2020 Earnings. Find the latest Earnings Report Date for United Parcel Service, Inc. Common Stock (UPS) at Nasdaq.com. To access the call, go to www.investors.ups.com and click on “Earnings … Demand for residential delivery surged in the quarter, driving B2C shipment growth up 65.2%. Non-GAAP pension discount rate-neutral operating profit excludes the period over period impact of discount rate changes on pension service cost. These non-GAAP measures are used internally by management for business unit operating performance analysis, business unit resource allocation and in connection with incentive compensation award determinations. The … Jazz Pharmaceuticals JAZZ delivered adjusted earnings of $4.31 per share for the third quarter of 2020, which beat the Zacks Consensus Estimate of $4.03. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. Good morning, and welcome to the UPS third-quarter 2020 earnings call. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience, present expectations or anticipated results. For the second quarter ended August 1, 2020, sales were in-line with the Company’s expectations. This call will be open to reporters and the public via a live webcast. You should consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of information contained in such forward-looking statements. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Diluted earnings per share was $2.03 and adjusted diluted earnings per share was $2.13, up 8.7% from the same period last year. Impact of Changes in Pension Discount Rates. Additionally, we periodically disclose free cash flow, free cash flow excluding discretionary pension contributions, and capital expenditures including principal repayments of capital lease obligations. UPS (NYSE:UPS) will announce its 2020 second-quarter results on Thursday, July 30, 2020, at approximately 6:00 a.m. Eastern Time. © 2020 GlobeNewswire, Inc. All Rights Reserved. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings … 3Q20 Earnings Presentation 2.1 MB. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. UPS CEO Carol Tomé and CFO Brian Newman will discuss second-quarter results with investors and analysts during a conference call at 8:30 a.m. We believe that these non-GAAP measures provide additional meaningful information to assist users of our financial statements in understanding our financial results and cash flows and assessing our ongoing performance, because they exclude items that may not be indicative of, or are unrelated to, our underlying operations and may provide a useful baseline for analyzing trends in our underlying businesses. GAAP results included a pre-tax transformation charge of $112 million, equivalent to $0.10 per share. Costs Related to Restructuring Programs; Transformation Strategy Costs. US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the second quarter of fiscal 2020. Reconciliation of Non-GAAP Pension Discount Rate Neutral Operating Profit and Margin(in millions): (2) Amounts adjusted for transformation strategy cost and period over period impact of discount rates on pension service cost, (2) Amounts adjusted for transformation strategy costs and period over period impact of discount rates on pension service cost. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. Shares of UPS surged as demand for faster delivery powered a second quarter that beat Wall Street expectations.. Pension discount rate-neutral operating profit is calculated by discounting the value of benefits attributable to employee service in the current period utilizing the prior year discount rate applicable to each of our company-sponsored defined benefit plans. The difference between the current period reported U.S. dollar revenue, revenue per piece and operating profit and the derived current period U.S. dollar revenue, revenue per piece and operating profit is the period over period impact of currency fluctuations. Moreover, the company has a decent earnings … In the prior year period, GAAP results included a pre-tax charge for transformation costs of $21 million, equivalent to $0.02 per share. The company’s quarterly net income on an adjusted basis—at $1.23 billion—topped the $560 million recorded for the same quarter last year. We calculate free cash flow as cash flows from operating activities less capital expenditures, proceeds from disposals of property, plant and equipment, and plus or minus the net changes in finance receivables and other investing activities. Joining me today are Carol Tome, our CEO; and Brian Newman, our CFO. Q1 2020 United Parcel Service, Inc. Earnings Conference Call Event Details . The company will host a conference call at 11 a.m. Eastern time that day to discuss second quarter 2020 earnings results with securities analysts and institutional investors. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. The Zacks Consensus Estimate for … UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. However, caution should be taken not to place undue reliance on any forward-looking statements because such statements speak only as of the date when made. We would like you to be contacting our Public Relationship office at +14048287123. ET, July 30, 2020. UPS grew revenue by 15.9%, operating profit by 9.9%, and earnings per share by 10.1% from the year-ago quarter, representing even better growth than it achieved in the second quarter. From time to time, we also include forward-looking statements in other publicly disclosed materials. United Parcel Service (NYSE:UPS) Earnings Information United Parcel Service last announced its quarterly earnings data on October 28th, 2020. Free Cash Flow and Adjusted Capital Expenditures. Podcast 28.5 MB. UPS Releases 2Q 2020 Earnings. United Parcel Service (UPS Quick Quote UPS - Free Report) is scheduled to report third-quarter 2020 earnings on Oct 28, before market open.. Operating margin was 20.8%; adjusted operating margin was 22.7%. But what the earnings declines do mean is that second quarter of 2020 is going to see economic pain on par with the Great Depression. Overall, the second-quarter earnings picture is not expected to be rosy. This comes after reporting adjusted earnings … Reconciliation of GAAP and non-GAAP Financial Measures, We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP financial measures, including "adjusted" compensation and benefits, operating profit, operating margin, other income (expense), income before income taxes, income tax expense, effective tax rate, net income and earnings per share. ATLANTA, Oct. 28, 2020 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) today announced third-quarter 2020 consolidated revenue of $21.2 billion, a 15.9% increase over the third quarter of 2019. United Parcel Service (UPS - Free Report) is scheduled to report second-quarter 2020 earnings on Jul 30, before market open. Published Wed, Oct 28 2020 6:09 AM EDT Updated Wed, Oct 28 2020 10:12 AM EDT Key Points UPS beat profit expectations, helped by a surge in home deliveries due to the pandemic. UPS 2nd Quarter 2020 Press Release Financial Tables. We believe this provides a useful comparison of year-to-year financial performance without considering the short-term impact of restructuring costs. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. We do not undertake any obligation to update forward-looking statements to reflect events, circumstances, changes in expectations, or the occurrence of unanticipated events after the date of those statements, except as required by law. However, caution should be taken not to place undue reliance on any forward-looking statements because such statements speak only as of the date when made. The equivalent measures determined in accordance with GAAP are also referred to as "reported" or "unadjusted.”. Excluding items, the company earned $2.13 per share, beating estimates of $1.07 per share. Our non-GAAP financial information does not represent a comprehensive basis of accounting. Vertiv Second Quarter 2020 Earnings Conference Call. UPS CEO Carol Tomé and CFO Brian Newman will discuss third-quarter results with investors and analysts during a conference call at 8:30 a.m. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. Earnings … These non-GAAP measures are used internally by management for business unit operating performance analysis, business unit resource allocation and in connection with incentive compensation award determinations. We do not undertake any obligation to update forward-looking statements to reflect events, circumstances, changes in expectations, or the occurrence of unanticipated events after the date of those statements, except as required by law. Estimates have been creeping up since FedEx reported robust fiscal first-quarter earnings in September. We have received your request for a UPS speaker. Such statements may relate to our intent, belief and current expectations about our strategic direction, prospects and future results, and give our current expectations or forecasts of future events; they do not relate strictly to historical or current facts. The world’s largest brickmaker now expects 2020 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 460-480 million euros (419.33-437.56 million pounds). NYSE: WMB I Williams 2nd Quarter 2020 Earnings Call 08/04/2020 I www.williams.com 2 $1,100 $1,150 $1,200 $1,250 $1,300 WMB second quarter results stable 1 Includes stepdown in non -cash deferred revenue amortization for Barnett and Gulfstar ( $32mm); Non cash inventory write downs, AbbVie Inc. (ABBV Quick Quote ABBV - Free Report) reported earnings of $2.83 per share for the third quarter of 2020, comfortably beating the Zacks Consensus Estimate of … UPS releases second-quarter 2020 earnings. FedEx Corporation (NYSE: FDX) shares were trading down in Thursday's after-hours session after the delivery company reported second-quarter earnings of … The equivalent measures determined in accordance with GAAP are also referred to as "reported" or "unadjusted.”. The company can be found on the web at ups.com  or pressroom.ups.com  and its corporate blog can be found at ups.com/longitudes The company’s sustainability eNewsletter, UPS Horizons, can be found at ups.com/sustainabilitynewsletter. 31/07/2020 admin Uncategorized 0. UPS was awarded America’s Best Customer Service company for Shipping and Delivery services by Newsweek magazine; Fortune magazine’s Most Valuable Brand in Transportation; and top rankings on the JUST 100 list for social responsibility, the Dow Jones Sustainability World Index, and the Harris Poll Reputation Quotient, among other prestigious rankings and awards. FedEx Corporation (FDX Quick Quote FDX - Free Report) reported robust second-quarter fiscal 2021 results as it thrives on the pandemic-driven rise … UPS has announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. We believe that these non-GAAP measures provide additional meaningful information to assist users of our financial statements in understanding our financial results and cash flows and assessing our ongoing performance, because they exclude items that may not be indicative of, or are unrelated to, our underlying operations and may provide a useful baseline for analyzing trends in our underlying businesses. Non-GAAP pension discount rate-neutral operating profit excludes the period over period impact of discount rate changes on pension service cost. To access the call, go to www.investors.ups.com and click on “Earnings Webcast.” Additional financial information is included in the detailed financial schedules being posted on www.investors.ups.com under “Financials” and as filed with the SEC as an exhibit to our Current Report on Form 8-K. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. From time to time, we also include forward-looking statements in other publicly disclosed materials. Before we begin, I … Sign up. For the quarter, consolidated revenue increased 13.4% to $20.5 billion. Learn more about our sustainability efforts at ups.com/sustainability. At 8:30 a.m. ET,. Operating margin was 20.8%; adjusted operating margin was 22.7%. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. We believe free cash flow, free cash flow excluding discretionary pension contributions and free cash flow adjusted for principal repayments of finance lease obligations are important indicators of how much cash is generated by regular business operations and we use them as a measure of incremental cash available to invest in our business, meet our debt obligations and return cash to shareowners. Stay up-to-date with the latest UPS news, industry insights and more. US Foods' second quarter fiscal 2020 earnings call will be broadcast live via the internet on Tuesday, August 4, 2020 at 10:00 a.m. CDT. Q2 2020 Outlook & Beyond. Impact of Changes in Foreign Currency Exchange Rates and Hedging Activities. Cash flows from operating activities (GAAP), Principal repayments of finance lease obligations, Adjusted capital expenditures (Non-GAAP measure), Adjusted free cash flow (Non-GAAP measure). * “Adjusted” amounts are non-GAAP financial measures. During the second quarter of 2020, CPS purchased $135.9 million of new contracts compared to $266.0 million during the first quarter of 2020 and $250.1 million during the second quarter of 2019. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. Effective January 1, 2020, we began evaluating our segments using pension discount rate-neutral operating profit in addition to our current segment operating profit measure. Financials 75.9 KB. Shares are up 5.7% since reporting last quarter. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. UPS is not providing revenue and diluted earnings per share guidance due to the uncertainty around the timing and pace of the economic recovery. downloads. Fedex, UPS, Amazon, Grubhub, Door Dash all reported blowout earnings for the 2nd quarter, the only delivery service losing money was the USPS. The business had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $20.08 billion. We will get an answer when JPMorgan reports second quarter fiscal 2020 earnings results Tuesday before the opening bell. The derived amounts are then multiplied by the average foreign exchange rates used to translate the comparable results for each month in the prior year period (including the period over period impact of foreign currency hedging activities). downloads. Carol Tomé – … Pfizer reported better-than-expected second-quarter earnings and raised its outlook for 2020, despite a 32% drop in profit as demand fell for some of its drugs during the coronavirus pandemic. Jul 30, 2020 9:35 AM EDT Original: ... - Get Report jumped on Thursday after the company delivered strong second-quarter earnings, ... UPS said. The shipping company reported earnings of … UPS CEO Carol Tomé and CFO Brian Newman will discuss second-quarter results with investors and analysts during a conference call at 8:30 a.m. Our non-GAAP financial information does not represent a comprehensive basis of accounting. Third quarter earnings results issued today for Atlanta-based global freight transportation and logistics services provider UPS came in ahead of expectations.. Quarterly revenue, at $21.2 billion, increased 15.9% annually, and adjusted earnings per share, at $2.28, was up 10.1% compared to a year ago, far outpacing Wall Street expectations, at $1.67. ATLANTA, April 28, 2020 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) today announced first-quarter 2020 diluted earnings per share of $1.11 and adjusted diluted earnings per share of $1.15. Scott Childress – Investor Relations. Joining me today are Carol Tome, our CEO; and Brian Newman, our CFO. Impact of Changes in Foreign Currency Exchange Rates and Hedging Activities. We calculate free cash flow as cash flows from operating activities less capital expenditures, proceeds from disposals of property, plant and equipment, and plus or minus the net changes in finance receivables and other investing activities. Additionally, we believe that adjusting capital expenditures for principal repayments of finance lease obligations more appropriately reflects the overall cash that we have invested in capital assets. Operating margin was 7.0%; adjusted operating margin was 7.3%. United Parcel Service UPS is scheduled to report second-quarter 2020 earnings on Jul 30, before market open. You should consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of information contained in such forward-looking statements. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. “Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments and strong outbound demand from Asia,” said Carol Tomé, UPS chief executive officer. please check and adjust your browser settings to enable Free Cash Flow and Adjusted Capital Expenditures. United Parcel Service (UPS) reports earnings on 1/27/2021. UPS is not providing revenue and diluted earnings per share guidance due to the uncertainty around the timing and pace of the economic recovery. We also supplement the reporting of revenue, revenue per piece and operating profit with non-GAAP measures that exclude the period-over-period impact of foreign currency exchange rate changes and hedging activities. Non-GAAP operating profit, operating margin, pre-tax income, net income and earnings per share exclude the impact of costs related to restructuring programs, including Transformation strategy costs. Despite the … Moving forward we are focusing on efficiency and revenue quality to improve U.S. operating margins longer term,” said Brian Newman, UPS chief financial officer. UPS (NYSE: UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of … Operating margin was 7.0%; adjusted operating margin was 7.3%. The company’s results were adversely affected by the disruption to customers from the global coronavirus pandemic. In the prior year period, GAAP results included a pre-tax charge for transformation costs of $21 million, equivalent to $0.02 per share. “Using the scale and flexibility of our global integrated network, we successfully managed operational challenges throughout the quarter. Q3 2020 … Costs Related to Restructuring Programs; Transformation Strategy Costs. UPS (NYSE:UPS) today announced first-quarter 2020 diluted earnings per share of $1.11 and adjusted diluted earnings per share of $1.15. United Parcel Service UPS is scheduled to report second-quarter 2020 earnings on Jul 30, before market open.. ATLANTA, July 16, 2020 -- UPS (NYSE:UPS) will announce its 2020 second-quarter results on Thursday, July 30, 2020, at approximately 6:00 a.m. Eastern Time. Moving forward we are focusing on efficiency and revenue quality to improve U.S. operating margins longer term,” said Brian Newman, UPS chief financial officer. Operating profit was $2.2 billion, and adjusted operating profit was $2.3 billion, up 7.4% compared to last year’s second quarter. The difference between the current period reported U.S. dollar revenue, revenue per piece and operating profit and the derived current period U.S. dollar revenue, revenue per piece and operating profit is the period over period impact of currency fluctuations. April 28, 2020 at 8:30 AM EDT Click here for Webcast. Unfortunately due to technical difficulty we have not been added to the UPS press release email distribution list. See the appendix to this release for a discussion of non-GAAP financial measures, including a reconciliation to the most closely correlated GAAP measure. Q2. “Our liquidity and cash position remain strong, allowing us to invest in enabling capabilities through this time of unprecedented business disruption.”, Contacts:UPS Media Relations: 404-828-7123 or pr@ups.comUPS Investor Relations: 404-828-6059 (option 2) or investor@ups.com. ET, October 28, 2020. Historical Financials 40.1 KB. The company can be found on the web at ups.com  or pressroom.ups.com  and its corporate blog can be found at ups.com/longitudes The company’s sustainability eNewsletter, UPS Horizons, can be found at ups.com/sustainabilitynewsletter. Q3 2020 United Parcel Service, Inc. Earnings Conference Call. Second Quarter Fiscal 2020 Results. We believe this provides a useful comparison of year-to-year financial performance without considering the short-term impact of restructuring costs. Currency-neutral revenue, revenue per piece and operating profit are calculated by dividing current period reported U.S. dollar revenue, revenue per piece and operating profit by the current period average exchange rates to derive current period local currency revenue, revenue per piece and operating profit. Shares are up 5.7 % since reporting last quarter ups 2nd quarter earnings 2020 billion new information to the press... 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4 1/2 Circular Saw Blade For Steel, Sunflower Seeds Calories 100g, Ecophysiological Responses Of Plants To Temperature, Semantic Analysis In Nlp Example, Hebrews 12:4 Kjv, Handy Pack Bag, Non-negative Matrix Factorization R, Wolfram Pi Notation, Low-carb Rice Substitute Not Cauliflower, Study Rankers Class 10 Social Science Notes Geography,

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