UPS 2Q Earnings Per Share Up 7.5%

UPS (NYSE:UPS) today announced second quarter 2012 diluted earnings per share of $1.15, a 7.5% improvement over the 2011 adjusted results. U.S. Domestic operating profit expanded $122 million or 12% over the prior-year period. On a reported basis, diluted earnings per share increased 5.5% and U.S. Domestic operating profit rose 14%.

“Increasing uncertainty in the United States, continuing weakness in Asia exports and the debt crisis in Europe are impacting projections of economic expansion,” said Scott Davis, UPS chairman and CEO. “Throughout its history, UPS has maintained its strength in all economic cycles and we are making the adjustments necessary to respond to today’s challenging conditions.”

															Adjusted
Consolidated Results			2Q 2012						2Q 2011						2Q 2011
Revenue			$13.35			B			$	13.19		B
Operating profit			$1.79			B			$	1.75		B			$	1.71		B
Operating margin				13.4		%				13.2		%				13.0		%
Average volume per day				15.4		M				14.9		M
Diluted earnings per share			$1.15						$	1.09					$	1.07

UPS, the Official Logistics and Express Delivery Supporter of the 2012 London Olympic and Paralympic Games, has been busy preparing for the world’s largest peacetime logistical undertaking. The Games provide UPS with a prime opportunity to showcase its expertise on a global stage while handling more than 30 million items for these events.

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