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UPS Releases 2nd Quarter Results

UPS (NYSE:UPS) today released additional details regarding second quarter 2013 results. Total revenue increased 1.2% as daily International package volume improved 5% and U.S. Domestic grew 1.9%. Diluted earnings per share were $1.13, down slightly compared to the prior-year period.

As previously reported, UPS expects 2013 adjusted diluted earnings per share to be in a range of $4.65 to $4.85, compared to $4.53 the prior year. The company anticipates EPS growth of 4-13% for the second half of the year.

“Market conditions and shipper preferences clearly impacted our freight forwarding and International business,” said Scott Davis, UPS’s chairman and CEO. “UPS is adapting to these conditions to ensure we deliver a solid second half.”

Consolidated Results

     

2Q 2013

     

2Q 2012

 
Revenue $13.51 B $13.35 B
Operating profit $1.74 B $1.79 B
Operating margin 12.9 % 13.4 %
Average volume per day 15.7 M 15.4 M
Diluted earnings per share $1.13 $1.15

For the three months ended June 30, 2013, UPS delivered 15.7 million packages per day, an increase of 2.3% over the prior-year period.

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