L'il J.Seinfeld
Luckiest man alive
- Joined
- Jan 25, 2005
- Posts
- 420
And still no contract!!! ABout 40% of the 975 million is from the airline portion of Brown.
Revenue Rises 16.5%; Excellent Cash Flow
UPS corporate news release
ATLANTA, April 20, 2006 - UPS (NYSE:UPS) today reported earnings per diluted share of $0.89, up 14.1% over the prior year. Results were driven by a 9% increase in global small package volume or 1.24 million packages per day, outpacing worldwide market growth.
The consolidated results for the period included:
--Revenue grew 16.5% to $11.5 billion.
--Operating profit increased 12.3% to $1.6 billion.
--Net income increased 10.5% to $975 million.
--Free cash flow improved to $1.9 billion.
Solid fundamentals are delivering healthy cash flow. Free cash was used to buy back more than 11 million shares in an on-going repurchase program. Dividends were increased by 15% and are up 81% over the last three years.
"This was a quarter of outstanding growth that resulted in strong returns and excellent cash flow," said Mike Eskew, UPS chairman and CEO. "To drive future results, we will continue to invest in our network, technology and products to bring even more value to the customer."
Highlights by segment for the first quarter included:
U.S. Package
--Revenue grew 9.6% to $7.5 billion.
--Operating profit increased 15.3% to $1.19 billion.
--Operating margin improved 80 basis points to 15.9%.
--Volume grew 6.8% in total, or 848,000 packages per day.
Revenue gains were a result of robust growth across all products combined with firm pricing. Product growth was paced by a 9.3% increase in Next Day Air® volume coupled with a 10.8% increase in deferred air volume. Average daily ground volume rose 6.2%, or almost 650,000 packages per day.
During the quarter, UPS accelerated the speed of its U.S. ground network, enhanced its 2nd Day Air A.M.® products and launched extensive training of its sales teams in selling the freight portfolio.
International Package
--Revenue grew 17.3% to $2.16 billion.
--Operating profit increased 13.5% to $395 million.
--Operating margin remained strong at 18.3%.
--Volume grew 29.1% to 1.7 million packages per day.
--Export volume growth was excellent with a 16.3% increase, reflecting strong performance in all major regions of the world. Non-U.S. domestic volume climbed 38.3%, aided by acquisitions.
Recently, UPS added important international flights to and from China and expanded its operations there. The company also enhanced Trade Direct service between the United States, Canada and Europe and extended its unique Web-based multi-location shipping system, UPS CampusShip™, to another 18 countries and territories.
Supply Chain and Freight
--Revenue grew 53.9% to $1.9 billion, driven primarily by acquisitions.
--Operating profit declined $34 million.
Freight forwarding and logistics operating profit was impacted by increased expenses and lost revenue due to the integration of the former Menlo Worldwide Forwarding unit. However, these results were somewhat offset by solid less-than-truckload revenue and shipment growth in the ground freight operations.
Outlook
"No company in this industry is better positioned to capitalize on the growth opportunities we see around the world," said Chief Financial Officer Scott Davis. As a result, UPS is projecting diluted earnings per share in a range of $0.97 to $1.01 in the second quarter compared to the $0.88 reported during the prior-year period. "We are reaffirming our full-year 2006 guidance," Davis added. "UPS continues to expect an increase in diluted earnings per share of 11-to-16%, consistent with the company's historical growth rate." UPS is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at .co
Revenue Rises 16.5%; Excellent Cash Flow
UPS corporate news release
ATLANTA, April 20, 2006 - UPS (NYSE:UPS) today reported earnings per diluted share of $0.89, up 14.1% over the prior year. Results were driven by a 9% increase in global small package volume or 1.24 million packages per day, outpacing worldwide market growth.
The consolidated results for the period included:
--Revenue grew 16.5% to $11.5 billion.
--Operating profit increased 12.3% to $1.6 billion.
--Net income increased 10.5% to $975 million.
--Free cash flow improved to $1.9 billion.
Solid fundamentals are delivering healthy cash flow. Free cash was used to buy back more than 11 million shares in an on-going repurchase program. Dividends were increased by 15% and are up 81% over the last three years.
"This was a quarter of outstanding growth that resulted in strong returns and excellent cash flow," said Mike Eskew, UPS chairman and CEO. "To drive future results, we will continue to invest in our network, technology and products to bring even more value to the customer."
Highlights by segment for the first quarter included:
U.S. Package
--Revenue grew 9.6% to $7.5 billion.
--Operating profit increased 15.3% to $1.19 billion.
--Operating margin improved 80 basis points to 15.9%.
--Volume grew 6.8% in total, or 848,000 packages per day.
Revenue gains were a result of robust growth across all products combined with firm pricing. Product growth was paced by a 9.3% increase in Next Day Air® volume coupled with a 10.8% increase in deferred air volume. Average daily ground volume rose 6.2%, or almost 650,000 packages per day.
During the quarter, UPS accelerated the speed of its U.S. ground network, enhanced its 2nd Day Air A.M.® products and launched extensive training of its sales teams in selling the freight portfolio.
International Package
--Revenue grew 17.3% to $2.16 billion.
--Operating profit increased 13.5% to $395 million.
--Operating margin remained strong at 18.3%.
--Volume grew 29.1% to 1.7 million packages per day.
--Export volume growth was excellent with a 16.3% increase, reflecting strong performance in all major regions of the world. Non-U.S. domestic volume climbed 38.3%, aided by acquisitions.
Recently, UPS added important international flights to and from China and expanded its operations there. The company also enhanced Trade Direct service between the United States, Canada and Europe and extended its unique Web-based multi-location shipping system, UPS CampusShip™, to another 18 countries and territories.
Supply Chain and Freight
--Revenue grew 53.9% to $1.9 billion, driven primarily by acquisitions.
--Operating profit declined $34 million.
Freight forwarding and logistics operating profit was impacted by increased expenses and lost revenue due to the integration of the former Menlo Worldwide Forwarding unit. However, these results were somewhat offset by solid less-than-truckload revenue and shipment growth in the ground freight operations.
Outlook
"No company in this industry is better positioned to capitalize on the growth opportunities we see around the world," said Chief Financial Officer Scott Davis. As a result, UPS is projecting diluted earnings per share in a range of $0.97 to $1.01 in the second quarter compared to the $0.88 reported during the prior-year period. "We are reaffirming our full-year 2006 guidance," Davis added. "UPS continues to expect an increase in diluted earnings per share of 11-to-16%, consistent with the company's historical growth rate." UPS is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at .co
