Welcome to our dedicated page for United Parcel Service news (Ticker: UPS), a resource for investors and traders seeking the latest updates and insights on United Parcel Service stock.
United Parcel Service, Inc. provides integrated logistics solutions across parcel delivery, international shipping, freight forwarding, contract logistics, returns management and specialized supply chain services. UPS news commonly covers quarterly earnings, operating margin and volume trends, dividend declarations on Class A and Class B shares, and strategic actions within its global logistics network.
Company updates also include e-commerce and reverse-logistics developments through Happy Returns, same-day delivery capabilities through Roadie, and expansion of UPS Healthcare, including cold chain and pharmaceutical logistics capabilities added through completed acquisitions.
UPS reported third-quarter 2021 revenues of $23.2 billion, up 9.2% from the previous year. Operating profit reached $2.9 billion, marking a 22.6% increase, while diluted EPS was $2.65, an 18.3% rise year-over-year. The company raised its full-year financial guidance, targeting an adjusted operating margin of approximately 13.0% and an adjusted return on invested capital near 29%. Furthermore, year-to-date cash from operations stood at $11.8 billion, up 26.7% compared to last year.
UPS (NYSE:UPS) will release its third-quarter results for 2021 on October 26, 2021, at 6:00 a.m. ET. Following the results announcement, a live investor conference call will be held at 8:30 a.m. ET, led by CEO Carol Tomé and CFO Brian Newman. The call will be accessible to the public via a live webcast on the UPS investor relations website, where the audio will also be available for a limited time afterward.
ALLETE Inc. (NYSE: ALE) has appointed Charlene A. Thomas, former Chief Diversity, Equity, and Inclusion Officer at United Parcel Service (NYSE: UPS), to its board of directors effective October 4, 2021. With over 30 years of experience at UPS, Thomas has held multiple leadership roles and brings extensive knowledge in human resources and strategic planning. ALLETE's leadership stated that her experience will be instrumental in advancing the company's sustainability strategies and addressing evolving customer needs within transformative challenges.
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UPS has announced its agreement to acquire Roadie, a technology platform specializing in local same-day delivery across the U.S. This acquisition aligns with UPS's customer-first strategy, responding to the increasing demand for local delivery solutions for a variety of goods. Roadie’s innovative technology will enhance UPS’s offerings and potentially improve small package capabilities. The transaction is expected to close in Q4 2021, although the financial details remain undisclosed. Post-acquisition, Roadie will maintain its operations and brand, ensuring continuity in service.
UPS announced plans to hire over 100,000 seasonal employees to handle the expected rise in package volume from October 2021 to January 2022. With an aim for a swift hiring process, candidates can receive job offers in under 30 minutes. Positions include package handlers, drivers, and driver helpers, with competitive wages offered. Their record shows that one-third of seasonal hires transitioned to permanent roles. Additionally, eligible student employees can earn up to $1,300 towards college expenses through the Earn and Learn program. Vaccination for COVID-19 is encouraged.
UPS has declared a quarterly dividend of $1.02 per share on all outstanding shares, to be paid on September 9, 2021, with record shareholders by August 23, 2021. Additionally, UPS announced a new $5.0 billion share repurchase program, replacing the previous $2.1 billion authorization. CEO Carol Tomé emphasized the company's dedication to consistent dividend payments and the importance of a disciplined capital allocation strategy that balances dividends and share repurchases.
UPS reported a 14.5% increase in consolidated revenues to $23.4 billion for Q2 2021, alongside a 47.3% rise in operating profit to $3.3 billion. The diluted EPS soared 50.2% to $3.05, showing robust financial performance. The divestiture of UPS Freight resulted in a $2.1 billion reduction in pension liabilities. Year-to-date cash from operations reached $8.5 billion, up 42.2%. The company projects an operating margin of 12.7% for 2021 and confirmed $4.0 billion in capital expenditures.
UPS is set to announce its 2021 second-quarter results on July 27, 2021, at approximately 6:00 a.m. ET. Following the release, CEO Carol Tomé and CFO Brian Newman will conduct an investor conference call at 8:30 a.m. ET to discuss the results in detail. This call will be accessible to the public via a live webcast, providing an opportunity for stakeholders to gain insights directly from the company's leadership. For those interested in joining, the webcast can be found on UPS's Investor Relations website.
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