Welcome to our dedicated page for United Parcel news (Ticker: UPS), a resource for investors and traders seeking the latest updates and insights on United Parcel stock.
United Parcel Service, Inc. (UPS) news covers developments across one of the world’s largest logistics and parcel delivery companies. As a New York Stock Exchange‑listed firm, UPS regularly issues updates on its financial performance, strategic initiatives, acquisitions and partnerships, providing investors and customers with insight into how the business is evolving within the transportation and warehousing sector.
UPS earnings releases are a central part of its news flow. The company reports consolidated revenues, operating margins, segment performance for U.S. Domestic, International and Supply Chain Solutions, and discusses non‑GAAP adjusted metrics that exclude items such as transformation costs and regulatory settlements. These releases often include commentary on initiatives like Network Reconfiguration and Efficiency Reimagined, which are intended to improve network efficiency and cost structure.
Corporate actions and capital allocation are another recurring theme. UPS frequently announces regular quarterly dividends on its Class A and Class B shares and emphasizes its long record of maintaining or increasing the dividend since its initial public offering. News items may also discuss capital expenditures, share repurchases and property sale‑leaseback transactions used to support growth and balance sheet objectives.
Strategic news includes acquisitions and partnerships that expand UPS capabilities. Recent examples are the completed acquisition of Andlauer Healthcare Group Inc. to strengthen complex healthcare logistics, and collaborations with companies such as American Express to provide shipping benefits to small and medium‑sized businesses. Updates from Roadie, a UPS company, highlight same‑day and crowdsourced delivery solutions, including partnerships with brands like The Bouqs Company and Filterbuy.
Visitors to this UPS news page can review company press releases, transaction announcements, logistics innovations and governance updates, helping them understand how UPS manages its global logistics network, healthcare offerings, last‑mile capabilities and financial strategy over time.
UPS (NYSE:UPS) reported fourth-quarter 2022 consolidated revenues of $27.0 billion, a 2.7% decrease from Q4 2021. The diluted EPS was $3.96, with adjusted diluted EPS increasing by 0.8% to $3.62. Despite a 17.9% drop in consolidated operating profit to $3.2 billion, the company declared a quarterly dividend of $1.62 per share, up 6.6%, and authorized a $5 billion share repurchase program. The full-year 2022 revenue reached $100.3 billion, with an operating profit of $13.1 billion. Looking ahead, UPS projects 2023 revenue between $97.0 billion and $99.4 billion.
UPS has released its inaugural U.S. Jobs and Opportunity Report, highlighting its commitment to industry-leading pay and career advancement. The company welcomed 100,000 seasonal workers, emphasizing that these roles offer significant economic opportunities. UPS drivers average $95,000 annually, with total compensation reaching $145,000. The report also outlines the company’s strong promotion culture, wherein half of management positions are filled by employees who started in entry-level roles. Additionally, nearly one-third of seasonal workers were promoted to permanent positions after the 2021 holiday season.
UPS is set to announce its 2022 fourth-quarter results on January 31, 2023, at approximately 6:00 a.m. Eastern Time. Following the announcement, CEO Carol Tomé and CFO Brian Newman will host an investor conference call at 8:30 a.m. ET to discuss the results in detail. This call will be publicly accessible via a live webcast. Interested parties can join the webcast by visiting UPS Investor Relations, where the audio will also be available for a limited time after the call.
Tokens.com Corp. (OTCQB: SMURF) announces the completion of a metaverse experience and conference center for The UPS Store, developed by its subsidiary Metaverse Group in collaboration with Coffee Digital. This digital land lease marks a significant step for The UPS Store into the metaverse, promoting entrepreneurship through a dedicated virtual space. The center features educational resources for small business owners, integrating cutting-edge technology like holograms and curated content from recognized sources. This initiative aims to position Tokens.com as a leader in web3 solutions.
UPS has completed its acquisition of Bomi Group, enhancing its healthcare logistics capabilities across Europe and Latin America. The deal adds temperature-controlled facilities in 14 countries and 3,000 skilled employees to UPS Healthcare. Under the new name Bomi Group, a UPS Company, the operation will bolster UPS's distribution network, providing 216 facilities with 17 million square feet of compliant healthcare space. This strategic move allows UPS Healthcare to offer advanced logistics solutions, improving its market presence and synergy potential.
UPS announced a quarterly dividend of $1.52 per share, payable on December 1, 2022, to shareholders of record on November 14, 2022. This commitment highlights UPS's financial strength, as the company has consistently maintained or increased its dividends since going public in 1999. In 2021, UPS reported impressive revenues of $97.3 billion, offering a wide range of integrated logistics solutions globally. UPS emphasizes environmental sustainability and community support as part of its strategic objectives.
UPS (NYSE: UPS) plans to hire over 60,000 seasonal employees for the upcoming holiday season during its UPS Brown Friday event starting Nov. 4, 2022. The initiative includes more than 450 hiring events nationwide, with digital applications taking less than 25 minutes. Notably, about 80% of seasonal roles do not require interviews. UPS emphasizes its commitment to career development, with nearly 35,000 seasonal hires transitioning to permanent positions last year. The average full-time driver earns $95,000 annually, along with substantial benefits, including educational assistance.
UPS reported third-quarter 2022 revenues of $24.2 billion, marking a 4.2% increase from the previous year. Consolidated operating profit rose 7.5% to $3.1 billion, while diluted EPS stood at $2.96, with an adjusted EPS of $2.99, reflecting a 10.3% year-over-year growth. The company reaffirms its financial guidance for the full year, targeting $102 billion in revenue and an adjusted operating margin of 13.7%. Key segments include an 8.2% revenue increase in the U.S. Domestic Segment, despite a 6.3% revenue decline in Supply Chain Solutions due to decreased air and ocean freight forwarding.
UPS (NYSE:UPS) is set to announce its third-quarter results for 2022 on October 25, 2022, at 6:00 a.m. Eastern Time. An investor conference call led by CEO Carol Tomé and CFO Brian Newman will follow at 8:30 a.m. ET to discuss the results. The public can access the call via a live webcast on the UPS Investor Relations website. The audio from the webcast will be available for a limited time after the event.
UPS Announces Leadership Transition in Diversity, Equity, and Inclusion
On September 9, 2022, UPS revealed that Charlene Thomas, Executive Vice President and Chief Diversity, Equity and Inclusion Officer, will retire on October 1 after 34 years with the company. During her tenure, she played a pivotal role in UPS's global DEI efforts and launched the 'You Belong at UPS' initiative. Darrell Ford, the current EVP and Chief Human Resources Officer, will take over her DEI responsibilities, emphasizing UPS's commitment to fostering an inclusive workplace.
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