United Parcel Service : UPS RELEASES 2Q 2022 EARNINGS - Form 8-K
07/26/2022 | 08:19am EDT
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UPS RELEASES 2Q 2022 EARNINGS
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Consolidated Revenues of $24.8B, Up 5.7% from Last Year
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Consolidated Operating Profit of $3.5B, Up 8.5% from Last Year; Up 9.3% on an Adjusted* Basis
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Diluted EPS of $3.25; Adjusted Diluted EPS Up 7.5% Over Last Year to $3.29
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Reaffirms Full-Year 2022 Financial Guidance; Raises Targeted Share Repurchases to $3B for 2022
ATLANTA - July 26, 2022 - UPS (NYSE:UPS) today announced second-quarter 2022 consolidated revenues of $24.8 billion, a 5.7% increase over the second quarter of 2021. Consolidated operating profit was $3.5 billion, up 8.5% compared to the second quarter of 2021, and up 9.3% on an adjusted basis. Diluted earnings per share was $3.25 for the quarter; adjusted diluted earnings per share of $3.29 was 7.5% above the same period in 2021.
For the second quarter of 2022, GAAP results included after-tax transformation and other charges of $31 million, or $0.04 per diluted share.
"I want to thank UPSers around the world for delivering outstanding service to our customers," said Carol Tomé, UPS chief executive officer. "While the external environment is ever changing, our better not bigger strategic framework has fundamentally improved nearly every aspect of our business, enabling greater agility and strong financial performance