The earnings call reflected a positive outlook with strong financial performance, particularly in revenue, profit growth, and strategic segment expansions. However, challenges related to pension costs, key customer adjustments, and operational changes with USPS were noted. Despite these challenges, UPS is confident in its strategic initiatives and future growth prospects.

Company Guidance

During the UPS Fourth Quarter 2024 Earnings Conference Call, several key financial metrics and strategic updates were discussed. For the fourth quarter of 2024, UPS reported a consolidated revenue increase of 1.5% to $25.3 billion, with operating profit rising 11.2% to $3.1 billion, resulting in a consolidated operating margin of 12.3%. The U.S. domestic segment's operating margin exceeded 10%, while international operating margin was 21.6%. For the full fiscal year, UPS achieved a consolidated revenue of $91.1 billion and an operating profit of $8.9 billion, with an operating margin of 9.8%. Cash generated from operations totaled $10.1 billion, with $5.9 billion returned to shareholders through dividends and share repurchases. Guidance for 2025 includes a projected revenue of approximately $89 billion and an operating margin of 10.8%. UPS highlighted strategic changes such as transitioning all SurePost deliveries in-house, aiming to generate $1 billion in savings through Efficiency Reimagined initiatives, and reducing Amazon-related volume by 50% by 2026 to improve profitability, with expectations of a U.S. domestic operating margin of at least 12% by the fourth quarter of 2026.

Revenue and Operating Profit Growth

Consolidated fourth quarter revenue increased 1.5% to $25.3 billion, with operating profit rising 11.2% to $3.1 billion compared to last year. The consolidated operating margin was 12.3%, an increase of 110 basis points.

Strong Full-Year Financial Performance

For 2024, UPS achieved consolidated revenue of $91.1 billion, operating profit of $8.9 billion, and generated $10.1 billion in cash from operations, returning $5.9 billion to shareholders.

Growth in SMB and Healthcare Segments

SMBs made up 28.9% of total U.S. volume, a 30 basis point increase. The digital access program generated $3.3 billion in global revenue, a 17% increase year-over-year. Healthcare logistics business expanded with acquisitions and new facilities.

Efficiency and Automation Initiatives

UPS equipped 66% of its fleet with sensors, eliminating 12 million manual scans per day. 63% of U.S. volume now flows through automated facilities, up from 60% last year.

---

United Parcel (UPS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

UPS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 29, 2025	2025 (Q1)	1.47 / -	1.43	―	―	―
Jan 30, 2025	2024 (Q4)	2.53 / 2.75	2.47	11.34% (+0.28)
Oct 24, 2024	2024 (Q3)	1.64 / 1.76	1.57	12.10% (+0.19)
Jul 23, 2024	2024 (Q2)	1.99 / 1.79	2.54	-29.53% (-0.75)
Apr 23, 2024	2024 (Q1)	1.28 / 1.43	2.2	-35.00% (-0.77)
Jan 30, 2024	2023 (Q4)	2.46 / 2.47	3.62	-31.77% (-1.15)
Oct 26, 2023	2023 (Q3)	1.53 / 1.57	2.99	-47.49% (-1.42)
Aug 08, 2023	2023 (Q2)	2.49 / 2.54	3.29	-22.80% (-0.75)
Apr 25, 2023	2023 (Q1)	2.20 / 2.20	3.05	-27.87% (-0.85)
Jan 31, 2023	2022 (Q4)	3.58 / 3.62	3.59	0.84% (+0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

UPS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 30, 2025	$131.89	$113.28	-14.11%
Oct 24, 2024	$127.98	$134.74	+5.28%
Jul 23, 2024	$139.61	$122.78	-12.06%
Apr 23, 2024	$138.25	$141.59	+2.42%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---