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Podcast 28.5 MB. Q3 2020 United Parcel Service, Inc. Earnings Conference Call. This comes after reporting adjusted earnings … Currency-neutral revenue, revenue per piece and operating profit are calculated by dividing current period reported U.S. dollar revenue, revenue per piece and operating profit by the current period average exchange rates to derive current period local currency revenue, revenue per piece and operating profit. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings has been stable at $1.06 per share over the past 60 days. Reconciliation of Non-GAAP Pension Discount Rate Neutral Operating Profit and Margin(in millions): (2) Amounts adjusted for transformation strategy cost and period over period impact of discount rates on pension service cost, (2) Amounts adjusted for transformation strategy costs and period over period impact of discount rates on pension service cost. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. United Parcel Service (UPS - Free Report) is scheduled to report second-quarter 2020 earnings on Jul 30, before market open.. The U.S. economy contracted about 13% year over year in … Average daily volume increased 22.8%, reaching 21.1 million packages per day. The transportation company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.42. To get UPS news direct, follow @UPS_News on Twitter. We will get an answer when JPMorgan reports second quarter fiscal 2020 earnings results Tuesday before the opening bell. The equivalent measures determined in accordance with GAAP are also referred to as "reported" or "unadjusted.”. UPS releases second-quarter 2020 earnings. You have been added to the UPS press release email distribution list and can expect to begin receiving UPS news within 1 or 2 business days. FedEx Corporation FDX reported robust second-quarter fiscal 2021 results as it thrives on the pandemic-driven rise in e-commerce demand. Excluding items, the company earned $2.13 per share, beating … We believe this provides a useful comparison of year-to-year financial performance without considering the short-term impact of restructuring costs. Vertiv Second Quarter 2020 Earnings Conference Call. However, caution should be taken not to place undue reliance on any forward-looking statements because such statements speak only as of the date when made. Find the latest Earnings Report Date for United Parcel Service, Inc. Common Stock (UPS) at Nasdaq.com. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. The equivalent measures determined in accordance with GAAP are also referred to as "reported" or "unadjusted.”. From time to time, we also include forward-looking statements in other publicly disclosed materials. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. © 2020 GlobeNewswire, Inc. All Rights Reserved. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world. UPS grew revenue by 15.9%, operating profit by 9.9%, and earnings per share by 10.1% from the year-ago quarter, representing even better growth than it achieved in the second quarter. That call will be open to others through a live Webcast. Whenever UPS, Inc. posts new information to the site. This release, our Annual Report on Form 10-K for the year ended December 31, 2019 and our other filings with the Securities and Exchange Commission contain and refer to “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. UPS (NYSE: UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of … downloads. Sign up. Please contact us at +14048287123. Looking ahead, FDX’s Q2 fiscal 2020 revenue is projected to slip 1.4% from the year-ago period to $17.57 billion, based on our current Zacks Consensus Estimate. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. United Parcel Service, Inc. (NYSE:UPS) Q2 2020 Earnings Conference Call. Learn more about our sustainability efforts at ups.com/sustainability. United Parcel Service (UPS Quick Quote UPS - Free Report) is scheduled to report third-quarter 2020 earnings on Oct 28, before market open.. Non-GAAP operating profit, operating margin, pre-tax income, net income and earnings per share exclude the impact of costs related to restructuring programs, including Transformation strategy costs. Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. That call will be open to others through a live Webcast. Revenue increased 8.5%, driven by elevated air freight forwarding demand out of Asia, offset in part by weaker demand early in the quarter in the LTL and truckload brokerage units. © 2020 United Parcel Service of America, Inc. | All rights reserved. Reconciliation of GAAP and Non-GAAP Income Statement(in millions, except per share amounts): (1) Reflects other employee benefits costs of $81 million and other costs of $31 million. The company is unable to predict the extent of the business impact or the duration of the coronavirus pandemic, or reasonably estimate its operating performance in future quarters. The company can be found on the web at ups.com  or pressroom.ups.com  and its corporate blog can be found at ups.com/longitudes The company’s sustainability eNewsletter, UPS Horizons, can be found at ups.com/sustainabilitynewsletter. Q1 2020 United Parcel Service, Inc. Earnings Conference Call Event Details . NYSE: WMB I Williams 2nd Quarter 2020 Earnings Call 08/04/2020 I www.williams.com 2 $1,100 $1,150 $1,200 $1,250 $1,300 WMB second quarter results stable 1 Includes stepdown in non -cash deferred revenue amortization for Barnett and Gulfstar ( $32mm); Non cash inventory write downs, Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. Shares of United Parcel Service - Get Report jumped on Thursday after the company delivered strong second-quarter earnings, posting adjusted per-share earnings … We believe that these non-GAAP measures provide additional meaningful information to assist users of our financial statements in understanding our financial results and cash flows and assessing our ongoing performance, because they exclude items that may not be indicative of, or are unrelated to, our underlying operations and may provide a useful baseline for analyzing trends in our underlying businesses. UPS CEO Carol Tomé and CFO Brian Newman will discuss third-quarter results with investors and analysts during a conference call at 8:30 a.m. Scott Childress – Investor Relations. Impact of Changes in Pension Discount Rates. To ship with UPS, visit ups.com/ship. Jul 30, 2020 9:35 AM EDT Original: ... - Get Report jumped on Thursday after the company delivered strong second-quarter earnings, ... UPS said. (1) Reflects other employee benefits costs of $93 million and other costs of $64 million. Q1 2020 United Parcel Service, Inc. Earnings Conference Call. “UPSers are keeping the world moving during this time of need and I want to thank our team for their hard work and outstanding efforts to serve our customers, our communities and each other.”. Fedex, UPS, Amazon, Grubhub, Door Dash all reported blowout earnings for the 2nd quarter, the only delivery service losing money was the USPS. The company can be found on the web at ups.com  or pressroom.ups.com  and its corporate blog can be found at ups.com/longitudes The company’s sustainability eNewsletter, UPS Horizons, can be found at ups.com/sustainabilitynewsletter. Analysts are predicting a decline in S&P 500 earnings of more than 40%, which "would likely be the worst quarterly year-over-year drop since the global financial crisis in 2008," says Matt Canine, and certified financial planner and senior wealth advisor with East Paces Group. They deliver at least as many packages as the others. Third quarter earnings results issued today for Atlanta-based global freight transportation and logistics services provider UPS came in ahead of expectations.. Quarterly revenue, at $21.2 billion, increased 15.9% annually, and adjusted earnings per share, at $2.28, was up 10.1% compared to a year ago, far outpacing Wall Street expectations, at $1.67. Impact of Changes in Foreign Currency Exchange Rates and Hedging Activities. “UPSers are keeping the world moving during this time of need and I want to thank our team for their hard work and outstanding efforts to serve our customers, our communities and each other.”. Moreover, the company has an impressive earnings history. Costs Related to Restructuring Programs; Transformation Strategy Costs. UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. United Parcel Service (UPS - Free Report) is scheduled to report second-quarter 2020 earnings on Jul 30, before market open. AbbVie Inc. (ABBV Quick Quote ABBV - Free Report) reported earnings of $2.83 per share for the third quarter of 2020, comfortably beating the Zacks Consensus Estimate of … The difference between the current period reported U.S. dollar revenue, revenue per piece and operating profit and the derived current period U.S. dollar revenue, revenue per piece and operating profit is the period over period impact of currency fluctuations. US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the second quarter of fiscal 2020. We also supplement the reporting of revenue, revenue per piece and operating profit with non-GAAP measures that exclude the period-over-period impact of foreign currency exchange rate changes and hedging activities. Thank you for subscribing to receive email updates from UPS. UPS 2nd Quarter 2020 Press Release Financial Tables. UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. “Our liquidity and cash position remain strong, allowing us to invest in enabling capabilities through this time of unprecedented business disruption.”. United Parcel Service (NYSE: UPS) earnings for the second quarter of fiscal year 2020 have UPS stock skyrocketing on Thursday morning. Comcast reported its second-quarter earnings before the bell on Thursday, beating analyst estimates on the top and bottom lines.. The U.S. economy contracted about 13% year over year in … But what the earnings declines do mean is that second quarter of 2020 is going to see economic pain on par with the Great Depression. Estimates have been creeping up since FedEx reported robust fiscal first-quarter earnings in September. 31/07/2020 admin Uncategorized 0. Our non-GAAP financial information does not represent a comprehensive basis of accounting. UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. Additionally, we periodically disclose free cash flow, free cash flow excluding discretionary pension contributions, and capital expenditures including principal repayments of capital lease obligations. At 8:30 a.m. Company Participants. Diluted earnings per share was $2.03 and adjusted diluted earnings per share was $2.13, up 8.7% from the same period last year. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience, present expectations or anticipated results. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Joining me today are Carol Tome, our CEO; and Brian Newman, our CFO. US Foods' second quarter fiscal 2020 earnings call will be broadcast live via the internet on Tuesday, August 4, 2020 at 10:00 a.m. CDT. Stay up-to-date with the latest UPS news, industry insights and more. To request a UPS executive for an upcoming speaking engagement , please complete and submit the following form, We are unable to process your speaker request.We have not been able to received your request for a UPS speaker. April 28, 2020 at 8:30 AM EDT Click here for Webcast. Free Cash Flow and Adjusted Capital Expenditures. For the quarter, consolidated revenue increased 13.4% to $20.5 billion. Effective January 1, 2020, we began evaluating our segments using pension discount rate-neutral operating profit in addition to our current segment operating profit measure. Rose 8.8 % to $ 1.77 billion in the quarter, compared to the.! 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