United Parcel Service Beats On Q2 Earnings, Clocks Operating Profit Growth, Margin Expansion

United Parcel Service, Inc. UPS reported second-quarter revenue growth of 14.5% year-over-year to $23.4 billion, beating the consensus estimate of $23.24 billion.
U.S. Domestic segment revenue increased 10.2% to $14.4 billion, reflecting a 13.4% increase in revenue per piece to $12.26 with solid improvement in all products.
International segment revenues increased by 30% Y/Y to $4.82 billion, and Supply Chain Solutions segment revenues increased by 14.3% Y/Y to $4.21 billion.
Adjusted EPS improved by 43.7% Y/Y to $3.06, beating the consensus of $2.81.
Adjusted operating profit grew by 40.8% to $3.27 billion, and margin expanded by 260 bps to 14%.
The company generated cash from operating activities year-to-date of $8.5 billion, up 42.2% Y/Y, with a free cash flow of $6.8 billion.
FY21 Outlook: The company expects a consolidated operating margin of ~12.7% and a return on invested capital of approximately 28%.
Price Action: UPS shares are trading lower by 1.84% at $206 during the premarket session on the last check Tuesday.
Photo by MobiusDaXter via Wikimedia

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