Quick answer: latest quarter results, by ticker or company name

Reported Q: Q4 2023 Rev YoY: -7.8% EPS YoY: -52.8% Move: +0.51%

United Parcel Service Inc

UPS

$117.94 0.51%

Exchange NYSE Sector Industrials Industry Integrated Freight Logistics

Q4 2023

Published: Feb 20, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for UPS

Reported

Report Date

Feb 20, 2024

Quarter Q4 2023

Revenue

24.92B

YoY: -7.8%

EPS

1.87

YoY: -52.8%

Market Move

+0.51%

Previous quarter: N/A

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Earnings Highlights

Revenue of $24.92B down 7.8% year-over-year
EPS of $1.87 decreased by 52.8% from previous year
Gross margin of 19.3%
Net income of 1.61B
"Our salespeople did an outstanding job of winning back diverted volume...Project Brown will continue into 2024." - Carol Tome, CEO

UPS

United Parcel Service Inc

Period Q4 2023

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

In Q4 2023, United Parcel Service Inc (UPS) reported a revenue decline of 7.8% year-over-year (YoY) to $24.9 billion, reflecting ongoing challenges from a soft macroeconomic environment and significant labor contract negotiations. Operating profit decreased 27.1% YoY to $2.8 billion, yielding an operating margin of 11.2%. Management has highlighted a turnaround strategy focused on capturing market share, especially with initiatives under Project Brown aimed at reclaiming diverted volume. Despite these challenges, free cash flow remained robust at $5.3 billion, demonstrating efficient cash management amidst declining revenue.

Key Performance Indicators

Revenue

Decreasing

24.92B

QoQ: 18.31% | YoY: -7.83%

Gross Profit

Increasing

4.82B

19.30% margin

QoQ: 9.00% | YoY: 50.83%

Operating Income

Decreasing

2.48B

QoQ: 47.35% | YoY: -45.20%

Net Income

Decreasing

1.61B

QoQ: 42.41% | YoY: -53.52%

EPS

Decreasing

1.88

QoQ: 43.51% | YoY: -52.76%

Revenue Trend

Margin Analysis

Financial Highlights

### Financial Metrics Overview:
- Revenue: $24.9 billion (YoY: -7.8%, QoQ: +18.3%)
- Operating Income: $2.8 billion (YoY: -27.1%, QoQ: +47.4%)
- Net Income: $1.6 billion (YoY: -53.5%, QoQ: +42.4%)
- EPS: $1.88 (YoY: -52.8%, QoQ: +43.5%)

With total average daily volume declining 7.5% from last year, UPS successfully executed a sequential volume increase of 30% from Q3 to Q4, recovering nearly 60% of previously diverted volumes. This was touted as the highest sequential volume ramp in the company’s history. Management attributes this to strong sales efforts tied to Project Brown, aimed at enhancing overall customer engagement and service speed.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	24.92B	-7.83%	18.31%
Gross Profit	4.82B	50.83%	9.00%
Operating Income	2.48B	-45.20%	47.35%
Net Income	1.61B	-53.52%	42.41%
EPS	1.88	-52.76%	43.51%

Key Financial Ratios

Gross Profit Margin

Weak

19.30%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Fair

9.94%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

6.44%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

2.27%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

9.27%

Return on equity is acceptable but below top-tier companies

Current Ratio

Adequate

1.10

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.33

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

20.96x

P/E ratio in line with market averages

Price to Book

High Premium

7.78x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	25,301.00	2.01	+1.5%	View
Q3 2024	22,245.00	1.80	+5.6%	View
Q2 2024	21,771.00	1.64	-1.3%	View
Q1 2024	21,665.00	1.30	-5.5%	View
Q4 2023	24,917.00	1.87	-7.8%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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