In Q4 2024, United Parcel Service (UPS) reported a consolidated revenue of $25.3 billion, up 1.5% year-over-year, alongside an operating profit increase of 11.2%, resulting in an operating margin of 12.3%. This marks a pivotal quarter as UPS prepares for a significant reduction in revenue from its largest customer, Amazon, while strategically realigning its operations towards higher margin markets. Management expressed confidence in maintaining profitability through operational efficiencies and a focused approach on high-value segments. Despite facing headwinds with client changes, UPS showcased solid cash generation of $10.1 billion for the year, reaffirming its commitment to shareholder returns with $5.9 billion distributed through dividends and buybacks.