Cash flows from operating activities (GAAP), Principal repayments of finance lease obligations, Adjusted capital expenditures (Non-GAAP measure), Adjusted free cash flow (Non-GAAP measure). Impact of Changes in Foreign Currency Exchange Rates and Hedging Activities. Historical Financials 40.1 KB. 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. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. Management believes that these forward-looking statements are reasonable as and when made. 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. 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. Operating margin was 20.8%; adjusted operating margin was 22.7%. The company will host a conference call at 11 a.m. Eastern time that day to discuss second quarter 2020 earnings results with securities analysts and institutional investors. 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. The derived amounts are then multiplied by the average foreign exchange rates used to translate the comparable results for each month in the prior year period (including the period over period impact of foreign currency hedging activities). United Parcel Service (UPS) reports earnings on 1/27/2021. Non-GAAP pension discount rate-neutral operating profit excludes the period over period impact of discount rate changes 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. UPS (NYSE:UPS) will announce its 2020 second-quarter results on Thursday, July 30, 2020, at approximately 6:00 a.m. Eastern Time. 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. These risks and uncertainties, many of which are outside of our control, include, but are not limited to: uncertainties related to the impact of the COVID-19 pandemic on our business and operations, financial condition, financial results and financial position, our customers and suppliers, and on the global economy; changes in general economic conditions, in the U.S. or internationally; significant competition on a local, regional, national and international basis; changes in our relationships with our significant customers; changes in the complex and stringent regulation in the U.S. and internationally (including tax laws and regulations); increased physical or data security requirements that may increase our costs of operations and reduce operating efficiencies; legal, regulatory or market responses to global climate change; results of negotiations and ratifications of labor contracts; strikes, work stoppages or slowdowns by our employees; the effects of changing prices of energy, including gasoline, diesel and jet fuel, and interruptions in supplies of these commodities; changes in exchange rates or interest rates; uncertainty from the expected discontinuance of LIBOR and transition to any other interest rate benchmark; our ability to maintain the image of our brand; breaches in data security; disruptions to the Internet or our technology infrastructure; interruptions in or impacts on our business from natural or man-made events or disasters including terrorist attacks, epidemics or pandemics; our ability to accurately forecast our future capital investment needs; exposure to changing economic, political and social developments in international and emerging markets; changes in business strategy, government regulations, or economic or market conditions that may result in substantial impairment of our assets; increases in our expenses or funding obligations relating to employee health, retiree health and/or pension benefits; potential additional tax liabilities in the U.S. or internationally; the potential for various claims and litigation related to labor and employment, personal injury, property damage, business practices, environmental liability and other matters; our ability to realize the anticipated benefits from acquisitions, joint ventures or strategic alliances; our ability to realize the anticipated benefits from our transformation initiatives; cyclical and seasonal fluctuations in our operating results; our ability to manage insurance and claims expenses; and other risks discussed in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2019, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and subsequently filed reports. Q2. Our non-GAAP financial information does not represent a comprehensive basis of accounting. 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. 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. Impact of Changes in Foreign Currency Exchange Rates and Hedging Activities. Shares of UPS surged as demand for faster delivery powered a second quarter that beat Wall Street expectations.. ATLANTA, July 16, 2020 -- UPS (NYSE:UPS) will announce its 2020 second-quarter results on Thursday, July 30, 2020, at approximately 6:00 a.m. Eastern Time. Joining me today are Carol Tome, our CEO; and Brian Newman, our CFO. 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. Moreover, the company has an impressive earnings history. UPS CEO Carol Tomé and CFO Brian Newman will discuss second-quarter results with investors and analysts during a conference call at 8:30 a.m. This comes after reporting adjusted earnings … Additionally, we believe that adjusting capital expenditures for principal repayments of finance lease obligations more appropriately reflects the overall cash that we have invested in capital assets. The company’s results were adversely affected by the disruption to customers from the global coronavirus pandemic. © 2020 GlobeNewswire, Inc. All Rights Reserved. Statements other than those of current or historical fact, and all statements accompanied by terms such as “believe,” “project,” “expect,” “estimate,” “assume,” “intend,” “anticipate,” “target,” “plan,” and variations thereof, and similar terms, are intended to be forward-looking statements. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. That call will be open to others through a live Webcast. To get UPS news direct, follow @UPS_News on Twitter. Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. We would like you to be contacting our Public Relationship office at +14048287123. 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. Financials 75.9 KB. ATLANTA, April 28, 2020 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) today announced first-quarter 2020 diluted earnings per share of $1.11 and adjusted diluted earnings per share of $1.15. Second Quarter Fiscal 2020 Results. “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.”. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. 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. We have received your request for a UPS speaker. UPS is not providing revenue and diluted earnings per share guidance due to the uncertainty around the timing and pace of the economic recovery. Excluding items, the company earned $2.13 per share, beating estimates of $1.07 per share. ATLANTA, July 16, 2020 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) will announce its 2020 second-quarter results on Thursday, July 30, 2020, at approximately 6:00 a.m. Eastern Time. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. Adjusted diluted earnings … Operating profit was $2.2 billion, and adjusted operating profit was $2.3 billion, up 7.4% compared to last year’s second quarter. UPS has announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. Power management company Eaton (NYSE:ETN) will announce second quarter 2020 earnings on Wednesday, July 29, 2020, before the opening of the New York Stock Exchange. FedEx earned $4.87 a … Scott Childress – Investor Relations. Joining me today are Carol Tome, our CEO; and Brian Newman, our CFO. 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. We believe this provides a useful comparison of year-to-year financial performance without considering the short-term impact of restructuring costs. Thank you for subscribing to receive email updates from UPS. ATLANTA, Oct. 28, 2020 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) today announced third-quarter 2020 consolidated revenue of $21.2 billion, a 15.9% increase over the third quarter of 2019. United Parcel Service (UPS Quick Quote UPS - Free Report) is scheduled to report third-quarter 2020 earnings on Oct 28, before market open.. United Parcel Service last announced its quarterly earnings results on October 28th, 2020. Sign up. 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. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. UPS CEO Carol Tomé and CFO Brian Newman will discuss second-quarter results with investors and analysts during a conference call at 8:30 a.m. The U.S. economy contracted about 13% year over year in … We calculate free cash flow as cash flows from operating activities less capital expenditures, proceeds from disposals of property, plant and equipment, and plus or minus the net changes in finance receivables and other investing activities. The equivalent measures determined in accordance with GAAP are also referred to as "reported" or "unadjusted.”. Highlights of Q2 Earnings UPS’ earnings (excluding 10 cents from non-recurring items) per share of $2.13 surpassed the Zacks Consensus Estimate of … “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.”. 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. UPS was awarded America’s Best Customer Service company for Shipping and Delivery services by Newsweek magazine; Fortune magazine’s Most Valuable Brand in Transportation; and top rankings on the JUST 100 list for social responsibility, the Dow Jones Sustainability World Index, and the Harris Poll Reputation Quotient, among other prestigious rankings and awards. The equivalent measures determined in accordance with GAAP are also referred to as "reported" or "unadjusted.”. Comcast reported its second-quarter earnings before the bell on Thursday, beating analyst estimates on the top and bottom lines.. Operating margin was 20.8%; adjusted operating margin was 22.7%. UPS is not providing revenue and diluted earnings per share guidance due to the uncertainty around the timing and pace of the economic recovery. UPS Releases 2Q 2020 Earnings. Whenever UPS, Inc. posts new information to the site. UPS (NYSE:UPS) today announced first-quarter 2020 diluted earnings per share of $1.11 and adjusted diluted earnings per share of $1.15. The company’s quarterly net income on an adjusted basis—at $1.23 billion—topped the $560 million recorded for the same quarter last year. United Parcel Service Inc. (NYSE: UPS) reported second-quarter results before the market opened on July 30 that exceeded analysts' estimates by a wide margin. 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. Add to Calendar. 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. 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. Jazz Pharmaceuticals JAZZ delivered adjusted earnings of $4.31 per share for the third quarter of 2020, which beat the Zacks Consensus Estimate of $4.03. “Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments and strong outbound demand from Asia,” said Carol Tomé, UPS chief executive officer. * “Adjusted” amounts are non-GAAP financial measures. During the second quarter of 2020, CPS purchased $135.9 million of new contracts compared to $266.0 million during the first quarter of 2020 and $250.1 million during the second quarter of 2019. Revenue was $5.15 billion, up 29% from a year ago. Moving forward we are focusing on efficiency and revenue quality to improve U.S. operating margins longer term,” said Brian Newman, UPS chief financial officer. These non-GAAP measures are used internally by management for business unit operating performance analysis, business unit resource allocation and in connection with incentive compensation award determinations. We believe free cash flow, free cash flow excluding discretionary pension contributions and free cash flow adjusted for principal repayments of finance lease obligations are important indicators of how much cash is generated by regular business operations and we use them as a measure of incremental cash available to invest in our business, meet our debt obligations and return cash to shareowners. UPS on July 30 delivered for shareholders, reporting adjusted second-quarter earnings of $2.13 per share on revenue of $20.5 billion. 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. This comes after reporting adjusted earnings … Costs Related to Restructuring Programs; Transformation Strategy Costs. Estimates have been creeping up since FedEx reported robust fiscal first-quarter earnings in September. United Parcel Service, Inc. (NYSE:UPS) Q2 2020 Earnings Conference Call. The world’s largest brickmaker now expects 2020 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 460-480 million euros (419.33-437.56 million pounds). Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. You should consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of information contained in such forward-looking statements. GAAP results included a pre-tax transformation charge of $112 million, equivalent to $0.10 per share. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. Such statements may relate to our intent, belief and current expectations about our strategic direction, prospects and future results, and give our current expectations or forecasts of future events; they do not relate strictly to historical or current facts. April 28, 2020 at 8:30 AM EDT Click here for Webcast. Thanks very much for your request. 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 … Reconciliation of GAAP and non-GAAP Financial Measures, We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP financial measures, including "adjusted" compensation and benefits, operating profit, operating margin, other income (expense), income before income taxes, income tax expense, effective tax rate, net income and earnings per share. 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. The company’s results were adversely affected by the disruption to customers from the global coronavirus pandemic. At 8:30 a.m. Despite the … Average daily volume grew 9.8%, driven by strong outbound demand from Asia and an increase in cross-border e-commerce in Europe. “Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments and strong outbound demand from Asia,” said Carol Tomé, UPS chief executive officer. 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. Salesforce reported second quarter earnings of $2.85 a share and $1.44 non-GAAP. We will get an answer when JPMorgan reports second quarter fiscal 2020 earnings results Tuesday before the opening bell. Please contact us at +14048287123. 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 transportation company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.86 by $0.42. 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. The company will host a conference call at 11 a.m. Eastern time that day to discuss second quarter 2020 earnings results with securities analysts and institutional investors. Earnings … 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. UPS has announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. Costs Related to Restructuring Programs; Transformation Strategy Costs. See the appendix to this release for a discussion of non-GAAP financial measures, including a reconciliation to the most closely correlated GAAP measure. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Podcast 28.5 MB. Vertiv Second Quarter 2020 Earnings Conference Call. please check and adjust your browser settings to enable 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. The Zacks Consensus Estimate for second-quarter fiscal 2021 earnings has been revised 2.1% upward to $3.90 in the past 60 days. FedEx Corporation (FDX Quick Quote FDX - Free Report) reported robust second-quarter fiscal 2021 results as it thrives on the pandemic-driven rise … Moreover, the company has a decent earnings … We do not undertake any obligation to update forward-looking statements to reflect events, circumstances, changes in expectations, or the occurrence of unanticipated events after the date of those statements, except as required by law. The U.S. economy contracted about 13% year over year in … downloads. 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. August 5, 2020 11:00 AM ET. Overall, the second-quarter earnings picture is not expected to be rosy. Before we … Additionally, we periodically disclose free cash flow, free cash flow excluding discretionary pension contributions, and capital expenditures including principal repayments of capital lease obligations. Given that the fiscal 2020 fourth-quarter results FedEx delivered on June 30 were warmly received by the market, it would seem appropriate to take a look at what UPS … These risks and uncertainties, many of which are outside of our control, include, but are not limited to: uncertainties related to the impact of the COVID-19 pandemic on our business and operations, financial condition, financial results and financial position, our customers and suppliers, and on the global economy; changes in general economic conditions, in the U.S. or internationally; significant competition on a local, regional, national and international basis; changes in our relationships with our significant customers; changes in the complex and stringent regulation in the U.S. and internationally (including tax laws and regulations); increased physical or data security requirements that may increase our costs of operations and reduce operating efficiencies; legal, regulatory or market responses to global climate change; results of negotiations and ratifications of labor contracts; strikes, work stoppages or slowdowns by our employees; the effects of changing prices of energy, including gasoline, diesel and jet fuel, and interruptions in supplies of these commodities; changes in exchange rates or interest rates; uncertainty from the expected discontinuance of LIBOR and transition to any other interest rate benchmark; our ability to maintain the image of our brand; breaches in data security; disruptions to the Internet or our technology infrastructure; interruptions in or impacts on our business from natural or man-made events or disasters including terrorist attacks, epidemics or pandemics; our ability to accurately forecast our future capital investment needs; exposure to changing economic, political and social developments in international and emerging markets; changes in business strategy, government regulations, or economic or market conditions that may result in substantial impairment of our assets; increases in our expenses or funding obligations relating to employee health, retiree health and/or pension benefits; potential additional tax liabilities in the U.S. or internationally; the potential for various claims and litigation related to labor and employment, personal injury, property damage, business practices, environmental liability and other matters; our ability to realize the anticipated benefits from acquisitions, joint ventures or strategic alliances; our ability to realize the anticipated benefits from our transformation initiatives; cyclical and seasonal fluctuations in our operating results; our ability to manage insurance and claims expenses; and other risks discussed in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2019, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and subsequently filed reports. 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