NYSE$UPS

United Parcel Service Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a revenue increase driven by strong performance across all segments and reaffirmed full-year financial guidance.

UPS announced strong first-quarter 2022 results, with consolidated revenue up 6.4% to $24.4 billion and diluted EPS of $3.03. The company reaffirmed its full-year financial targets and raised targeted share repurchases to $2 billion for 2022.

  • Consolidated revenues reached $24.4 billion, a 6.4% increase from the previous year.
  • Consolidated operating profit was $3.3 billion, up 17.6% from last year.
  • Diluted EPS was $3.03, with adjusted diluted EPS up 10.1% over last year to $3.05.
  • Full-year 2022 financial guidance was reaffirmed, and share repurchases were raised to $2 billion for 2022.

Headline financials

Total Revenue

$24.4B

Previous: $22.9B+6.4%
EPS (adj)

$3.05

Previous: $2.77+10.1%
Capital Expenditures

-$548M

Previous: -$834M+34.3%
Free Cash Flow

$2.11B

Previous: $3.96B-46.6%
Net Income

$2.66B

Previous: $4.79B-44.4%
Operating Income

$3.25B

Previous: $2.77B+17.6%
Gross Profit

-$1.71B

Previous: $21.6B-107.9%
Cash & Equivalents

$12.2B

Previous: $7.73B+57.9%
Total Assets

$70.1B

Previous: $63.3B+10.7%
Stock-Based Comp

$386M

Previous: $315M+22.5%

Revenue & EPS history

UPS · Revenue · Quarterly

$24.4B

Q1 2022+6.4%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

UPS · $24.4B total across 3 segments · Q1 2022

  • U.S. Domestic Package
    $15.1B+8.0%
  • International Package
    $4.88B+5.8%
  • Supply Chain Solutions
    $4.38B+2.0%

Forward guidance

UPS reaffirms its full-year financial targets:

Tailwinds

  • Consolidated revenue of about $102 billion
  • Consolidated adjusted operating margin of approximately 13.7%
  • Adjusted return on invested capital above 30%
  • Capital expenditures of 5.4% of revenue, or approximately $5.5 billion
  • Dividend payments, subject to board approval, of about $5.2 billion

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.3%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-0.2%

Avg return

30 days after

48%

35 / 73 earnings

Positive

+15.4%

Q2 2020

Best reaction

-14.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%-0.6%-1.9%
Q4 2025+0.9%-0.7%+9.0%
Q3 2025+7.7%+8.1%+7.2%
Q2 2025-0.6%-0.5%-2.0%
Q1 2025-0.4%-0.7%+1.0%
Q4 2024-14.1%-16.5%-11.0%
Q3 2024+4.6%+2.2%+2.6%
Q2 2024-11.5%-11.3%-12.6%
Q1 2024+0.9%+1.5%-4.3%
Q4 2023-10.2%-10.2%-6.2%
Q3 2023-8.2%-3.9%+3.5%
Q2 2023-1.5%-3.0%-10.9%
Q1 2023-11.9%-8.2%-12.6%
Q4 2022+4.5%+8.3%+4.4%
Q3 2022+0.9%-0.2%+9.1%
Q2 2022-2.1%+3.7%+9.1%
Q1 2022-1.7%-5.1%-5.9%
Q4 2021+14.8%+11.2%+5.1%
Q3 2021+4.1%+4.7%+2.2%
Q2 2021-8.5%-8.8%-8.3%
Q1 2021+12.8%+16.0%+21.0%
Q4 2020+2.2%+5.2%+2.0%
Q3 2020-5.5%-6.6%-1.1%
Q2 2020+15.4%+17.0%+31.3%
Q1 2020-6.3%-10.4%-2.8%
Q4 2019-10.6%-10.7%-21.8%
Q3 2019-2.8%-2.4%+0.8%
Q2 2019+12.3%+12.8%+5.7%
Q1 2019-9.2%-7.2%-16.2%
Q4 2018+4.8%+6.4%+10.8%
Q3 2018-5.6%-8.0%-4.9%
Q2 2018+5.7%+5.6%+9.2%
Q1 2018+4.9%+3.5%+6.3%
Q4 2017-8.5%-11.5%-17.2%
Q3 2017+1.9%-0.9%-4.6%
Q2 2017-2.3%-1.9%+1.0%
Q1 2017-0.1%-0.7%-1.6%
Q4 2016-10.0%-8.6%-9.5%
Q3 2016-0.8%-1.6%+7.0%
Q2 2016-0.7%-0.4%+0.2%
Q1 2016-1.3%
Q4 2015+1.3%
Q3 2015-3.3%
Q2 2015+6.1%
Q1 2015+3.9%
Q4 2014+0.4%
Q3 2014+1.8%
Q2 2014-3.2%
Q1 2014-1.9%
Q4 2013-0.1%
Q3 2013+3.5%
Q2 2013-0.7%
Q1 2013+2.6%
Q4 2012-1.6%
Q3 2012+2.2%
Q2 2012-4.7%
Q1 2012-1.5%
Q2 2011+0.5%
Q4 2011+0.5%
Q3 2011-0.1%
Q1 2011-0.2%
Q2 2010-1.5%
Q4 2010-1.5%
Q3 2010+0.2%
Q1 2009+3.8%
Q1 2010-0.6%
Q2 2009+0.7%
Q4 2007+0.7%
Q4 2009+0.7%
Q3 2008+3.2%
Q3 2009+3.2%
Q2 2008+0.9%
Q4 2008+0.9%

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