NYSE$UPS
United Parcel Service Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Revenue increased due to changes in demand from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments, and strong outbound demand from Asia.
UPS announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. 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.
- Consolidated Average Daily Volume Surged to Record 20.9% Growth
- 2Q20 Diluted EPS of $2.03, Up 4.6%; Adjusted* Diluted EPS up 8.7% to $2.13
- YTD Cash from Operations of $5.9B; Adjusted Free Cash Flow of $3.9B
- Results were better than expected, driven in part by the changes in demand that emerged from the pandemic
Headline financials
Revenue & EPS history
UPS · Revenue · Quarterly
$20.5B
Revenue by segment
UPS · $20.5B total across 3 segments · Q2 2020
- U.S. Domestic Package$13.1B—63.9%
- International Package$3.71B—18.1%
- Supply Chain Solutions$3.68B—18.0%
Forward guidance
UPS is not providing revenue and diluted earnings per share guidance due to the uncertainty around the timing and pace of the economic recovery. The company is unable to predict the extent of the business impact or the duration of the coronavirus pandemic, or reasonably estimate its operating performance in future quarters.
Tailwinds
- Using the scale and flexibility of our global integrated network, we successfully managed operational challenges throughout the quarter.
- Focusing on efficiency and revenue quality to improve U.S. operating margins longer term
- Liquidity and cash position remain strong
- Able to invest in enabling capabilities through this time of unprecedented business disruption.
Headwinds
- Uncertainty around the timing and pace of the economic recovery.
- Unable to predict the extent of the business impact
- Unable to predict the duration of the coronavirus pandemic
- Unable to reasonably estimate its operating performance in future quarters
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 Q2 2020
-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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro