NYSE$UPS

United Parcel Service Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Second quarter earnings released, showing revenue and operating profit growth, with reaffirmed full-year financial guidance and increased share repurchases.

UPS announced a 5.7% increase in consolidated revenues, reaching $24.8 billion, and an 8.5% increase in consolidated operating profit. Diluted earnings per share were $3.25, with adjusted diluted earnings per share up 7.5% year-over-year to $3.29. The company reaffirmed its full-year 2022 financial guidance and raised targeted share repurchases to $3 billion for 2022.

  • Consolidated revenues increased by 5.7% to $24.8 billion.
  • Consolidated operating profit rose by 8.5%.
  • Diluted EPS was reported at $3.25.
  • Full-year 2022 financial guidance was reaffirmed, with share repurchases targeted at $3 billion.

Headline financials

Total Revenue

$24.8B

Previous: $23.4B+5.7%
EPS (adj)

$3.29

Previous: $3.06+7.5%
Capital Expenditures

-$1.39B

Previous: -$1.67B+16.9%
Free Cash Flow

$1.46B

Previous: $1.01B+45.2%
Net Income

$2.85B

Previous: $2.68B+6.5%
Operating Income

$3.54B

Previous: $3.26B+8.5%
Gross Profit

-$2.12B

Previous: $22.1B-109.6%
Cash & Equivalents

$11.7B

Previous: $9.61B+22.1%
Total Assets

$70.1B

Previous: $64.9B+8.0%
Stock-Based Comp

$231M

Previous: $206M+12.1%

Revenue & EPS history

UPS · Revenue · Quarterly

$24.8B

Q2 2022+5.7%vs Q2 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

UPS · $24.8B total across 3 segments · Q2 2022

  • U.S. Domestic Package
    $15.5B+7.3%
  • International Package
    $5.07B+5.3%
  • Supply Chain Solutions
    $4.23B+0.7%

Forward guidance

UPS reaffirms its full-year financial targets for 2022.

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 Q2 2022

Historical avgQ2 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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