UPS công bố EPS quý 1 năm 2018 là 1,55 USD, tăng 17%

Atlanta, GA

• International Revenue and Operating Profit Climb 15%
• Average Daily Exports grew 12%, Led by Europe and U.S. Trade Lanes
• Supply Chain & Freight Operating Profit up 14% on 16% Revenue Growth
• U.S. Domestic Revenue Rises 7.2% on 4.6% Volume Growth
• Weather Conditions Muted First Quarter U.S. Domestic Results  
• Cash from Operations of $4.1B Resulted in Free Cash Flow* of $2.6B
• Reaffirms Full-Year 2018 Adjusted EPS Guidance
  

For the total company in 1Q 2018:

• Total revenue increased 10% to $17.1 billion, on strong demand for UPS solutions.
• Average yield increased by 4.3%, led by International and U.S. Deferred Air products.
• UPS rewarded shareowners by increasing dividends per share by nearly 10% over the prior year, and distributing $840 million during the quarter. 
• To support investment strategies the company made capital expenditures of $1.5 billion.
• The lower effective tax rate reflects a more competitive U.S. tax structure, some discrete tax items and includes the impact of share-based compensation.
• First quarter results include the adoption of new accounting standards for pension and revenue recognition. Prior-period results were also recast to reflect these changes.

Phân khúc Nội địa Mỹ

The U.S. Domestic segment experienced strong demand as customers increasingly chose UPS solutions. Both unexpected and planned items weighed on operating profit for the segment during the first quarter.

For the U.S. Domestic segment in 1Q 2018:

• Revenue increased to $10.2 billion, up 7.2% over 1Q 2017. Revenue improved across all products, signaling the strong market demand for UPS solutions.   
• Revenue per piece increased 2.6% as higher base-rate pricing and fuel surcharges offset headwinds from customer and product mix.
• Operating profit includes headwinds from severe winter weather of $85 million, Saturday deployment, network projects and higher pension expenses.

Phân khúc Quốc tế

“The execution of our diversified global strategies and our investments produced double-digit growth in revenue and profit,” said Abney. “Each of our International regions is contributing to our financial gains, and we expect this strong momentum to continue.”

For the International segment in 1Q 2018:

• International revenue increased 15% despite two fewer operating days in many countries. Currency-neutral revenue increased 8.7%.
• Export, Domestic and Cargo product groups all achieved double-digit revenue growth.
• Export shipments per day grew an average 12% as premium products continue to outpace non-premium.
• Export volume growth in Europe and the U.S. continued to be strong for the quarter.
• Operating profit was $594 million, up 15% on higher Export shipments and expanded product yields. Currency-neutral operating profit increased 10%.

Phân khúc Hàng nặng và Chuỗi Cung ứng

The Supply Chain and Freight segment produced another quarter of strong financial results. Revenue and operating profit grew by double digits due to successful revenue-quality initiatives, opportunistic growth strategies and structural cost reductions.

For the Supply Chain and Freight segment in 1Q 2018:

• Revenue increased to $3.4 billion, up 16% over 1Q 2017. The business units focused on high quality, middle-market customers. 
• The Forwarding business led all units with 27% revenue growth, as revenue management initiatives and stable market conditions drove top-line gains.
• UPS Freight revenue increased 9.9% on solid LTL (less-than-truckload) pricing and tonnage growth.
• Operating profit was $170 million, up 14% from the same quarter in 2017.

Triển vọng

Công ty cung cấp hướng dẫn trên cơ sở điều chỉnh (phi GAAP) vì không thể dự đoán hoặc đưa ra sự đối chiếu phản ánh tác động của các điều chỉnh hạch toán theo giá thị trường đối với hưu bổng trong tương lai hoặc các sự kiện không thể lường trước khác mà sẽ được đưa vào kết quả (GAAP) được báo cáo và có thể sẽ là một khoản mục trọng yếu.

“Our focused business strategies are producing strong results in both the International and Supply Chain segments,” said Richard Peretz, UPS’s chief financial officer. “The benefits from our investments, new multi-year transformation efficiencies and stronger pricing position us well for shareowner value creation.”

• UPS expects 2018 adjusted diluted earnings per share to be in a range of $7.03 to $7.37.
• The company projects free cash flow of $4.5 billion to $5.0 billion in 2018.
• The effective tax rate should be in a range of 23% to 24% for the remainder of the year.
• Capital expenditures in 2018 are planned between $6.5 billion to $7.0 billion.

Thông tin về cuộc điện đàm

UPS CEO David Abney and CFO Richard Peretz will discuss first-quarter results with investors and analysts during a conference call at 8:30 a.m. ET, 26 tháng 4 năm 2018. That call is open to others through a live Webcast. Để nhận cuộc gọi, hãy truy cập www.investors.ups.com và nhấp vào “Earnings Webcast.”

Giới thiệu về UPS

UPS (NYSE: UPS) là công ty dẫn đầu toàn cầu trong lĩnh vực logistics, cung cấp đa dạng các giải pháp chuyển phát nhanh bưu kiện và vận tải hàng hóa; tạo thuận lợi cho thương mại quốc tế và triển khai các công nghệ tiên tiến để quản lý hiệu quả hơn việc giao thương toàn cầu. Với trụ sở chính đặt tại Atlanta, UPS cung cấp dịch vụ cho hơn 220 quốc gia và vùng lãnh thổ trên toàn thế giới. The company can be found on the web at ups.com or pressroom.ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_News on Twitter.

* Information on non-GAAP financial measures is attached to this press release.

Các tuyên bố hướng tới tương lai

Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties.

Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations (including tax laws and regulations), our competitive environment, changes in the facts or assumptions underlying our health and pension benefit funding obligations, negotiation and ratification of labor contracts, strikes, work stoppages and slowdowns, changes in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.

Điều giải Số liệu Tài chính GAAP và phi GAAP

We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP financial measures, including, as applicable, "as adjusted" operating profit, operating margin, other income (expense), pre-tax income, net income and earnings per share. Các số liệu tương đương xác định theo tiêu chuẩn GAAP cũng được gọi là "đã báo cáo" hoặc "không điều chỉnh.” Additionally, we periodically disclose free cash flow, free cash flow excluding discretionary pension contributions, as well as currency-neutral revenue, revenue per piece and operating profit.

We consider quantitative and qualitative factors in assessing whether to adjust for the impact of items that may be significant or that could affect an understanding of our ongoing financial and business performance or trends. Examples of items for which we may make adjustments include but are not limited to: amounts related to mark-to-market gains or losses (non-cash); settlement of contingencies; gains or losses associated with mergers, acquisitions, divestitures and other structural changes; charges related to restructuring programs; asset impairments (non-cash); amounts related to changes in tax regulations or positions; pension and postretirement related items; and debt modifications.

We believe that these non-GAAP measures provide additional meaningful information to assist users of our financial statements in understanding our financial results, 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. Management uses these non-GAAP financial measures in making financial, operating and planning decisions. We also use certain of these measures for the determination of incentive compensation award results.

Các số liệu tài chính phi GAAP nên được cân nhắc bên cạnh, chứ không thay thế cho các kết quả được tính toán dựa trên GAAP đã được báo cáo của chúng tôi. Thông tin tài chính phi GAAP của chúng tôi không đại diện cho cơ sở kế toán tổng hợp. Do đó, thông tin tài chính phi GAAP của chúng tôi có thể không so sánh được với các số liệu có tựa đề tương tự được báo cáo bởi các công ty khác.

Currency-Neutral Revenue, Revenue per Piece and Operating Profit

We supplement the reporting of our revenue, revenue per piece and operating profit with similar non-GAAP measures that exclude the period-over-period impact of foreign currency exchange rate changes and hedging activities. Chúng tôi tin rằng thông tin doanh thu, doanh thu đơn vị và lợi nhuận hoạt động dựa trên cơ sở trung lập tiền tệ cho phép người dùng báo cáo tài chính hiểu được xu hướng tăng trưởng về sản phẩm và kết quả của chúng tôi. We evaluate the performance of our International Package and Supply Chain and Freight businesses on a currency-neutral basis.

Doanh thu, doanh thu bình quân và lợi nhuận hoạt động tính bằng tiền tệ trung giới được tính toán bằng cách chia doanh thu, doanh thu bình quân và lợi nhuận hoạt động tính bằng đô-la Mỹ giai đoạn hiện tại cho tỷ giá hối đoái trung bình giai đoạn hiện tại để suy ra doanh thu, doanh thu bình quân và lợi nhuận hoạt động theo tiền tệ địa phương giai đoạn hiện tại. The derived current period local currency revenue, revenue per piece and operating profit 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 revenue hedging activities). Sự khác biệt giữa doanh thu, doanh thu bình quân và lợi nhuận hoạt động tính bằng đô-la Mỹ được báo cáo cho giai đoạn hiện tại và doanh thu, doanh thu bình quân và lợi nhuận hoạt động tính bằng đô-la Mỹ được suy diễn cho giai đoạn hiện tại đó là tác động của biến động tiền tệ từng giai đoạn.

Dòng tiền tự do

We supplement the reporting of cash flows from operating activities with free cash flow, a non-GAAP liquidity measure. We believe free cash flow is an important indicator of how much cash is generated by regular business operations and we use it as a measure of incremental cash available to invest in our business, meet our debt obligations and return cash to shareowners. Chúng tôi tính toán dòng tiền tự do lưu chuyển dưới dạng dòng tiền từ hoạt động kinh doanh trừ chi phí vốn dùng để mua tài sản sản xuất, tiền thu được từ bán lại bất động sản, nhà xưởng và thiết bị, cộng hoặc trừ các khoản phải thu tài chính và các hoạt động đầu tư khác.

Reconciliation of GAAP and non-GAAP Revenue, Revenue Per Piece and Operating Profit
(in millions, except Per Piece amounts):

Reconciliation of GAAP and non-GAAP Liquidity Measures (in millions)