Table of Contents United States Securities and Exchange Commission Washington, D.C. 20549 _____________________________________ Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-15451 _____________________________________ United Parcel Service, I ...

Core Viewpoint - The recent performance of United Parcel Service (UPS) shows improvement in key metrics, indicating potential for future growth despite some challenges [2][4]. Group 1: Financial Performance - UPS reported a 5.4% increase in delivery volumes in the third quarter, benefiting from easier year-over-year comparisons and growth in lower revenue per piece (RPP) volume [3]. - The company successfully reduced cost per piece (CPP) by 4.1% in the third quarter through capacity adjustments, job cuts, and location rationalization, leading to an increase in full-year adjusted operating margin guidance from 9.4% to 9.6% [3]. - The stock is currently trading at a price-to-earnings ratio of 18.1 times the estimated earnings for 2024, which is considered reasonable given the prospects for double-digit earnings growth in the coming years [5]. Group 2: Market Outlook - Analysts express optimism that UPS may have overcome its most challenging period, as indicated by the positive trends in delivery volumes and cost management [4]. - Despite the positive outlook, UPS faces challenges in meeting its full-year guidance of $2.95 billion in adjusted operating profit, as RPP continues to decline due to a shift towards lower-margin deliveries [6]. - The current dividend yield of 4.9% appears sustainable, assuming this year is a trough for the company [7].

Company Overview - United Parcel Service, Inc. (UPS) is a logistics and transportation giant that has faced challenges, including a plan to lay off 12,000 employees due to a difficult 2023 [1] - Founded in 1907, UPS has grown to be one of the world's largest shipping couriers, but has recently seen a decrease in shipping demand as consumers return to in-store shopping post-pandemic [2] Financial Performance - UPS reported third-quarter 2024 earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of $1.65, and showing a year-over-year improvement of 12.1% [6] - Revenue for the same quarter was $22.25 billion, slightly below the Zacks Consensus Estimate of $22.26 billion, but increased by 5.6% year over year [6] - The company's consolidated operating profit was $2.0 billion, up 47.8% from the third quarter of 2023 [6] Future Outlook - UPS's expected earnings growth rate for the current year is projected at -14.9%, but an estimated increase of 17.7% is anticipated for the next year [5] - The Zacks Consensus Estimate for current-year earnings has improved by 0.5% over the past 60 days [5] - The company has entered into an agreement to acquire Mexican logistics company Estafeta Mexicana, indicating a strategic move to enhance its market position [7] Environmental Initiatives - UPS is committed to reducing carbon emissions and has set targets to achieve 25% renewable electricity for its facilities by 2025, having already reached 8% by 2022 [8] - The company has planted nearly 30 million trees since 2012, appealing to environmentally conscious investors [8] Market Position - As of November 1, UPS's share price has fallen by 11.7% and is currently valued at around $134, which may indicate it is undervalued [4][9] - The transportation industry, including UPS, is a significant contributor to global carbon dioxide emissions, but UPS is recognized for its efforts in sustainability [8]

The package delivery company is doing a good job in difficult end markets.UPS (UPS -0.01%) stock is attracting a lot of attention from value investors, and rightly so. The stock's 4.5% dividend yield will please income-seeking investors, and the company has plenty of recovery potential as the economy, hopefully, improves and capacity gets taken out of the parcel delivery sector. There's a lot to like about UPS, but is it time to pull the trigger and buy the stock as it trades around the $137 mark? Here's th ...

A high dividend yield has been one of the few reliable positives for the logistics stock.After United Parcel Service (UPS -0.76%) reported its third-quarter results before the opening bell last Thursday, shares of the package delivery giant popped by 5.3%. And while the price moderated a bit in the days since, they were still up by more than 4% from last Wednesday's close on Monday morning.The report offered meaningful signs that the company is turning the corner. And with a whopping 4.7% yield, UPS offers ...

LOS ANGELES, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises United Parcel Service, Inc. ("UPS" or the "Company") (NYSE: UPS) investors of a class action representing investors that bought securities between January 30, 2024 and July 22, 2024, inclusive (the "Class Period"). UPS investors have until December 9, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal righ ...

SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired United Parcel Service, Inc. (NYSE: UPS) securities between January 30, 2024 and July 22, 2024. UPS is a multinational parcel delivery and supply chain management solutions company operating in more than 200 countries and territories. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call ...

United Parcel Service (UPS) reported better-than-expected third-quarter 2024 earnings per share on Oct. 24. Earnings and revenues increased year over year for the first time in about a year and a half. This development pleased investors, resulting in the UPS stock gaining 4.6% since the earnings release. Highlights of United Parcel's Q3 Earnings UPS reported third-quarter 2024 earnings of $1.76 per share, which beat the Zacks Consensus Estimate of $1.65 and improved 12.1% year over year. Revenues of $22.25 ...

The package delivery giant is headed in the right direction. Wall Street liked what it heard when United Parcel Service (UPS -0.67%) announced its third-quarter results last Thursday. UPS stock jumped after the company beat earnings estimates. But it wasn't just analysts who had reason to celebrate after the package delivery giant reported its latest quarterly results. UPS also gave good news to income investors who love its 4.7% forward dividend yield. The primary concern with UPS' dividend If a company ca ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In UPS To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in UPS between January 30, 2024 to July 22, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Oct. 25, 2024 /PRNewswire/ -- Faru ...