Financial Data and Key Metrics Changes - Consolidated revenue for Q1 2025 was $21.5 billion, a decrease of 0.7% year-over-year, aligning with expectations [7][30] - Consolidated operating profit increased to $1.8 billion, up 0.9% compared to the previous year [7][30] - Consolidated operating margin improved to 8.2%, an increase of 20 basis points year-over-year [7][30] - Diluted earnings per share rose to $1.49, reflecting a 4.2% increase from the prior year [7][30] Business Line Data and Key Metrics Changes - U.S. Domestic segment operating profit increased by $164 million year-over-year, with an operating margin expansion of 110 basis points [8][38] - Total U.S. average daily volume (ADV) decreased by 3.5%, with ground ADV down 2.5% and air ADV down 9.6% [32] - International segment ADV increased by 7.1%, with all regions showing growth [38] - Supply Chain Solutions revenue decreased by $471 million, primarily due to the divestiture of Coyote [40] Market Data and Key Metrics Changes - U.S. import volume is approximately 400,000 pieces per day, representing less than 2% of total global ADV [21] - Revenue from China to U.S. trade lanes accounted for 11% of total international revenue, while other trade lanes contributed 17% [21][22] - SMBs represented 31.2% of total U.S. volume, the highest concentration in ten years [34][19] Company Strategy and Development Direction - The company is executing a significant network reconfiguration, including 164 operational closures, to enhance efficiency and reduce costs [14][43] - The strategic focus includes reducing dependency on Amazon's volume by over 50% by June 2026, while maintaining profitable segments [12][46] - The company aims to improve revenue quality by targeting growth in healthcare, international, B2B, and SMB markets [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating a dynamic environment, emphasizing the importance of agility in operations [6][28] - The outlook for 2025 remains uncertain due to changing trade policies and tariffs, with no updates provided for the full-year outlook [26][50] - Management highlighted the need to model various scenarios to adapt to rapid shifts in business conditions [26][50] Other Important Information - The company generated $2.3 billion in cash from operations and paid $1.3 billion in dividends during Q1 [42] - The efficiency reimagined initiative is expected to deliver $1 billion in savings by improving operational processes [17][60] Q&A Session Summary Question: Cost savings from the $3.5 billion target - Approximately $500 million of the $3.5 billion cost savings was realized in Q1, with expectations for ramp-up in subsequent quarters [78][79] Question: Impact of tariffs on SMBs - SMBs are facing significant uncertainty due to tariffs, particularly those reliant on single sourcing from China [80][81] Question: International volume growth outlook - The company anticipates that trade flows will shift, allowing for potential growth in international markets despite challenges in the China to U.S. lane [89][90]

Group 1 - UPS reported quarterly earnings of $1.49 per share, exceeding the Zacks Consensus Estimate of $1.44 per share, and showing an increase from $1.43 per share a year ago, representing an earnings surprise of 3.47% [1] - The company posted revenues of $21.55 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.30%, although this is a decrease from year-ago revenues of $21.71 billion [2] - UPS has surpassed consensus EPS estimates three times over the last four quarters, but has only topped consensus revenue estimates once in the same period [2] Group 2 - The stock has underperformed, losing about 23% since the beginning of the year, compared to a decline of 6% in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.84 on revenues of $21.34 billion, and for the current fiscal year, it is $7.68 on revenues of $87.9 billion [7] - The Transportation - Air Freight and Cargo industry, to which UPS belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

UPS plans to slash 20,000 jobs in 2025 as part of a cost-cutting drive. The move comes as the shipping giant grapples with soft demand, especially from its largest customers. UPS said it will also look to close 73 facilities by the end of June."With our action, we will emerge as an even stronger, more nimble UPS," CEO Carol Tomé said in a statement on Tuesday. The company said it will save $3.5 billion in 2025 through the cuts.UPS made the announcement alongside its Q1 2025 earnings report, which showed a ...

智通财经APP获悉，联合包裹(UPS.US)公布了好于预期的2025年第一季度业绩，调整后的收益和收入超 过了分析师的预期。联合包裹公布调整后每股收益为1.49美元，超过分析师预期的1.44美元。该季度营 收为215亿美元，同比下降0.7%，但超过了212.2亿美元的预期。 受航空货运业务增长的推动，该公司美国国内业务收入增长1.4%至144.6亿美元，单件收入增长4.5%， 部分抵消了货运量的下降。国际业务营收增长2.7%，日均运量增长7.1%。 该公司本季度经非GAAP调整后的综合营业利润率为8.2%。该公司的供应链解决方案部门的收入下降了 14.8%，主要是由于Coyote的剥离。该部门的营业利润率为1.7%，按非GAAP调整后的基础计算为 3.6%。 联合包裹首席执行官表示："作为全球物流领域值得信赖的领导者，我们将利用我们的综合网络和贸易 专业知识，帮助我们的客户适应不断变化的贸易环境。" 尽管如此，由于特朗普关税政策给包裹递送市场带来了新的挑战，并给全球经济带来了波动，联合包裹 仍保持谨慎的展望。该公司以当前的经济环境为由，没有更新此前发布的综合全年指引。联合包裹周二 在一份声明中表示，"鉴于目前 ...

联合包裹(UPS)预计今年将裁员2万人，并关闭部分设施，因其大幅削减为亚马逊的包裹运输量。UPS在 声明中称，裁减运营人员是网络重组计划的一部分，旨在应对最大客户订单量预计将会下降。 ...

联合包裹：第一季度合并收入为215亿美元 同比下降0.7% 智通财经4月29日电，联合包裹(UPS.US)今天宣布2025年第一季度合并收入为215亿美元，比2024年第 一季度下降0.7%。合并营业利润为17亿美元，与2024年第一季度相比增长3.3%，按非GAAP调整后计算 增长0.9%。本季度摊薄后每股收益为1.40美元;非GAAP调整后摊薄每股收益为1.49美元，比2024年同期 高出4.2%。 ...

联合包裹服务（UPS）未更新其之前发布的年度展望。 ...

Revenue Performance - Total revenue for Q1 2025 was $21,546 million, a decrease of 0.7% compared to $21,706 million in Q1 2024[2] - U.S. Domestic Package revenue increased by 1.4% to $14,460 million from $14,266 million year-over-year[2] - International Package revenue rose by 2.7% to $4,373 million, up from $4,256 million in the previous year[2] - Supply Chain Solutions revenue decreased by 14.8% to $2,713 million, down from $3,184 million in Q1 2024[2] Profitability - Operating profit for Q1 2025 was $1,666 million, reflecting a 3.3% increase from $1,613 million in Q1 2024[2] - Net income for Q1 2025 was $1,187 million, a 6.6% increase compared to $1,113 million in Q1 2024[2] - Basic earnings per share increased by 7.7% to $1.40 from $1.30 year-over-year[2] - Operating profit for Q1 2025 was $1,666 million, with an operating margin of 7.7%, up from 7.4% in Q1 2024[15] Cash Flow and Expenses - Free cash flow for Q1 2025 was $1,487 million, down from $2,280 million in Q1 2024, reflecting a decrease of 34.8%[13] - Total operating expenses decreased by 1.1% to $19,880 million from $20,093 million in Q1 2024[7] - U.S. Domestic Package Operating Expenses for Q1 2025 were $13,481 million, a 0.4% increase from $13,433 million in Q1 2024, with an operating profit of $979 million, up 17.5%[26] - International Package Operating Expenses increased by 3.7% to $3,732 million in Q1 2025, with an operating profit of $641 million, down 2.3% from $656 million in Q1 2024[26] - Supply Chain Solutions Operating Expenses decreased by 12.8% to $2,667 million in Q1 2025, resulting in an operating profit of $46 million, down 62.9% from $124 million in Q1 2024[26] Asset and Liability Management - Total current assets decreased to $17,090 million in Q1 2025 from $19,310 million in Q4 2024, a decline of 11.5%[9] - Total liabilities decreased to $52,782 million in Q1 2025 from $53,327 million in Q4 2024, a reduction of 1.0%[9] - Cash and cash equivalents at the end of Q1 2025 were $4,802 million, down from $6,112 million at the end of Q4 2024, a decrease of 21.4%[9] - The company reported a total equity for controlling interests of $15,660 million in Q1 2025, down from $16,718 million in Q4 2024, a decline of 6.3%[9] Capital Expenditures - Capital expenditures for Q1 2025 were $876 million, compared to $1,035 million in Q1 2024, a decrease of 15.4%[13] Transformation Strategy - The company incurred total transformation strategy costs of $58 million in Q1 2025, compared to $46 million in Q1 2024, an increase of 26.1%[15] - Transformation Strategy Costs for U.S. Domestic Package were $32 million in Q1 2025, compared to $9 million in Q1 2024[26] Volume and Efficiency - Average Daily Package Volume decreased by 3.5% to 17,443 thousand packages in Q1 2025 from 18,075 thousand in Q1 2024[5] - Average Daily U.S. Domestic Package Volume was 17,443 thousand in Q1 2025, down from 18,075 thousand in Q1 2024[28] - The average revenue per piece for U.S. Domestic Package increased by 4.5% to $13.06 from $12.50 in the previous year[5] - U.S. Domestic Package Cost Per Piece (GAAP) increased by 3.7% to $12.22 in Q1 2025, while the Non-GAAP Adjusted Cost Per Piece was $12.19, also a 3.7% increase[28] Aircraft Fleet - The total aircraft fleet as of March 31, 2025, included 292 owned and operated by UPS and 240 operated by others, with 24 aircraft on order[31] - The company anticipates retiring three MD-11 aircraft during 2025[31] Goodwill and Impairment - Goodwill and Asset Impairment Charges were not recorded in Q1 2025, while $5 million was recorded in Q1 2024[26] Reclassification - The company has reclassified certain prior year amounts to conform to the current year presentation, including air cargo results[24]

Group 1 - UPS and Figure AI are in discussions for a potential partnership where humanoid robots would assist in logistics operations [1][2] - The specific functions of the robots in this partnership are not yet defined, but Figure AI has demonstrated robots sorting parcels [2] - Figure AI raised $675 million in a Series B funding round and has partnered with OpenAI and Microsoft for AI development and infrastructure [3][4] Group 2 - Figure AI's CEO expressed a vision to integrate humanoid robots into commercial operations to create a transformative impact [4] - The investment in robotics is driven by advancements in AI, enhancing robots' ability to understand their environments [5] - Other companies in the humanoid robotics space, such as The Bot Company and 1X, are also raising significant funds to advance their technologies [6]

市场消息：联合包裹(UPS.N)和Figure AI洽谈部署人形机器人。 ...