UPS(US:UPS) 智通财经网·2025-04-29 11:16Core Viewpoint - United Parcel Service (UPS) reported better-than-expected Q1 2025 earnings, with adjusted earnings per share of $1.49, surpassing analyst expectations of $1.44. Revenue for the quarter was $21.5 billion, a 0.7% year-over-year decline but exceeding the forecast of $21.22 billion [1]. Group 1: Financial Performance - The company's domestic revenue increased by 1.4% to $14.46 billion, driven by growth in air freight, with a 4.5% increase in revenue per package, partially offsetting a decline in shipment volume [1]. - International revenue grew by 2.7%, with daily volume increasing by 7.1% [1]. - The adjusted operating profit margin for the quarter was 8.2%, while the supply chain solutions segment saw a revenue decline of 14.8% due to the divestiture of Coyote, with an operating margin of 1.7% and a non-GAAP adjusted margin of 3.6% [1]. Group 2: Market Challenges - The trade tensions have led many companies to delay spending, reducing demand for services and negatively impacting UPS's domestic performance, as indicated by the overall revenue decline in Q1 [2]. - The uncertainty in the business environment is highlighted by the impact of the Trump administration's tariffs on imports, affecting the outlook of various companies, including UPS's competitors like FedEx [2]. - UPS has initiated several "business and operational changes" to adapt to lower volumes, including plans to reduce the number of packages provided by Amazon by more than half over the next 18 months [2].