A Division of NBCUniversal. 2Q20 Earnings Presentation 1.6 MB. Before I begin, I would like to thank David Abney, who after 46 years of service to UPS passed the baton to me on June 1. Demand for residential delivery surged in the quarter, driving B2C shipment growth up 65.2%. Revenue rose 13.4% to $20.46 billion, beating estimates of $17.48 billion, according to IBES data from Refinitiv. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Such statements may relate to our intent, belief and current expectations about our strategic direction, prospects and future results, and give our current expectations or forecasts of future events; they do not relate strictly to historical or current facts. IQVIA (IQV) Beats on Q2 Earnings, Revenues, Ups 2020 View - July 22, 2020 - Zacks.com Reconciliation of GAAP and Non-GAAP Revenue, Revenue Per Piece, and Adjusted Operating Profit(in millions, except per piece amounts): (1) Amounts adjusted for period over period foreign currency exchange rate and hedging differences, (1) Amounts adjusted for transformation strategy costs, (2) Amounts adjusted for transformation strategy costs and period over period foreign currency exchange rate and hedging differences, (1)Amounts adjusted for period over period foreign currency exchange rate and hedging differences, (2 )Amounts adjusted for transformation strategy costs and period over period foreign currency exchange rate and hedging differences. United Parcel Service (UPS) Q2 2020 Earnings Call Transcript UPS earnings call for the period ending June 30, 2020. United Parcel Service UPS is scheduled to report second-quarter 2020 earnings on Jul 30, before market open. Reconciliation of GAAP and Non-GAAP Income Statement(in millions, except per share amounts): (1) Reflects other employee benefits costs of $81 million and other costs of $31 million. United Parcel Service, Inc. (NYSE:UPS) Q2 2020 Earnings Call Summary. ATLANTA, July 16, 2020 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) will announce its 2020 second-quarter results on Thursday, July 30, 2020, at … Financials. Non-GAAP operating profit, operating margin, pre-tax income, net income and earnings per share exclude the impact of costs related to restructuring programs, including Transformation strategy costs.  We believe this provides a useful comparison of year-to-year financial performance without considering the short-term impact of restructuring costs. Johnson & Johnson JNJ second-quarter 2020 earnings came in at $1.67 per share, which beat the Zacks Consensus Estimate of $1.50. To get UPS news direct, follow @UPS_News on Twitter. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Statements other than those of current or historical fact, and all statements accompanied by terms such as “believe,” “project,” “expect,” “estimate,” “assume,” “intend,” “anticipate,” “target,” “plan,” and variations thereof, and similar terms, are intended to be forward-looking statements. J&J (JNJ) Beats on Q2 Earnings & Sales, Ups 2020 Guidance. UPS Releases 2Q 2020 Earnings ATLANTA , July 30, 2020 (GLOBE NEWSWIRE) -- Consolidated Average Daily Volume Surged to Record 20.9% Growth 2Q20 Diluted EPS of $2.03 , Up 4.6%; Adjusted* Diluted EPS up 8.7% to $2.13 YTD Cash from Operations of $5.9B ; Adjusted Free Cash Flow of $3.9B UPS … Effective January 1, 2020, we began evaluating our segments using pension discount rate-neutral operating profit in addition to our current segment operating profit measure. These risks and uncertainties, many of which are outside of our control, include, but are not limited to: uncertainties related to the impact of the COVID-19 pandemic on our business and operations, financial condition, financial results and financial position, our customers and suppliers, and on the global economy; changes in general economic conditions, in the U.S. or internationally; significant competition on a local, regional, national and international basis; changes in our relationships with our significant customers; changes in the complex and stringent regulation in the U.S. and internationally (including tax laws and regulations); increased physical or data security requirements that may increase our costs of operations and reduce operating efficiencies; legal, regulatory or market responses to global climate change; results of negotiations and ratifications of labor contracts; strikes, work stoppages or slowdowns by our employees; the effects of changing prices of energy, including gasoline, diesel and jet fuel, and interruptions in supplies of these commodities; changes in exchange rates or interest rates; uncertainty from the expected discontinuance of LIBOR and transition to any other interest rate benchmark; our ability to maintain the image of our brand; breaches in data security; disruptions to the Internet or our technology infrastructure; interruptions in or impacts on our business from natural or man-made events or disasters including terrorist attacks, epidemics or pandemics; our ability to accurately forecast our future capital investment needs; exposure to changing economic, political and social developments in international and emerging markets; changes in business strategy, government regulations, or economic or market conditions that may result in substantial impairment of our assets; increases in our expenses or funding obligations relating to employee health, retiree health and/or pension benefits; potential additional tax liabilities in the U.S. or internationally; the potential for various claims and litigation related to labor and employment, personal injury, property damage, business practices, environmental liability and other matters; our ability to realize the anticipated benefits from acquisitions, joint ventures or strategic alliances; our ability to realize the anticipated benefits from our transformation initiatives; cyclical and seasonal fluctuations in our operating results; our ability to manage insurance and claims expenses; and other risks discussed in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2019, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and subsequently filed reports. The derived amounts 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 hedging activities). Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. July 30, 2020 06:00 ET | Source: UPS. UPS' first-quarter 2020 earnings (excluding 4 cents from non-recurring items) per share of $1.15 missed the Zacks Consensus Estimate by 6 cents. April 28, 2020 … From time to time, we also include forward-looking statements in other publicly disclosed materials. The transportation company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.42. Revenue increased 8.5%, driven by elevated air freight forwarding demand out of. You should consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of information contained in such forward-looking statements. 70.5 KB. Costs Related to Restructuring Programs; Transformation Strategy Costs. Shares are up 5.7% since reporting last quarter. Free Cash Flow and Adjusted Capital Expenditures, We believe free cash flow, free cash flow excluding discretionary pension contributions and free cash flow adjusted for principal repayments of finance lease obligations are important indicators of how much cash is generated by regular business operations and we use them as a measure of incremental cash available to invest in our business, meet our debt obligations and return cash to shareowners. Got a confidential news tip? UPS Media Relations: 404-828-7123 or pr@ups.com The stock went up over 14%, the highest surge for the company’s stock … The bottom line also declined 17.3% year over year. Currency-neutral revenue, revenue per piece and operating profit are calculated by dividing current period reported U.S. dollar revenue, revenue per piece and operating profit by the current period average exchange rates to derive current period local currency revenue, revenue per piece and operating profit. The difference between the current period reported U.S. dollar revenue, revenue per piece and operating profit and the derived current period U.S. dollar revenue, revenue per piece and operating profit is the period over period impact of currency fluctuations. Back to UPS Overview *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. United Parcel Service, Inc. 2020 Q2 - Results - Earnings Call Presentation Fri, Jul. Demand for domestic residential delivery surged in the quarter, driving consumer shipments up 65.2%, the company said. Financials 70.5 KB. UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. Our non-GAAP financial information does not represent a comprehensive basis of accounting. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Carol Tomé, CEO. UPS Releases 2Q 2020 Earnings. UPS was awarded America’s Best Customer Service company for Shipping and Delivery services by Newsweek magazine; Fortune magazine’s Most Valuable Brand in Transportation; and top rankings on the JUST 100 list for social responsibility, the Dow Jones Sustainability World Index, and the Harris Poll Reputation Quotient, among other prestigious rankings and awards. Impact of Changes in Foreign Currency Exchange Rates and Hedging Activities. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, © 2020 CNBC LLC. Brookline Bancorp Inc (BRKL) Q2 2020 Earnings Call Transcript BRKL earnings call for the period ending June 30, 2020. We calculate free cash flow as cash flows from operating activities less capital expenditures, proceeds from disposals of property, plant and equipment, and plus or minus the net changes in finance receivables and other investing activities. Q2 2020 United Parcel Service, Inc. Earnings Conference Call Event Details . Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. Operating margin was 9.0%; adjusted operating margin was 9.3%. Company Participants. To ship with UPS, visit ups.com/ship. We wish David all the best. 31 • 2 Comments United Parcel Service's (UPS) CEO Carol Tomé on Q2 2020 Results - Earnings Call Transcript UPS is not providing revenue and diluted earnings per share guidance due to the uncertainty around the timing and pace of the economic recovery.  The company is unable to predict the extent of the business impact or the duration of the coronavirus pandemic, or reasonably estimate its operating performance in future quarters. ... the quarter was more than offset by the increase in pay-ups and higher dollar prices on these assets. UPS reported Q2 2020 earnings on July 30. Email Print Friendly Share. Average daily volume grew 9.8%, driven by strong outbound demand from. United Parcel Service (NYSE: UPS) is scheduled to announce Q2 earnings results on Thursday, July 30th, before market open. Zacks Equity Research. So it stepped down from Q2 to Q3 by about 50%. YTD Cash from Operations of $5.9B; Adjusted Free Cash Flow of $3.9B. 2Q20 Earnings Presentation. Click here for Webcast. US 07/30/20. United Parcel Service, Inc. (NYSE:UPS) Q2 2020 Earnings Conference Call. Historical Financials 78.5 KB. 78.5 KB. The equivalent measures determined in accordance with GAAP are also referred to as "reported" or "unadjusted.”. UPS CEO Carol Tomé and CFO Brian Newman will discuss second-quarter results with investors and analysts during a conference call at 8:30 a.m. Reconciliation of Non-GAAP Pension Discount Rate Neutral Operating Profit and Margin(in millions): (2) Amounts adjusted for transformation strategy cost and period over period impact of discount rates on pension service cost, (2) Amounts adjusted for transformation strategy costs and period over period impact of discount rates on pension service cost. United Parcel Service (UPS) Q3 2020 Earnings Call Transcript UPS earnings call for the period ending September 30, 2020. Â, Diluted earnings per share was $2.03 and adjusted diluted earnings per share was $2.13, up 8.7% from the same period last year.  GAAP results included a pre-tax transformation charge of $112 million, equivalent to $0.10 per share.  In the prior year period, GAAP results included a pre-tax charge for transformation costs of $21 million, equivalent to $0.02 per share.Â, “Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments and strong outbound demand from Asia,” said Carol Tomé, UPS chief executive officer.  “UPSers are keeping the world moving during this time of need and I want to thank our team for their hard work and outstanding efforts to serve our customers, our communities and each other.”. July 30, 2020 at 8:30 AM EDT Click here for Webcast. UPS (UPS) delivered earnings and revenue surprises of 104.81% and 17.96%, respectively, for the quarter ended June 2020. FedEx reported better-than-expected revenue of $20.6 billion for its most recent quarter as the pandemic continues to bolster package deliveries. Do the numbers hold clues to what lies ahead for the stock? We also supplement the reporting of revenue, revenue per piece and operating profit with non-GAAP measures that exclude the period-over-period impact of foreign currency exchange rate changes and hedging activities.  Additionally, we periodically disclose free cash flow, free cash flow excluding discretionary pension contributions, and capital expenditures including principal repayments of capital lease obligations. "Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic," said UPS Chief Executive Carol Tomé. Forward-looking statements are made subject to the safe harbor provisions of the federal securities laws pursuant to Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. YTD Cash from Operations of $5.9B; Adjusted Free Cash Flow of $3.9B. 2Q20 Diluted EPS of $2.03, Up 4.6%; Adjusted* Diluted EPS up 8.7% to $2.13. ATLANTA, July 30, 2020 (GLOBE NEWSWIRE) --, UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019.  Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. They reported a fantastic quarter, spurred by a delivery boom due to coronavirus. UPS Releases 2Q 2020 Earnings. UPS (NYSE:UPS) today announced second-quarter 2020 … Average daily volume increased 22.8%, reaching 21.1 million packages per day. The company earned $21.24 billion during the quarter, compared to analyst estimates of $20.08 billion. Read full article. (1) Reflects other employee benefits costs of $93 million and other costs of $64 million. We want to hear from you. Scott Childress – Investor Relations. All Rights Reserved. Supporting Materials. Average daily volumes in the United States jumped 22.8% and reached 21.1 million packages per day, the company said, adding that it also saw strong outbound demand from Asia.  Operating profit was $2.2 billion, and adjusted operating profit was $2.3 billion, up 7.4% compared to last year’s second quarter. Atlanta, GA. Consolidated Average Daily Volume Surged to Record 20.9% Growth. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world. We will get an answer when JPMorgan reports second quarter fiscal 2020 earnings results Tuesday before the opening bell. 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