Non-GAAP financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. A United Parcel Service worker delivers packages in New York City. UPS Releases 2Q 2020 Earnings. Email Print Friendly Share. July 30, 2020 8:30 AM ET. ATLANTA, July 16, 2020 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) will announce its 2020 second-quarter results on Thursday, July 30, 2020, at … Additionally, we believe that adjusting capital expenditures for principal repayments of finance lease obligations more appropriately reflects the overall cash that we have invested in capital assets. A Division of NBCUniversal. Impact of Changes in Pension Discount Rates. United Parcel Service (NYSE: UPS) is scheduled to announce Q2 earnings results on Thursday, July 30th, before market open. 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. UPS (NYSE:UPS) today announced second-quarter 2020 … 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. Q2. United Parcel Service, Inc. (NYSE:UPS) Q2 2020 Earnings Call Summary. YTD Cash from Operations of $5.9B; Adjusted Free Cash Flow of $3.9B. The transportation company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.42. Third Quarter 2020 Earnings Results and Conference Call. UPS Media Relations: 404-828-7123 or pr@ups.com UPS (UPS) delivered earnings and revenue surprises of 104.81% and 17.96%, respectively, for the quarter ended June 2020. Reconciliation of GAAP and non-GAAP Financial Measures, We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP financial measures, including "adjusted" compensation and benefits, operating profit, operating margin, other income (expense), income before income taxes, income tax expense, effective tax rate, net income and earnings per share. Carol Tomé – Chief Executive Officer 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. 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. 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. Brookline Bancorp Inc (BRKL) Q2 2020 Earnings Call Transcript BRKL earnings call for the period ending June 30, 2020. Revenue increased 8.5%, driven by elevated air freight forwarding demand out of. 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. Historical Financials 78.5 KB. 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. United Parcel Service (UPS - Free Report) is scheduled to report third-quarter 2020 earnings on Oct 28, before market open. 2Q20 Earnings Presentation. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience, present expectations or anticipated results. Data is a real-time snapshot *Data is delayed at least 15 minutes. Pension discount rate-neutral operating profit is calculated by discounting the value of benefits attributable to employee service in the current period utilizing the prior year discount rate applicable to each of our company-sponsored defined benefit plans. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. Financials. Executive Leadership Team & Board of Directors, Cash flows from operating activities (GAAP), Principal repayments of finance lease obligations, Adjusted capital expenditures (Non-GAAP measure), Adjusted free cash flow (Non-GAAP measure). 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. US 07/30/20. Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. Company Participants. United Parcel Service UPS is scheduled to report third-quarter 2020 earnings on Oct 28, before market open. Operating margin was 20.8%; adjusted operating margin was 22.7%. Click here for Webcast. Free cash flow excluding discretionary pension contributions adds back any discretionary pension contributions made during the period.Â. 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. 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. UPS Releases 2Q 2020 Earnings. UPS Releases 2Q 2020 Earnings. 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. 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. Costs Related to Restructuring Programs; Transformation Strategy Costs. 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. IQVIA (IQV) Beats on Q2 Earnings, Revenues, Ups 2020 View - July 22, 2020 - Zacks.com United Parcel Service last announced its quarterly earnings data on October 28th, 2020. So it stepped down from Q2 to Q3 by about 50%. ET, July 30, 2020.  That call will be open to others through a live Webcast.  To access the call, go to www.investors.ups.com and click on “Earnings Webcast.” Additional financial information is included in the detailed financial schedules being posted on www.investors.ups.com under “Financials” and as filed with the SEC as an exhibit to our Current Report on Form 8-K. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. This release, our Annual Report on Form 10-K for the year ended December 31, 2019 and our other filings with the Securities and Exchange Commission contain and refer to “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. UPS Releases 2Q 2020 Earnings. We do not undertake any obligation to update forward-looking statements to reflect events, circumstances, changes in expectations, or the occurrence of unanticipated events after the date of those statements, except as required by law. See the appendix to this release for a discussion of non-GAAP financial measures, including a reconciliation to the most closely correlated GAAP measure. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. The following slide deck was published by United Parcel Service, Inc. in conjunction with their 2020 Q2 earnings call.. 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. Carol Tomé “…I’m honored to be hosting my first UPS earnings call. 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. Impact of Changes in Foreign Currency Exchange Rates and Hedging Activities. J&J (JNJ) Beats on Q2 Earnings & Sales, Ups 2020 Guidance. Revenue rose 13.4% to $20.46 billion, beating estimates of $17.48 billion, according to IBES data from Refinitiv. Learn more about our sustainability efforts at ups.com/sustainability. 78.5 KB. The company earned $21.24 billion during the quarter, compared to analyst estimates of $20.08 billion. FedEx reported better-than-expected revenue of $20.6 billion for its most recent quarter as the pandemic continues to bolster package deliveries. 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. UPS Investor Relations: 404-828-6059 (option 2) or investor@ups.com. United Parcel Service (UPS) Q2 2020 Earnings Call Transcript UPS earnings call for the period ending June 30, 2020. We will get an answer when JPMorgan reports second quarter fiscal 2020 earnings results Tuesday before the opening bell. Back to UPS Overview *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Average daily volume increased 22.8%, reaching 21.1 million packages per day. Demand for residential delivery surged in the quarter, driving B2C shipment growth up 65.2%. Operating margin was 9.0%; adjusted operating margin was 9.3%. UPS reported Q2 2020 earnings on July 30. 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. 70.5 KB. 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.”. Financials 70.5 KB. The bottom line also declined 17.3% year over year. Supporting Materials. Carol Tomé, CEO. Atlanta, GA. Consolidated Average Daily Volume Surged to Record 20.9% Growth. 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). Our non-GAAP financial information does not represent a comprehensive basis of accounting. Supporting Materials. To get UPS news direct, follow @UPS_News on Twitter. Non-GAAP pension discount rate-neutral operating profit excludes the period over period impact of discount rate changes on pension service cost. 31 • 2 Comments United Parcel Service's (UPS) CEO Carol Tomé on Q2 2020 Results - Earnings Call Transcript However, caution should be taken not to place undue reliance on any forward-looking statements because such statements speak only as of the date when made. United Parcel Service, Inc. 2020 Q2 - Results - Earnings Call Presentation Fri, Jul. United Parcel Service (UPS) Q3 2020 Earnings Call Transcript UPS earnings call for the period ending September 30, 2020. 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. Shares of the package delivery firm rose jumped nearly 12% in premarket trading. Excluding items, the company earned $2.13 per share, beating estimates of $1.07 per share. 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 … United Parcel Service UPS is scheduled to report second-quarter 2020 earnings on Jul 30, before market open. Johnson & Johnson JNJ second-quarter 2020 earnings came in at $1.67 per share, which beat the Zacks Consensus Estimate of $1.50. From time to time, we also include forward-looking statements in other publicly disclosed materials. Got a confidential news tip? Earnings however declined 35.3% from the year-ago period. The third quarter of 2020 was a record one for international operating profit, which rose 40% compared to the same period last year. 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. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. Financials 70.5 KB. 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. United Parcel Service on Thursday topped Wall Street estimates for quarterly profit and revenue as the COVID-19 pandemic led to a surge in home deliveries and healthcare shipments. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. July 30, 2020 06:00 ET | Source: UPS. We believe that these non-GAAP measures provide additional meaningful information to assist users of our financial statements in understanding our financial results and 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.  These non-GAAP measures are used internally by management for business unit operating performance analysis, business unit resource allocation and in connection with incentive compensation award determinations. Reconciliation of Non-GAAP Liquidity Measures(in millions): Copyright ©1994- 2020 United Parcel Service of America, Inc. All rights reserved.  Operating profit was $2.2 billion, and adjusted operating profit was $2.3 billion, up 7.4% compared to last year’s second quarter. United Parcel Service, Inc. (NYSE:UPS) Q2 2020 Earnings Conference Call. Do the numbers hold clues to what lies ahead for the stock? 2Q20 Diluted EPS of $2.03, Up 4.6%; Adjusted* Diluted EPS up 8.7% to $2.13. 1.6 MB. The coronavirus outbreak has led to a boom in home deliveries of everything ranging from food to furniture and electronics and exercise equipment, as lockdown measures keep people at home. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. Historical Financials. All Rights Reserved. 2Q20 Earnings Presentation 1.6 MB. Demand for domestic residential delivery surged in the quarter, driving consumer shipments up 65.2%, the company said. Adjusted operating margin was 9.3 % 12 % in premarket trading, according to IBES data Refinitiv. ©1994- 2020 united Parcel Service ( UPS ) Q2 2020 earnings outbound demand from quarter! Reconciliation of non-GAAP financial information does not represent a comprehensive basis of.. Which beat the Zacks consensus Estimate of $ 5.9B ; Adjusted Free Cash Flow $. 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