UPS Net Profit Rises 10 Percent

Share this content:
United Parcel Service Inc. said yesterday that net profit for its first quarter rose by 10 percent.


Results for the quarter-which runs from January 1 to March 31-- were driven by a 9 percent increase in global small package volume or 1.24 million packages per day, outpacing worldwide market growth, the Atlanta-based company reported.


Quarterly net profit totaled $975 million, compared with $882 million, a year earlier, UPS said. Revenue grew 16.5 percent, to $11.5 billion. Operating profit increased 12.3 percent to $1.6 billion.


"This was a quarter of outstanding growth that resulted in strong returns and excellent cash flow," said Mike Eskew, UPS chairman/CEO, in a statement. "To drive future results, we will continue to invest in our network, technology and products to bring even more value to the customer."


UPS is projecting diluted earnings per share in a range of $0.97 to $1.01 in the second quarter compared to the $0.88 reported during the prior-year period.


"We are reaffirming our full-year 2006 guidance," said chief financial officer Scott Davis, in a statement. "UPS continues to expect an increase in diluted earnings per share of 11-to-16 percent, consistent with the company's historical growth rate."


close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above