UPS Net Profit Rises 10 Percent

Share this article:
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."


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Direct Mail

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Direct Mail

USPS Commissions Brain Research on Direct Mail

USPS Commissions Brain Research on Direct Mail

The Office of the Inspector General seeks neuroscientists to investigate human responses to digital and physical media.

Direct Mail Remains Impactful

Direct Mail Remains Impactful

Even in this prolific digital age, direct mail proves to be a strong tool for marketers. Standard mail volume is growing at 3% and marketers will spend $45 billion on ...

Delivered: Coupon Mailers

Delivered: Coupon Mailers

What's in our mailbox this month: Coupons. See which ones are good deals—and which ones you shouldn't deal with.