UPS wraps up 2024 with strong operational performance and growth initiatives
Overview
United Parcel Service (UPS) reported its Q4 2024 results on January 30th, having increased its consolidated revenue number to $25.3bn, up +1.5% year-on-year (vs. $24.9bn in Q4 2023). On a FY basis, the 2024 revenue figure is up +0.1% year-on-year ($91.1bn in 2024 vs. $91.0bn in 2023).
The company paid dividends of $5.4bn in 2024, combined with share buybacks of $500m, bringing the total shareholder return to $5.9bn.
Moreover, UPS also provided a guidance for its 2025 outlook, expecting revenue of c. $89bn, a Non-GAAP adj. operating margin of c. 10.8%, as well as total shareholder returns of $6.5bn (o/w $5.5bn as dividends and $1.0bn in share buybacks).
Group
- Consolidated revenues of $25.3bn in Q4 (up +1.5% year-on-year), and $91.1bn in 2024 (up +0.1% year-on-year)
- Non-GAAP adj. operating profit of $ 3.1bn in Q4 (up +11.2% year-on-year), and $8.9bn in 2024 (down -9.9% year-on-year)
- Non-GAAP adj. operating margin of 12.3% in Q4 (up +1.1%pts year-on-year), and 9.8% in 2024 (down -1.1%pts year-on-year)
- Non-GAAP adj. diluted EPS of $2.75 in Q4 (up +11.3% year-on-year), and $7.72 in 2024 (down -12.1% year-on-year)
United States
- Revenues of $17.3bn in Q4 (up +2.2% year-on-year)
- Non-GAAP adj. operating profit of $1.8bn in Q4 (up +11.0% year-on-year)
- Non-GAAP adj. operating margin of 10.1% (up +0.8%pts year-on-year)
International
- Revenues of $4.9bn in Q4 (up +6.9% year-on-year)
- Non-GAAP adj. operating profit of $1.1bn in Q4 (up +18.1% year-on-year)
- Non-GAAP adj. operating margin of 21.6% (up +2.1%pts year-on-year)
Supply Chain Solutions
- Revenues of $3.1bn in Q4 (down -9.1% year-on-year)
- Non-GAAP adj. operating profit of $284m in Q4 (down -7.8% year-on-year)
- Non-GAAP adj. operating margin of 9.3% (up +0.2%pts year-on-year)
Author: János-Levente Bereczki
