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. 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. United Parcel Service, Inc. 2020 Q2 - Results - Earnings Call Presentation Fri, Jul. 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. Zacks Equity Research. United Parcel Service (UPS - Free Report) is scheduled to report third-quarter 2020 earnings on Oct 28, before market open. 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. 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. 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. 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 Releases 2Q 2020 Earnings. From time to time, we also include forward-looking statements in other publicly disclosed materials. 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). 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. All Rights Reserved. The difference between this derived amount and the current period reported service cost is the period over period impact of pension discount rate movements on operating profit. United Parcel Service UPS is scheduled to report third-quarter 2020 earnings on Oct 28, before market open. UPS Investor Relations: 404-828-6059 (option 2) or investor@ups.com. 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. United Parcel Service last announced its quarterly earnings data on October 28th, 2020. 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. UPS Releases 2Q 2020 Earnings. UPS Releases 2Q 2020 Earnings. To ship with UPS, visit ups.com/ship. We will get an answer when JPMorgan reports second quarter fiscal 2020 earnings results Tuesday before the opening bell. 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.”. We wish David all the best. 2Q20 Earnings Presentation 1.6 MB. Costs Related to Restructuring Programs; Transformation Strategy Costs. United Parcel Service (UPS) Q3 2020 Earnings Call Transcript UPS earnings call for the period ending September 30, 2020. Do the numbers hold clues to what lies ahead for the stock? Management believes that these forward-looking statements are reasonable as and when made. Average daily volume grew 9.8%, driven by strong outbound demand from. Back to UPS Overview *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. 70.5 KB. 2Q20 Diluted EPS of $2.03, Up 4.6%; Adjusted* Diluted EPS up 8.7% to $2.13. The third quarter of 2020 was a record one for international operating profit, which rose 40% compared to the same period last year. Excluding items, the company earned $2.13 per share, beating estimates of $1.07 per share. 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. Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. Carol Tomé, CEO. 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. Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. Q2. Click here for Webcast. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. 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). Johnson & Johnson JNJ second-quarter 2020 earnings came in at $1.67 per share, which beat the Zacks Consensus Estimate of $1.50. Shares are up 5.7% since reporting last quarter. April 28, 2020 … 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. Got a confidential news tip? The bottom line also declined 17.3% year over year. Historical Financials. Financials. The equivalent measures determined in accordance with GAAP are also referred to as "reported" or "unadjusted.”. Non-GAAP pension discount rate-neutral operating profit excludes the period over period impact of discount rate changes on pension service cost. Scott Childress – Investor Relations. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. 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. The stock went up over 14%, the highest surge for the company’s stock … UPS Media Relations: 404-828-7123 or pr@ups.com Earnings however declined 35.3% from the year-ago period. A Division of NBCUniversal. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. The company can be found on the web at ups.com  or pressroom.ups.com  and its corporate blog can be found at ups.com/longitudes The company’s sustainability eNewsletter, UPS Horizons, can be found at ups.com/sustainabilitynewsletter. 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. July 30, 2020 8:30 AM ET. 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. 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. YTD Cash from Operations of $5.9B; Adjusted Free Cash Flow of $3.9B. 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 … Average daily volume increased 22.8%, reaching 21.1 million packages per day. UPS Releases 2Q 2020 Earnings. Demand for residential delivery surged in the quarter, driving B2C shipment growth up 65.2%. UPS (UPS) delivered earnings and revenue surprises of 104.81% and 17.96%, respectively, for the quarter ended June 2020. 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. 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. Free cash flow excluding discretionary pension contributions adds back any discretionary pension contributions made during the period.Â. Brookline Bancorp Inc (BRKL) Q2 2020 Earnings Call Transcript BRKL earnings call for the period ending June 30, 2020. 31 • 2 Comments United Parcel Service's (UPS) CEO Carol Tomé on Q2 2020 Results - Earnings Call Transcript 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. Demand for domestic residential delivery surged in the quarter, driving consumer shipments up 65.2%, the company said. * “Adjusted” amounts are non-GAAP financial measures. YTD Cash from Operations of $5.9B; Adjusted Free Cash Flow of $3.9B. 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. Carol Tomé “…I’m honored to be hosting my first UPS earnings call. We want to hear from you. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world. 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. Supporting Materials. Atlanta, GA. Consolidated Average Daily Volume Surged to Record 20.9% Growth. 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. ... the quarter was more than offset by the increase in pay-ups and higher dollar prices on these assets. 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. 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. Shares of the package delivery firm rose jumped nearly 12% in premarket trading. 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. Carol Tomé – Chief Executive Officer July 30, 2020 06:00 ET | Source: UPS. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Financials 70.5 KB. Operating margin was 7.0%; adjusted operating margin was 7.3%. FedEx reported better-than-expected revenue of $20.6 billion for its most recent quarter as the pandemic continues to bolster package deliveries. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. July 30, 2020 at 8:30 AM EDT Click here for Webcast. United Parcel Service, Inc. (NYSE:UPS) Q2 2020 Earnings Call Summary. The transportation company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.42. United Parcel Service (UPS) reports earnings on 1/27/2021. United Parcel Service (UPS) Q2 2020 Earnings Call Transcript UPS earnings call for the period ending June 30, 2020. To get UPS news direct, follow @UPS_News on Twitter. J&J (JNJ) Beats on Q2 Earnings & Sales, Ups 2020 Guidance. 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. United Parcel Service UPS is scheduled to report second-quarter 2020 earnings on Jul 30, before market open. 2Q20 Earnings Presentation. 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. Q2 2020 United Parcel Service, Inc. Earnings Conference Call Event Details . Financials 70.5 KB. Impact of Changes in Foreign Currency Exchange Rates and Hedging Activities. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. "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. The company earned $21.24 billion during the quarter, compared to analyst estimates of $20.08 billion. UPS Releases 2Q 2020 Earnings. Our non-GAAP financial information does not represent a comprehensive basis of accounting. United Parcel Service (NYSE: UPS) is scheduled to announce Q2 earnings results on Thursday, July 30th, before market open. 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. 12 % in premarket trading Tomé and CFO Brian Newman will discuss second-quarter results investors! 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