United Parcel Service, Inc. Class B - UPS STOCK NEWS

UPS reported first-quarter 2022 consolidated revenues of $24.4 billion, a 6.4% increase year-over-year. The operating profit rose 17.6% to $3.3 billion, with diluted EPS at $3.03, adjusted to $3.05, reflecting a 10.1% increase. The U.S. Domestic segment revenue grew 8.0%, while international operations saw a 5.8% rise. UPS reaffirmed its 2022 financial guidance and increased the share repurchase target to $2 billion.

Qualtrics (NASDAQ: XM) has partnered with UPS (NYSE: UPS) to integrate its Delighted experience management solution into the UPS Digital Connections program. This collaboration aims to assist small and medium-sized businesses (SMBs) in gaining insights into customer experiences, covering marketing, purchases, and returns. Delighted enables businesses to collect real-time feedback and analyze it, creating competitive advantages. The program is now available, allowing businesses to use Delighted for enhanced customer experience management.

UPS will announce its first-quarter 2022 financial results on April 26, 2022, at approximately 6:00 a.m. ET. Following the announcement, CEO Carol Tomé and CFO Brian Newman will lead a public investor conference call at 8:30 a.m. ET to discuss the results.

The live webcast of the call can be accessed via UPS Investor Relations, and the audio will be available for a limited time afterward.

UPS announced the induction of 1,495 drivers into its Circle of Honor for accident-free driving over 25 years. This elite group boasts 37,375 years of safe driving among its members. UPS emphasizes the importance of safety training as its drivers collectively drive over 3.5 billion miles annually. The company also highlights its competitive compensation, noting that drivers can earn around $93,000 annually, plus extensive benefits. As Distracted Driving Awareness Month approaches, UPS encourages safe driving practices.

ESW has partnered with UPS to enhance international ecommerce and shipping capabilities for brands seeking to expand their direct-to-consumer (DTC) market. This agreement combines ESW’s technology expertise with UPS’s logistics network, allowing retailers to better localize their online shopping experiences. As online cross-border shopping rises, this partnership could alleviate barriers preventing brands from reaching global consumers. The collaboration aims to streamline the ecommerce process, making it easier for retailers to enter new markets swiftly.

UPS announced the retirements of Juan Perez and Scott Price, effective March 31, 2022. Perez, a 32-year veteran, contributed significantly through initiatives like the Advanced Technology Group and IT modernization. Price led UPS's international expansion and transformation efforts. To streamline operations, UPS will integrate Global Sales and Solutions into its U.S. and International business units. Kate Gutmann has been appointed Executive Vice President and President of International, Healthcare, and Supply Chain Solutions, overseeing units that generated over $37 billion in 2021.

UPS reported fourth-quarter 2021 consolidated revenues of $27.8 billion, marking an 11.5% increase year-over-year. Operating profit reached $3.9 billion, reflecting a remarkable 91.0% rise. Diluted EPS was $3.52, with adjusted EPS rising by 35.0% to $3.59. The board declared a quarterly dividend of $1.52, a 49% increase over the prior year. For 2022, UPS expects consolidated revenue to approach $102 billion and adjusted operating margins of about 13.7%.

UPS will announce its 2021 fourth-quarter results on February 1, 2022, at approximately 6:00 a.m. ET. Following the announcement, CEO Carol Tomé and CFO Brian Newman will host an investor conference call at 8:30 a.m. ET to discuss the results. The call will be publicly accessible through a live webcast on the UPS Investor Relations website. The audio of the webcast will be available for a limited time afterwards.