(Finance) – UPSan American parcel and international shipping company, has announced a sales Consolidated First Quarter 2022 of $ 24.4 billion, an increase of 6.4% compared to the first quarter of 2021. Theoperating profit consolidated was $ 3.3 billion, up 17.6% over the same period a year earlier. Diluted earnings per share were $ 3.03, while theadjusted earnings per share was $ 3.05 (up 10.1% from a year ago). The market, according to Refinitiv data, expected earnings per share of $ 2.88 on revenues of $ 23.8 billion.
“The agility of our network and the continued execution of our strategy have provided another quarter of solid financial performanceputting us on track to achieve our consolidated financial goals for 2022, “he said Carol ToméCEO of UPS.
For the 2022UPS reiterates the following financial goals: consolidated revenues of approximately $ 102 billion; an adjusted consolidated operating margin of approximately 13.7%; an adjusted return on invested capital greater than 30%; capital expenditures of 5.4% of revenue, or about $ 5.5 billion; the payment of dividends of approximately $ 5.2 billion. The company announced that it is aiming for double the amount of share buybacks for 2022, reaching $ 2 billion for the current year.
(Photo: © UPS)