Categories AlphaGraphs, Earnings, Industrials
UPS Infographic: United Parcel Service Q4 2023 earnings fall on lower revenues
United Parcel Service, Inc. (NYSE: UPS) reported a double-digit fall in profit for the fourth quarter of 2023 when the cargo company’s revenues declined 8%.
On an adjusted basis, December-quarter profit plunged 32% annually to $2.47 per share. Unadjusted net income was $1.61 billion or $1.87 per share in Q4, compared to $3.45 billion or $3.96 per share in the same period of 2022.
The weak bottom line performance reflects an 8% decrease in fourth-quarter revenues to $24.5 billion. Both US Domestic revenues and International revenues decreased by 7%.
“I want to thank UPSers for providing the best on-time performance of any carrier for the sixth year in a row. 2023 was a unique and difficult year and through it all we remained focused on controlling what we could control, stayed on strategy, and strengthened our foundation for future growth,” said Carol Tome, CEO of UPS.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
