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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
