UPS experiences an increase in revenue and profit after a period of 18 months.

by Web Administrator Oct 26, 2024 10:30

UPS reported a consolidated operating profit of $2 billion for the third quarter of 2024, marking a 48% increase from the same period last year. Total revenues rose to $22 billion, a 5.6% increase. CEO Carol Tomé highlighted the company's return to growth after a challenging period, with diluted earnings per share at $1.80 and adjusted earnings at $1.76, both up 12% year-over-year. U.S. domestic revenue grew by 6%, while international revenue increased by 3%. UPS anticipates consolidated revenue to reach approximately $91.1 billion.

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