UPS +2%, Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
UPS +2%, Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
$United Parcel Service (UPS.US)$ shares are trading slightly higher after it reported first-quarter FY24 results. Revenue declined 5.3% Y/Y to $21.7 billion, missing the consensus of $21.9 billion.
$联合包裹 (UPS.US)$ 该公司公布了24财年第一季度业绩后，股价略有上涨。收入同比下降5.3％，至217亿美元，未达到预期的219亿美元。
Adjusted EPS was $1.43, down from $2.20 in the prior-year quarter, beating the consensus of $1.30. Consolidated operating profit was $1.6 billion, down 36.5% Y/Y and down 31.5% on an adjusted basis.
调整后的每股收益为1.43美元，低于去年同期的2.20美元，超过了市场普遍的1.30美元。合并营业利润为16亿美元，同比下降36.5％，经调整后下降31.5％。
U.S. Domestic Segment revenue fell 5.0% Y/Y to $14.2 billion due to a 3.2% decrease in average daily volume. The adjusted operating margin stood at 5.9%. International Segment revenue decreased by 6.3% Y/Y to $4.26 billion, owing to a 5.8% decrease in average daily volume. The adjusted operating margin was 16.0%.
由于平均每日交易量下降3.2％，美国国内板块收入同比下降5.0％，至142亿美元。调整后的营业利润率为5.9％。由于平均每日交易量下降5.8％，国际板块收入同比下降6.3％，至42.6亿美元。调整后的营业利润率为16.0％。
Supply Chain Solutions Segment revenue decreased by 5.3% to $3.2 billion due to market rate declines in forwarding, and the adjusted operating margin was 7.0%.
由于货运市场利率下降，供应链解决方案板块收入下降了5.3％，至32亿美元，调整后的营业利润率为7.0％。
UPS' operating cash flow for the quarter totaled $3.3 billion, and free cash flow was $2.3 billion. UPS expects revenue of $92 billion-$94.5 billion versus the $93.03 billion consensus and sees an adjusted operating margin of 10%-10.6%.
UPS本季度的运营现金流总额为33亿美元，自由现金流为23亿美元。UPS预计收入为920亿至945亿美元，而市场普遍预期为930.3亿美元，调整后的营业利润率为10％-10.6％。
UPS expects 2024 capital expenditures of about $4.5 billion.
UPS预计，2024年的资本支出约为45亿美元。
Last month, UPS said it expects FY26 consolidated revenue of $108 billion – $114 billion, adjusted operating margin above 13%, and free cash flow of $17 billion – $18 billion. This month, UPS disclosed winning a significant air cargo contract from the United States Postal Service (USPS).
上个月，UPS表示，预计26财年的合并收入为1080亿美元至1140亿美元，调整后的营业利润率超过13％，自由现金流为170亿至180亿美元。本月，UPS透露赢得了美国邮政局（USPS）的一份重要航空货运合同。
Investors can gain exposure to the stock via IShares Trust IShares U.S. Transportation ETF and Direxion Daily Transportation Bull 3X Shares.
投资者可以通过iShares Trust iShares美国运输ETF和Direxion Daily Transportation Bull 3X股票获得股票敞口。