UPS recorded a revenue of $24.9 billion in the fourth quarter of 2020, up 21.0% year over year, according to the company’s press release. Q4 diluted loss per share was $3.75, down from a loss per share of $0.12 in the fourth quarter of 2019.
- Q4 consolidated operating profit rose 1.6% to $2.2 billion or up 26.0% on an adjusted basis.
- Q4 Consolidated average daily volume increased 10.6% year over year.
- UPS recorded a net loss of $3.3 billion in Q4, while adjusted net income was $2.3 billion or 26.4% above the same period last year.
- During the fourth quarter, UPS began transporting COVID-19 vaccines.
- Yearly revenues rose 14.2% to hit $84.6 billion, while diluted EPS was $1.64, the highest in the company’s history.
- Yearly operating profit was $7.8 billion while adjusted operating profit was $8.7 billion, up 7.0%.
- Annual free cash flow was $5.1 billion, including $3.1 billion in pension contributions.
- During the year, UPS paid $3.6 billion in dividends, a per-share increase of 5.2% from the prior year.
- UPS expects capital expenditures to be about $4.0 billion while dividends are projected to grow, subject to the board’s approval.
- UPS has no plans to repurchase shares or access the debt capital markets in 2021.
- The company did not provide revenue or diluted earnings per share guidance.
UPS stock is currently gaining. UPS: NYSE is up 4.63% on premarket.
