(UPS) UPS reported a consolidated revenue of $24.4 billion in the first quarter of 2022, an increase of 6.4% from the prior year.
The company’s consolidated operating profit was reported at $3.3 billion, an increase of 17.6% from the prior year, or up 12.1% on an adjusted basis.
The diluted earnings per share was $3.03 in the first quarter, while the adjusted diluted EPS was $3.05, both up 10.1% from the previous year.
UPS reported a net charge of $19 million or $0.02 per diluted share in its quarter GAAP results.
Following a robust quarter, UPS reaffirmed its full-year 2022 consolidated revenue of $102 billion. The consolidated adjusted operating margin is expected at 13.7%.
UPS also affirmed dividend payments of around $5.2 billion in FY22 and announced plans to double its share buybacks in the year, with a target of $2 billion.
UPS: NYSE is up +0.72% on premarket
