(UPS) Shares of United Parcel Services rose more than 9% on Tuesday after the company reported a consolidated operating profit of $3.9 billion in the fourth quarter of 2021, up 91% from the prior year.
The company’s consolidated revenues were posted at $27.8 billion, an increase of 11.5% from the prior year.
UPS said its adjusted diluted earnings per share improved by 35.0% in the fourth quarter to $3.59.
The company approved a quarterly dividend of $1.52 per share, representing an increase of 49% from the prior year.
For FY21, UPS revenues jumped by 15.0% to $97.3 billion, while its adjusted operating profit rose by 50.8% to $13.1 billion. Return on invested capital exceeded the 2023 target after rising to 30.8%.
UPS now projects that its consolidated revenue will reach $102 billion in FY22, while adjusted operating margin will hit 13.7%. Adjusted return on invested capital is projected to surpass 30%.
UPS: NYSE is up +9.05%.
