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.
$聯合包裹 (UPS.US)$ 該公司公佈了24財年第一季度業績後，股價略有上漲。收入同比下降5.3％，至217億美元，未達到預期的219億美元。
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.
調整後的每股收益爲1.43美元，低於去年同期的2.20美元，超過了市場普遍的1.30美元。合併營業利潤爲16億美元，同比下降36.5％，經調整後下降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%.
由於平均每日交易量下降3.2％，美國國內板塊收入同比下降5.0％，至142億美元。調整後的營業利潤率爲5.9％。由於平均每日交易量下降5.8％，國際板塊收入同比下降6.3％，至42.6億美元。調整後的營業利潤率爲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%.
由於貨運市場利率下降，供應鏈解決方案板塊收入下降了5.3％，至32億美元，調整後的營業利潤率爲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本季度的運營現金流總額爲33億美元，自由現金流爲23億美元。UPS預計收入爲920億至945億美元，而市場普遍預期爲930.3億美元，調整後的營業利潤率爲10％-10.6％。
UPS expects 2024 capital expenditures of about $4.5 billion.
UPS預計，2024年的資本支出約爲45億美元。
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).
上個月，UPS表示，預計26財年的合併收入爲1080億美元至1140億美元，調整後的營業利潤率超過13％，自由現金流爲170億至180億美元。本月，UPS透露贏得了美國郵政局（USPS）的一份重要航空貨運合同。
Investors can gain exposure to the stock via IShares Trust IShares U.S. Transportation ETF and Direxion Daily Transportation Bull 3X Shares.
投資者可以通過iShares Trust iShares美國運輸ETF和Direxion Daily Transportation Bull 3X股票獲得股票敞口。