Led by strong worldwide gains in package volume and the expansion of its supply chain and freight business, UPS has reported a 17.9 percent increase in revenue and an adjusted 22.9 percent increase in diluted earnings per share.

For the three months ended Sept. 30, 2005, earnings per diluted share were $0.86 compared to the $0.78 reported in the prior year. Adjusting for a tax credit that positively impacted earnings in 2004's third quarter, diluted earnings per share rose 22.9 percent, up from $0.70 a year ago.
"This has been a great quarter of growth for UPS," said Mike Eskew, UPS chairman and CEO. "We have tremendous momentum right now in the U.S. and around the world and we see it continuing."
Consolidated revenue for the period climbed to $10.55 billion, up from the $8.95 billion reported in the prior-year period. Consolidated operating profit jumped 19.1 percent to $1.5 billion, while net income totaled $953 million. Global average daily package volume increased by 4.7 percent – or 644,000 additional packages per day – to 14.3 million.
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