Parcel giant UPS, Atlanta, Ga., yesterday reported a revenue gain of 10.2% in its fourth quarter and earnings of $0.76 per diluted share, up 1.3% compared to the prior-year

period. For the full year, revenue increased to a record $36.6 billion while net income climbed 15%.
Consolidated revenue for the three months ended Dec. 31, 2004, rose to $9.84 billion, with strong double-digit growth reported by the international and non-package segments and a 6.6% increase by the U.S. domestic segment.
Consolidated worldwide package volume for the fourth quarter rose 3.7% to 963 million, while consolidated average daily volume increased by 297,000 packages per day to 15.5 million. Growth was led by international export volume, up 13.5%, and U.S. Next Day Air, which increased 4.1%. Ground volume within the U.S. grew at 1.5%.
“Our global small package business remains strong and 2004 was an excellent year,” said Scott Davis, UPS’s chief financial officer. “UPS delivered almost 3.6 billion packages in 2004 - the most in our history - although we were disappointed with our U.S. ground volume growth in the fourth quarter. As a result, we will focus several new efforts in this area in the coming months.”
Adjusted diluted earnings per share were $0.82 for the fourth quarter of 2004, up 17% over the adjusted $0.70 for the prior-year period.
For more information, visit www.UPS.com.