![]() Growth in Europe transborder products and exports to the U.S. Lower fuel surcharge masked revenue per package growth by approximately 350 basis points and offset strong growth in base rates.Įxport shipments increased slightly, led by mid-single digit growth in the Europe and Americas regions. On a currency-neutral basis, revenue per package was down 0.9% compared to the fourth quarter of 2014. UPS’s focus on more-profitable accounts led to improved base rates across all regions. For the first time, the International segment surpassed $2 billion in annual adjusted operating profit. Disciplined pricing, favorable customer and product mix, combined with improved operational performance, drove increased profitability. ![]() International adjusted operating profit was up 16%, to $624 million, in the fourth quarter, led by strong performance in Europe. On a reported basis, operating profit increased $840 million, or 189% with operating margin of 12.5%, as a result of the mark-to-market pension entries mentioned above. The company’s focus on revenue quality, combined with better network performance, resulted in improved operating leverage this quarter. Operating margin expanded 170 basis points, to 13.1%, on an adjusted basis. UPS completed deliveries to more than 1.9 million new addresses during December, demonstrating the growing influence of online retail.Īdjusted operating profit increased $209 million, or more than 18% over the fourth-quarter 2014 adjusted results. Deferred Air products soared 15% and Next Day Air was up 10% over the same period last year. Strong demand from ecommerce shippers contributed to a 2.4% increase in average daily shipments. Base rates driven by company actions remain strong while changes in fuel surcharges and customer mix lowered revenue-per-package growth. Revenue per package increased slightly to $8.89. Lower fuel surcharge rates reduced revenue growth by about 250 basis points. Domestic revenue increased 2.6%, to $10.3 billion. ![]() UPS also repurchased 27 million shares for approximately $2.7 billion. The company paid dividends of $2.5 billion, an increase of 9.0% per share over the prior year. 31, UPS generated $5.0 billion in free cash flow. During peak season 2015, UPS delivered 612 million packages.įor the year ended Dec. For calendar year 2015, the company delivered 4.7 billion packages, up 2.1% over 2014. UPS delivered 1.3 billion packages during the fourth quarter, an increase of 1.8% over the same period last year. In the prior-year period, the company reported non-cash, after-tax charges of $692 million related to pension mark-to-market charges and the transfer of certain healthcare liabilities. Fourth quarter 2015 results include a $79 million non-cash, after-tax, mark-to-market pension charge to recognize lower-than-planned asset returns that were somewhat offset by a higher discount rate. Fourth-quarter GAAP diluted earnings per share were $1.48 compared to the fourth-quarter 2014 diluted earnings per share of $0.49. On a reported basis, diluted earnings per share for 2015 were $5.35 compared to $3.28 in 2014. “This year’s results build on our multi-year strategy to deliver improved shareowner value.” “Our flexible integrated network, close collaboration with customers and the extraordinary efforts of UPSers enabled us to achieve great service and record financial performance this quarter,” said David Abney, UPS chief executive officer. Revenue management initiatives continue to improve base rates across all segments. On a currency-neutral basis, revenue was up 2.4% compared to the same period last year. Revenue growth was slowed by currency translations and lower fuel surcharges. Total revenue in the fourth quarter rose slightly, to $16.1 billion. Included in these results were several discrete tax credits that increased the earnings per share by about $0.07 for the quarter and a total of $0. All three business segments expanded operating margins and generated double-digit operating profit growth.įor the full year, UPS achieved adjusted diluted earnings per share of $5.43, an increase of 14% over 2014 adjusted results. ![]() 02, 2016 (GLOBE NEWSWIRE) - UPS (NYSE:UPS) today announced fourth-quarter 2015 adjusted diluted earnings per share of $1.57, a 26% increase over adjusted fourth-quarter 2014 results. Announces Full-Year 2016 EPS Guidance of $5.70 to $5.90ĪTLANTA, Feb.Record International Operating Profit of $2.2 Billion in 2015, Led by the Europe Region.2015 EPS Up 14%, Reaches All-Time High of $5.43.4Q Revenue Dampened by Changes in Fuel and Currency.4Q Double-Digit Operating Profit Growth and Expanded Operating Margins in All Three Segments.Generates Highest-Ever 4Q EPS of $1.57, Up 26%.
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