The coronavirus outbreak has led to a boom in home deliveries of everything ranging from food to furniture and electronics and exercise equipment, as lockdown measures keep people at home. See the appendix to this release for a discussion of non-GAAP financial measures, including a reconciliation to the most closely correlated GAAP measure. To ship with UPS, visit ups.com/ship. July 30, 2020 8:30 AM ET. UPS reported Q2 2020 earnings on July 30. Do the numbers hold clues to what lies ahead for the stock? Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience, present expectations or anticipated results. UPS Releases 2Q 2020 Earnings. Revenue rose 13.4% to $20.46 billion, beating estimates of $17.48 billion, according to IBES data from Refinitiv. United Parcel Service, Inc. (NYSE:UPS) Q2 2020 Earnings Conference Call. Effective January 1, 2020, we began evaluating our segments using pension discount rate-neutral operating profit in addition to our current segment operating profit measure. ... the quarter was more than offset by the increase in pay-ups and higher dollar prices on these assets. Scott Childress – Investor Relations. Data is a real-time snapshot *Data is delayed at least 15 minutes. YTD Cash from Operations of $5.9B; Adjusted Free Cash Flow of $3.9B. 2Q20 Diluted EPS of $2.03, Up 4.6%; Adjusted* Diluted EPS up 8.7% to $2.13. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. (1) Reflects other employee benefits costs of $93 million and other costs of $64 million. All Rights Reserved. Brookline Bancorp Inc (BRKL) Q2 2020 Earnings Call Transcript BRKL earnings call for the period ending June 30, 2020. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. Earnings however declined 35.3% from the year-ago period. Reconciliation of Non-GAAP Pension Discount Rate Neutral Operating Profit and Margin(in millions): (2) Amounts adjusted for transformation strategy cost and period over period impact of discount rates on pension service cost, (2) Amounts adjusted for transformation strategy costs and period over period impact of discount rates on pension service cost. Carol Tomé, CEO. Demand for domestic residential delivery surged in the quarter, driving consumer shipments up 65.2%, the company said. Â, Diluted earnings per share was $2.03 and adjusted diluted earnings per share was $2.13, up 8.7% from the same period last year.  GAAP results included a pre-tax transformation charge of $112 million, equivalent to $0.10 per share.  In the prior year period, GAAP results included a pre-tax charge for transformation costs of $21 million, equivalent to $0.02 per share.Â, “Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments and strong outbound demand from Asia,” said Carol Tomé, UPS chief executive officer.  “UPSers are keeping the world moving during this time of need and I want to thank our team for their hard work and outstanding efforts to serve our customers, our communities and each other.”. United Parcel Service, Inc. 2020 Q2 - Results - Earnings Call Presentation Fri, Jul. The third quarter of 2020 was a record one for international operating profit, which rose 40% compared to the same period last year. This release, our Annual Report on Form 10-K for the year ended December 31, 2019 and our other filings with the Securities and Exchange Commission contain and refer to “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. UPS Releases 2Q 2020 Earnings. The company can be found on the web at ups.com  or pressroom.ups.com  and its corporate blog can be found at ups.com/longitudes The company’s sustainability eNewsletter, UPS Horizons, can be found at ups.com/sustainabilitynewsletter. Average daily volume grew 9.8%, driven by strong outbound demand from. ATLANTA, July 30, 2020 (GLOBE NEWSWIRE) --, UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019.  Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. Such statements may relate to our intent, belief and current expectations about our strategic direction, prospects and future results, and give our current expectations or forecasts of future events; they do not relate strictly to historical or current facts. Back to UPS Overview *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. UPS Releases 2Q 2020 Earnings. United Parcel Service (NYSE: UPS) is scheduled to announce Q2 earnings results on Thursday, July 30th, before market open.  Operating profit was $2.2 billion, and adjusted operating profit was $2.3 billion, up 7.4% compared to last year’s second quarter. We wish David all the best. The difference between this derived amount and the current period reported service cost is the period over period impact of pension discount rate movements on operating profit. Historical Financials. Reconciliation of GAAP and non-GAAP Financial Measures, We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP financial measures, including "adjusted" compensation and benefits, operating profit, operating margin, other income (expense), income before income taxes, income tax expense, effective tax rate, net income and earnings per share. Average daily volume increased 22.8%, reaching 21.1 million packages per day. Carol Tomé – Chief Executive Officer Email Print Friendly Share. Third Quarter 2020 Earnings Results and Conference Call. From time to time, we also include forward-looking statements in other publicly disclosed materials. Free Cash Flow and Adjusted Capital Expenditures, We believe free cash flow, free cash flow excluding discretionary pension contributions and free cash flow adjusted for principal repayments of finance lease obligations are important indicators of how much cash is generated by regular business operations and we use them as a measure of incremental cash available to invest in our business, meet our debt obligations and return cash to shareowners. July 30, 2020 06:00 ET | Source: UPS. Pension discount rate-neutral operating profit is calculated by discounting the value of benefits attributable to employee service in the current period utilizing the prior year discount rate applicable to each of our company-sponsored defined benefit plans. United Parcel Service last announced its quarterly earnings data on October 28th, 2020. 2Q20 Diluted EPS of $2.03, Up 4.6%; Adjusted* Diluted EPS up 8.7% to $2.13. We want to hear from you. Free cash flow excluding discretionary pension contributions adds back any discretionary pension contributions made during the period.Â. The company earned $21.24 billion during the quarter, compared to analyst estimates of $20.08 billion. They reported a fantastic quarter, spurred by a delivery boom due to coronavirus. Executive Leadership Team & Board of Directors, Cash flows from operating activities (GAAP), Principal repayments of finance lease obligations, Adjusted capital expenditures (Non-GAAP measure), Adjusted free cash flow (Non-GAAP measure). The derived amounts are then multiplied by the average foreign exchange rates used to translate the comparable results for each month in the prior year period (including the period over period impact of foreign currency hedging activities). To get UPS news direct, follow @UPS_News on Twitter. IQVIA (IQV) Beats on Q2 Earnings, Revenues, Ups 2020 View - July 22, 2020 - Zacks.com Click here for Webcast. UPS (NYSE:UPS) today announced second-quarter 2020 … United Parcel Service (UPS - Free Report) is scheduled to report third-quarter 2020 earnings on Oct 28, before market open. You should consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of information contained in such forward-looking statements. Demand for residential delivery surged in the quarter, driving B2C shipment growth up 65.2%. July 30, 2020 at 8:30 AM EDT Click here for Webcast. UPS Releases 2Q 2020 Earnings ATLANTA , July 30, 2020 (GLOBE NEWSWIRE) -- Consolidated Average Daily Volume Surged to Record 20.9% Growth 2Q20 Diluted EPS of $2.03 , Up 4.6%; Adjusted* Diluted EPS up 8.7% to $2.13 YTD Cash from Operations of $5.9B ; Adjusted Free Cash Flow of $3.9B UPS … UPS Releases 2Q 2020 Earnings. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. IQVIA's (IQV) second-quarter 2020 revenues and earnings decrease year over year. So it stepped down from Q2 to Q3 by about 50%. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. Our non-GAAP financial information does not represent a comprehensive basis of accounting. Currency-neutral revenue, revenue per piece and operating profit are calculated by dividing current period reported U.S. dollar revenue, revenue per piece and operating profit by the current period average exchange rates to derive current period local currency revenue, revenue per piece and operating profit. Costs Related to Restructuring Programs; Transformation Strategy Costs. A United Parcel Service worker delivers packages in New York City. UPS CEO Carol Tomé and CFO Brian Newman will discuss second-quarter results with investors and analysts during a conference call at 8:30 a.m. United Parcel Service (UPS) Q2 2020 Earnings Call Transcript UPS earnings call for the period ending June 30, 2020. Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. United Parcel Service on Thursday topped Wall Street estimates for quarterly profit and revenue as the COVID-19 pandemic led to a surge in home deliveries and healthcare shipments. Shares are up 5.7% since reporting last quarter. United Parcel Service UPS is scheduled to report third-quarter 2020 earnings on Oct 28, before market open. Supporting Materials. Carol Tomé “…I’m honored to be hosting my first UPS earnings call. Got a confidential news tip? Atlanta-based UPS said net income rose 4.7% to $1.77 billion in the quarter ended June 30. UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. Financials 70.5 KB. Reconciliation of Non-GAAP Liquidity Measures(in millions): Copyright ©1994- 2020 United Parcel Service of America, Inc. All rights reserved. Operating margin was 9.0%; adjusted operating margin was 9.3%. 2Q20 Earnings Presentation. * “Adjusted” amounts are non-GAAP financial measures. Reconciliation of GAAP and Non-GAAP Income Statement(in millions, except per share amounts): (1) Reflects other employee benefits costs of $81 million and other costs of $31 million. We do not undertake any obligation to update forward-looking statements to reflect events, circumstances, changes in expectations, or the occurrence of unanticipated events after the date of those statements, except as required by law. We also supplement the reporting of revenue, revenue per piece and operating profit with non-GAAP measures that exclude the period-over-period impact of foreign currency exchange rate changes and hedging activities.  Additionally, we periodically disclose free cash flow, free cash flow excluding discretionary pension contributions, and capital expenditures including principal repayments of capital lease obligations. 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