UPS's second-quarter revenue exceeds $23.4 billion!

It is learned that the United Parcel Service (UPS) of the United States announced second-quarter earnings that exceeded expectations, mainly due to e-commerce delivery, air delivery and delivery of healthcare products such as the new crown vaccine. The main results are:

• Revenue rose 14.5% to $23.42 billion, beating Wall Street expectations of $23.24 billion.

• Operating profit margin increased to 13.9% from 10.8% in the second quarter of last year.

• Net profit was US$2.676 billion, up 51.4% year-on-year.

• Revenue in its core market, the United States, increased by 10.2% to $14.4 billion, and operating profit margin increased from 7.3% in the second quarter of 2020 to 10.9% to $1.567 billion.

• Driven by strong delivery demand in the European market, the international division's revenue increased 30% to $4.817 billion and operating profit margin increased to 24.6% to $1.184 billion.

• Supply Chain and Freight revenue rose 14.3% to $4.205 billion, driven by strong demand across all businesses, while second-quarter operating profit soared 52.8% to $408 million (adjusted).

It was a record quarter for package delivery leader UPS as it generated its highest second-quarter revenue ever thanks to strong demand in both its U.S. domestic and international package divisions.

Editor ✎ Estella /

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