MAAT INDEX

CLAIM #60153 · United Parcel Service Inc (UPS) · 2023Q3 earnings call · Oct 26, 2023 · due Dec 31, 2023

We're looking in the fourth quarter to step back up into that high-single-digit, low-double-digit range.

Brian O. Newman · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

out what your -- the margin expectations are for each of the segments in Q4? Just -- I wasn't sure what you were -- what you're thinking for each business. Margin or profit, however you want to answer, yeah. Brian Newman: I have a walk in front of me for the high end and the low end, so I can give it to either range, and I think it's retail backdrop uncertainty that drives the delta in volume, which drives the delta in profit. So, it's the same levers. It's the volume and the revenue quality, really driving the majority at a higher component, at the high end versus the $800 million I referenced at the lower end. So net-net, I think from a margin shape standpoint, we finished Q3 mid-single-digit in the US. Obviously, that's a very low watermark, driven by the volumes we saw in the quarter. We're looking in the fourth quarter to step back up into that high-single-digit, low-double-digit range. And so, getting back to the trajectory, and then from an international perspective, we were at 15.8% in the third quarter. I think Kate and the team have planned largely through controlling what we can control, whether it's block hours, whether it's headcount. Taking that and they've done a good job of demonstrating that Q1 was 18% margin International, Q2 was a 20%, so we're probably in the middle of that range for the fourth quarter. Hopefully that helps. Scott Group: Thank you. Brian Newman: Yeah. Operator: Our next question will come from the line of Amit Mehrotra of Deutsche Bank. Please go ahead. Amit Mehrotra: Thank you, operator. Hi, everybody. I guess maybe just a very simple question, I guess, is when do we return to margin expansion in domestic? I mean RPP, CPP spread was reall

Verify independently

SEC filings for UPS · Claim quote is verbatim from the 2023Q3 earnings call.