MAAT INDEX

CLAIM #60160 · United Parcel Service Inc (UPS) · 2023Q3 earnings call · Oct 26, 2023 · due Dec 31, 2023

We have nothing else planned, Brian, today. So we'll be buying MNX and Happy Returns this quarter, and it's about $1.3 billion in total that we'll be spending on those two companies.

Carol Tome · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

r next question will come from the line of Brian Ossenbeck of JPMorgan. Please go ahead. Brian Ossenbeck: Hey, good morning. Thanks for taking my questions. Maybe just two quick follow-ups actually. Can you talk about the pace of getting the share back, is you go into the fourth-quarter. Do you think, perhaps, you have the lower-hanging fruit easier ones to convert back, do you think that those came back sooner and maybe the pace from here just little bit harder. And then on the buybacks, you mentioned you're cutting your list your staffing the buyback for the quarter. You've got two acquisitions targeted. I just wanted to make sure I was clear in terms of what these are, if those were the Happy Returns and MNX or if there is potentially something else that was on the horizon. Carol Tome: We have nothing else planned, Brian, today. So we'll be buying MNX and Happy Returns this quarter, and it's about $1.3 billion in total that we'll be spending on those two companies. In terms of the pace of getting share. As I mentioned earlier is accelerating because of the fact that the peak is nearly on us. So people want to come into the network. Here's the truth though. It does take time to come back in. I get weekly updates Fernando and the team, from Kate and the team about how is the volume coming back in. And I see that, oh, we've gotten a handshake. We've got an agreement from a customer that's coming back in. And then I see it takes 30 days to get it back into on-car. And so now I'm like I want photos when it's on car because I want to make sure that's actually in the network. And that's what we're getting. We're having some fun with that actually because we're seeing it. picked up from our competitors. That's always done when you're picking up volume from

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