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CLAIM #60229 · United Parcel Service Inc (UPS) · 2024Q1 earnings call · Apr 23, 2024 · due Dec 31, 2024

So we anticipate that the international business and our planning for the international business to be in the high teens as we told to.

Carol Tome · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

reat. Good morning. Just international margins were a bit lower than we expected. Just maybe thoughts on increased costs. It sounded like you threw out some impacts of near-sourcing. And then, I guess, Brian, just a clarification. You said you’re moving the U.S. Postal Services will be listed in SCS and benefiting domestic. I just want to understand, are you shifting costs then out of domestic into SCS? Or maybe just clarify that comment there. Carol Tome : Well, first on the international margin, I think Keith did a terrific job of managing costs in an environment where demand was down. There was a onetime item that we didn’t call out in our prepared remarks. But if you back out that onetime item, the international margin would 17%. The first quarter is usually our lowest margin quarter. So we anticipate that the international business and our planning for the international business to be in the high teens as we told to. Brian Newman : And then on the tonnage in terms of USPS comes in through SCS other. But because we’re using a lot of the U.S. assets, we allocate cost to that business, and that will have a positive benefit on the domestic margin. Ken Hoexter : And can you clarify what the one item was there? Carol Tome : It was a cleanup really in our revenue data mark, we just had some accounts we wrote off. Ken Hoexter : Thanks a lot for the time. Appreciate it. Carol Tome : Yes. Operator: We have a question from the line of David Vernon of Bernstein. Please go ahead. David Vernon : Hey, good morning. I got a couple of quick commercial questions for you. Can you talk about how the volume outlook outside issuer post is shaping up? I think you mentioned in a couple of pockets, the second derivative is ge

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SEC filings for UPS · Claim quote is verbatim from the 2024Q1 earnings call.