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CLAIM #60314 · United Parcel Service Inc (UPS) · 2024Q3 earnings call · Oct 24, 2024 · due Dec 31, 2024

At the consolidated level, we now expect full year revenue of approximately $91.1 billion.

Brian Dykes · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

, including our annual pension contribution of $1.4 billion. We refinanced $1.5 billion in current maturities year-to-date, and we finished the quarter with strong liquidity and no outstanding commercial paper. So far this year, UPS has paid $4 billion in dividends. And lastly, we've completed our targeted $500 million share repurchase program in the third quarter, which brings us to our outlook. In July, we provided an update to our full year financial targets based on global economic forecast and our performance in the first half of the year. Now looking ahead at the full year, we have updated our outlook to reflect three things. First, our third-quarter results and the focus on revenue quality; second, the sale of Coyote; and finally, new softer peak volume forecast from our customers. At the consolidated level, we now expect full year revenue of approximately $91.1 billion. Due to our focus on revenue quality, coupled with the efficiency of our integrated network and our ability to manage costs, we are lifting our consolidated operating margin expectation to approximately 9.6% to align with these new volume and revenue expectations. Now looking at the segments in the fourth quarter. Starting with U.S. domestic, we expect the combination of both volume and revenue per piece growth to increase revenue by 1.5% in the fourth quarter. We expect to generate a fourth quarter operating margin of approximately 9.5%, and we now expect the operating margin in December to be slightly higher than 10%. Looking at International. We expect the positive volume momentum we've experienced throughout the year will continue. With that in mind, we expect fourth-quarter revenue gr

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SEC filings for UPS · Claim quote is verbatim from the 2024Q3 earnings call.