The company said consolidated revenue for Q4 2023 was $24.9 billion, down 7.8% from Q4 2022, and consolidated operating profit was $2.5 billion, down 22.5% (27.1% on an adjusted basis).

1. 01

   The company said consolidated revenue for Q4 2023 was $24.9 billion, down 7.8% from Q4 2022, and consolidated operating profit was $2.5 billion, down 22.5% (27.1% on an adjusted basis).

2. 02

   UPS said GAAP results for Q4 2023 included a total charge of $512 million ($0.60 per diluted share). It said the charge consisted of a non-cash, after-tax pension mark-to-market charge of $274 million, after-tax transformation and other charges of $154 million, and a non-cash, after-tax impairment charge of $84 million for its Coyote trade name.

3. 03

   The company said cash from operations for 2023 was $10.2 billion and free cash flow was $5.3 billion. It said it returned $7.6 billion to shareowners through dividends and share buybacks.

4. 04

   The company expects full-year 2024 revenue of approximately $92.0 billion to $94.5 billion and consolidated adjusted operating margin of approximately 10.0% to 10.6%. It said it is planning capital expenditures of about $4.5 billion and dividend payments of around $5.4 billion, subject to board approval.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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