The company said consolidated revenue for Q1 2024 was $21.7 billion, a 5.3% decrease from Q1 2023, and consolidated operating profit was $1.6 billion, down 36.5%. Diluted earnings per share were $1.30.

1. 01

   The company said consolidated revenue for Q1 2024 was $21.7 billion, a 5.3% decrease from Q1 2023, and consolidated operating profit was $1.6 billion, down 36.5%. Diluted earnings per share were $1.30.

2. 02

   The company said its GAAP results for Q1 2024 included a total charge of $110 million ($0.13 per diluted share), consisting of an after-tax transformation and other charge of $75 million and a non-cash, after-tax impairment charge of $35 million. The company attributed the impairment to its plans to consolidate certain acquired brands within its healthcare portfolio.

3. 03

   United Parcel Service said U.S. Domestic revenue for Q1 2024 fell 5.0% to $14,234 (in millions), with operating profit of $825 (in millions). International revenue fell 6.3% to $4,256 (in millions), and operating profit was $656 (in millions).

4. 04

   The company said it reaffirmed its 2024 full-year consolidated financial targets: consolidated revenue of approximately $92.0 billion to $94.5 billion, a consolidated adjusted operating margin of approximately 10.0% to 10.6%, and capital expenditures of approximately $4.5 billion.

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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