UPS (UPS) Tops Q2 EPS by 25c

UPS (NYSE: UPS) reported Q2 EPS of $3.06, $0.25 better than the analyst estimate of $2.81. Revenue for the quarter came in at $23.4 billion versus the consensus estimate of $23.24 billion.

Outlook

For 2021, the company is projecting consolidated operating margin of approximately 12.7% and return on invested capital of approximately 28%. Further, the company is reaffirming its capital allocation plans for 2021:

• Capital expenditures are planned to be about $4.0 billion.
• Long-term debt repayments of $2.55 billion have been completed.
• Effective tax rate for the remainder of the year is expected to be around 23%.

For earnings history and earnings-related data on UPS (UPS) click here.

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