Overview
- UPS beat Wall Street forecasts with adjusted earnings of $1.07 per share versus $1.02 expected and revenue of $21.2 billion versus $20.99 billion, according to LSEG.
- Net income fell to $864 million from $1.19 billion a year earlier, and the adjusted operating margin narrowed to 6.2% from 8.2%.
- U.S. domestic revenue declined 2.3% as parcel volumes came in lower, which the company said it had anticipated.
- UPS reported $600 million in first‑quarter savings from its network efficiency program, part of a drive to automate facilities and reach $3 billion in 2026 savings.
- The company reaffirmed its 2026 outlook for $89.7 billion in revenue and a 9.6% adjusted operating margin, and CEO Carol Tomé said revenue, profit, and margins should improve in the second quarter.