- Service Levels Remain High Through Holiday Season
- Peak Season Operating Costs Higher than Expected
- Reduces FY2014 Adjusted EPS Estimate to $4.75
- Company Reports $670M After-Tax, Non-Cash Pension Charge
- 2015 Pension Expense and Currency Exchange to be Headwind
- UPS Projects 2015 EPS Growth Slightly Below Long-Term Guidance
UPS (NYSE:UPS) today announced that it anticipates fourth quarter 2014 adjusted diluted earnings per share of approximately $1.25. Full-year 2014 adjusted diluted earnings per share is expected to be $4.75, up 3.9% over 2013 adjusted diluted earnings per share of $4.57. On a GAAP basis, full-year 2014 diluted earnings are expected to be approximately $3.28 per share, compared to $4.61 in 2013.
Company earnings for 2014 were lower than previous guidance, primarily due to the underperformance of the U.S. Domestic segment. While package volume and revenue results were in line with expectations, operating profit was negatively impacted by higher than expected peak-related expenses.
Read more: ups.com