Overview

• UPS posted $21.2 billion in second-quarter revenue, topping analyst forecasts, while adjusted earnings per share of $1.55 narrowly missed the $1.57 consensus.
• Average daily U.S. package volumes fell 7.3% in Q2 and China–U.S. trade lane shipments plunged 34.8% as new tariffs and the end of the de minimis exemption weighed on demand.
• The company declined to provide annual revenue or profit guidance, citing an uncertain global trade environment and soft manufacturing activity.
• UPS plans to generate about $3.5 billion in savings by cutting 20,000 jobs, closing sort centers and other facilities, and overhauling its network.
• It expects roughly $3.5 billion in capital expenditures this year and has returned $5.5 billion in dividends plus $1 billion in share buybacks as its stock has dropped more than 20% year-to-date.