Overview

• UPS generated $21.2 billion in second-quarter revenue, surpassing analysts’ $20.87 billion forecast, while adjusted EPS of $1.55 fell short of the $1.57 estimate.
• U.S. average daily package volumes declined 7.3% year over year as the company shifted away from low-margin segments and introduced price increases.
• China–U.S. trade-lane volumes dropped 34.8% in May and June due to new tariffs and the removal of the de minimis exemption on small parcels.
• The company plans roughly $3.5 billion in capital expenditures for 2025, intends to pay $5.5 billion in dividends, and has completed $1 billion in share buybacks.
• UPS shares fell about 10% on July 29 following the mixed results, and executives reaffirmed a $3.5 billion cost-savings goal under its ongoing transformation programs.