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Last $96.64 USD
Change Today -0.82 / -0.84%
Volume 3.3M
As of 6:40 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

united parcel service-cl b (UPS) Key Developments

A.G. Schneiderman & NYC Corporation Counsel Carter Announce Lawsuit Against United Parcel Service, Inc

Attorney General Eric T. Schneiderman and New York City Corporation Counsel Zachary W. Carter announced the filing of a multimillion-dollar lawsuit alleging that United Parcel Service, Inc. unlawfully shipped over 136 million contraband cigarettes - or nearly 700,000 untaxed cartons -- across New York State in violation of federal and state laws. The lawsuit was jointly filed in federal court in Manhattan by the State of New York and City of New York. The joint complaint against UPS alleges that, between at least 2010 and 2014, the company made more than 78,500 illegal shipments of cigarettes to consumers and other unauthorized recipients in New York State, amounting to over 683,000 cartons of untaxed cigarettes and a direct tax loss to the state and city of over $29.7 million and $4.7 million, respectively. The lawsuit maintains that the shipments were in clear violation of both federal and state laws, as well as a settlement UPS entered into with the New York State Attorney General's Office in 2005, in which UPS agreed to cease all cigarette deliveries to unauthorized recipients, such as residences and unlicensed dealers, both in New York and throughout the country. The lawsuit further alleges that the company engaged in a pattern of racketeering activity with various cigarette dealers to traffic contraband cigarettes in violation of the federal anti-racketeering statute.

UPS Declares Quarterly Dividend, Payable on March 10, 2015

UPS Board of Directors declared a regular quarterly dividend of $0.73 per share on all outstanding Class A and Class B shares. The dividend increase is in recognition of the company's solid cash flow performance and commitment to delivering shareowner value. The dividend is payable March 10, 2015, to shareowners of record on Feb. 23, 2015.

UPS Announces the Expansion of its Ups Temperature True Packaging Service

UPS announced the expansion of its UPS Temperature True Packaging service, which further broadens the scope of its cold-chain shipping offerings. The comprehensive service now includes expert consultation, package procurement and, in a company first, four new off-the-shelf, specially designed packaging lines available exclusively to UPS customers. Each of the new convenient cold-chain packaging lines was engineered, tested and pre-qualified by the manufacturer for use in UPS's U.S. domestic network and designed to fit customers' budget and risk-mitigation requirements. UPS professionals help customers select and procure the right cold-chain packaging built to meet appropriate levels of safety and protection standards. In addition to the four new U.S. domestic package options, UPS Temperature TruePackaging includes in-house UPS experts based in the U.S., Europe and Asia Pacific to help customers build their packaging strategies and optimize package engineering and validation through Design Qualification, Operational Qualification and Performance Qualification protocols. The UPS Temperature True portfolio offers temperature-sensitive storage and transportation solutions, consultative expertise and services, ranging from Controlled Room Temperature to cryogenic (-150 °C), tailored for companies in the pharmaceutical, biotech, medical device and life sciences industries. UPS Temperature Tru Packaging follows the recent launches of UPS Temperature True Cryo and three new UPS Temperature True freight service levels that allow for different time-in-transit and control options for bulk shipments. These services are complemented by proactive monitoring and intervention technologies, extensive regulatory expertise and a global network of 49 UPS healthcare-dedicated facilities.

United Parcel Service, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for 2015

United Parcel Service, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total revenue was $15,895 million against $14,976 million last year. Total operating profit was $754 million against $1,908 million last year. Income before income taxes was $662 million against $1,824 million last year. Net income was $453 million or $0.49 per diluted share against $1,167 million or $1.25 per diluted share last year. Adjusted operating profit was $1,852 million against $1,90 million last year. Adjusted income before income taxes was $1,760 million against $1,824 million last year. Adjusted net income was $1,145 million or $1.25 per diluted share against $1,167 million or $1.25 per diluted share last year. For the year, total revenue was $58,232 million against $55,438 million last year. Total operating profit was $4,968 million against $7,034 million last year. Income before income taxes was $4,637 million against $6,674 million last year. Net income was $3,032 million or $3.28 per diluted share against $4,372 million or $4.61 per diluted share last year. Adjusted operating profit was $7,132 million against $7,073 million last year. Adjusted income before income taxes was $6,801 million against $6,713 million last year. Adjusted net income was $4,389 million or $4.75 per diluted share against $4,336 million or $4.57 per diluted share last year. Net cash from operations was $5,743 million. Capital expenditures were $2,346 million. For the full year of 2015, the company expects diluted earnings per share of $5.05 to $5.30, a 6%-to-12% increase over 2014 adjusted results.

UPS Provides Earnings Guidance for the Fourth Quarter of 2014 and for the Year 2015; Revises Earnings Guidance for the Year 2014

UPS announced that it anticipates fourth quarter 2014 adjusted diluted earnings per share of approximately $1.25. Full-year 2014 the company’s 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. The company now anticipates 2015 diluted earnings per share growth to be slightly less than its long-term target of 9%-to-13%.

 

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Industry Analysis

UPS

Industry Average

Valuation UPS Industry Range
Price/Earnings 29.7x
Price/Sales 1.5x
Price/Book 41.2x
Price/Cash Flow 17.7x
TEV/Sales 1.3x
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