UPS has announced its Q4 2021 financial results. Consolidated revenue of $27.8bn was an 11.5% increase over the fourth quarter of 2020. Operating profit was up 91% compared to 2020, to $3.9bn, and up 37.7% on an adjusted basis. Diluted earnings per share were $3.52 for the quarter; adjusted diluted earnings per share were 35.0% above the same period in 2020.
Full year revenue amounted to $97.3bn, an increase of 15.0%. Operating profit was valued at $12.8bn, with adjusted operating profit at $13.1bn, up 50.8% from 2020. This created an operating margin of 13.2%, led by forwarding and logistics.
Domestically, UPS have seen high Q4 operating profits, rising by 40.7% to $2.1bn, with revenues also increasing by 11.03% to $17.7bn. The operating margin was 11.9%, with figures driven by a 10.5% increase in revenue per piece. Internationally, revenue has increased by 13.1% which has been driven by an increase of 16.4% in revenue per piece. Operating profit stood at $1.33bn for Q4, giving an operating margin of 24.6%.
Full-year domestic package revenue is at $60.32bn, an increase of 12.7% year-on-year. The international package is $19.54bn, citing a 22.6% increase from 2020, with supply chain solutions offering $17.4bn in revenue for 2021, an increase of 14.8%.
Supply chain solutions revenue increased by 6.7% to $4.68bn, with operating profit at $462m, a large recovery from the $358m losses seen in Q4 of 2020. The vast improvements in revenue and subsequently operating margin – now standing at 9.9% – have been led by forwarding and logistics, which grew by 28% in the year-on-year quarterly growth.
Source: UPS
