April 22, 2006: UPS reports first-quarter after-tax profits of $975million, up 10.5 percent over last year, and revenue of $11.5 billion, up 16.5 percent. U.S. package volume grew 6.8 percent to 848,000 packages per day. Corporate cash-flow was very strong; free cash was used to buy back more than 11 million outstanding shares of stock.