UPS: Best First Quarter Ever
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.
Do you like this post?
Recent News
Yellow Trims Losses: Best Quarter in Six Years
May 12, 2022
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Profits Up
May 11, 2022
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.