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UPS revenue see a double-digit record results in international sales

By Sasha Fedorenko January 31, 2019 - 3:22 pm

UPS revenue saw record results of $3.8m (£2.9m) delivered by double-digit profitability of international sales in Q4 2018 results. That’s up from $3.7m (£2.8m) on the same period last year.

The marketplace announced today their last quarter results which saw international sales soar up by 2.9% across all regions, with operating profits increased by 6.3%.

Our International segment produced record results highlighted by double-digit profitability in Europe. Our broad portfolio, diverse revenue base and flexible network help buffer the impacts of global economic softening. These strengths also position UPS to help customers navigate the current complexities of global trade.”
– David Abney, chairman and CEO, UPS

UPS domestic revenue collected $742m (£565m) in sales. That’s 6.3% higher than Q4 in 2017.

Premium Next Day sales experience a 10% boost, with product volume growth of 7.8% as customers selected faster delivery options. This suggests a higher adoption of a fast delivery option due to shoppers’ proclivity for accelerated shipping. While the consumers’ preference for fast delivery doesn’t come as a surprise as a result of the famous free two-day delivery service Amazon Prime, it signals to merchants their next actions.  On the other hand, this also shows that cross-border trading is gaining momentum as merchants are moving beyond their base to grab a share in new international markets.

To handle the trading peak, UPs opened 14 significant facilities in the US during the quarter. For the full year, UPS opened 22 new facilities worldwide.

Overall, the supplier saw a fourth-quarter revenue of $19.8m (£15.10m). That’s up by 4.6% on the year-on-year (YoY) basis from $18.9m (£14.41m) in Q4 2017.

We achieved our 2018 adjusted earnings-per-share goal by successfully executing transformation investments and initiatives that lifted revenue quality and improved efficiency. Our diverse portfolio, global footprint and flexible network position UPS for profitable growth in 2019 and beyond.
– David Abney, chairman and CEO, UPS

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