UPS第三季度营收229亿美元增6.7%：调整后每股收益1.69美元超预期，全年指引上调至926亿美元
联合包裹服务公司（UPS）10月27日发布第三季度财报：当季综合营收229亿美元，同比增长6.7%，高于市场预期；营业利润17亿美元，非 GAAP 调整后营业利润21亿美元；摊薄每股收益1.37美元，非 GAAP 调整后摊薄每股收益1.69美元，高于分析师预期的1.63美元，但低于去年同期的1.74美元。
当季 GAAP 业绩包含一笔2.79亿美元（每股0.32美元）的净费用，其中包括1.30亿美元税后转型战略成本与供应链解决方案部门1.82亿美元的商誉减值，部分被出售 MD-11 资产所得的3,300万美元收益抵消。分部门看，美国国内包裹营收148.65亿美元，同比增长4.5%，由单件收入增长6.1%带动；国际包裹营收增长7.1%；供应链解决方案营收增长18.2%，但其调整后营业利润由去年同期的5.36亿美元降至2.74亿美元。
UPS 同日上调2026年全年指引：综合营收约926亿美元（此前约912亿美元），调整后营业利润约87.5亿美元，调整后摊薄每股收益约7.28美元（此前7.22美元），调整后自由现金流约61亿美元；全年资本支出约30亿美元、股息支付约54亿美元的预期维持不变。公司预计第四季度综合营收约257亿美元、调整后营业利润约33亿美元。
首席执行官 Carol Tomé 在业绩稿中表示，第三季度业绩显示公司基本面持续增强，动力来自高端业务增长与网络效率提升；公司正以「历史上最自动化、最高效的网络」迎接假日运输旺季，并基于业务势头上调全年财务指引。据路透社报道，UPS 正缩减为其最大客户 Amazon 递送的低利润包裹量，并推进设施关闭与裁员以改善利润率，其全年30亿美元成本节约目标正按计划推进。
UPS Q3 Revenue Rises 6.7% to $22.9 Billion: Adjusted EPS of $1.69 Beats Estimates as Full-Year Guidance Is Raised
United Parcel Service (UPS) reported third-quarter results on October 27: consolidated revenue was $22.9 billion, up 6.7% from a year earlier and above market expectations. Operating profit was $1.7 billion, or $2.1 billion on a non-GAAP adjusted basis. Diluted earnings per share were $1.37, and non-GAAP adjusted diluted EPS was $1.69, beating the $1.63 analyst consensus but below the $1.74 reported a year ago.
GAAP results included a net charge of $279 million, or $0.32 per diluted share, comprising $130 million in after-tax transformation strategy costs and a $182 million goodwill impairment in Supply Chain Solutions, partly offset by a $33 million gain on the sale of MD-11 assets. By segment, U.S. Domestic revenue rose 4.5% to $14.865 billion, driven by a 6.1% increase in revenue per piece; International revenue rose 7.1%; and Supply Chain Solutions revenue rose 18.2%, although that segment's adjusted operating profit fell to $274 million from $536 million a year earlier.
UPS also raised its full-year 2026 guidance: consolidated revenue of approximately $92.6 billion (up from about $91.2 billion), adjusted operating profit of about $8.75 billion, adjusted diluted EPS of about $7.28 (up from $7.22), and adjusted free cash flow of roughly $6.1 billion, while keeping capital expenditures of about $3 billion and dividend payments of around $5.4 billion unchanged. For the fourth quarter, the company expects revenue of approximately $25.7 billion and adjusted operating profit of about $3.3 billion.
In the earnings release, CEO Carol Tomé said the third-quarter results demonstrated the continued strengthening of the company's business fundamentals, driven by premium growth and greater network efficiency, and that UPS was entering the holiday shipping season 'with the most automated and efficient network in our history.' According to Reuters, UPS has been scaling back lower-margin deliveries for Amazon, its largest customer, and closing facilities and cutting jobs to improve margins, while remaining on track to meet its $3 billion cost-savings target for the year.
来源：GSM·美国（原文链接）
图片来源：图：UPS 干线司机与半挂车，摄于 Texas 州 Arlington（美国农业部 USDA，公共领域）。Image: A UPS feeder driver with a semi-trailer truck in Arlington, Texas (U.S. Department of Agriculture, public domain).
