By press time on April 30, the United Parcel Service (NYSE: UPS) – or rather, UPS workers – was the first major casualty of the escalating 2025 trade war.
United Parcel Service' first-quarter 2025 earnings increase year over year while revenues decrease.
United Parcel Service, Inc. (NYSE:UPS ) Q1 2025 Earnings Conference Call April 29, 2025 8:30 AM ET Company Participants PJ Guido - IR Officer Carol Tome - CEO Brian Dykes - EVP and CFO Nando Cesarone - EVP and President U.S. Kate Gutmann - EVP and President International, Healthcare and Supply Chain Solutions Conference Call Participants Tom Wadewitz - UBS Ariel Rosa - Citigroup Scott Group - Wolfe Research Jordan Alliger - Goldman Sachs David Vernon - Bernstein Chris Wetherbee - Wells Fargo Ken Hoexter - Bank of America Jason Seidl - TD Cowen Stephanie Moore - Jefferies Brian Ossenbeck - J.P. Morgan Bruce Chan - Stifel Operator Good morning.
United Parcel Service (UPS) entered 2025 navigating the currents of a rapidly evolving logistics landscape. “We are focusing on controlling what we can control and executing our strategy to improve long-term profitability,” UPS CFO Brian Dykes told investors on Tuesday's (April 29) first-quarter 2025 earnings call.
UPS announced it's cutting 20,000 jobs and shuttering 73 of its facilities as it cuts costs as part of a reduction in Amazon shipments, while also facing economic uncertainty.
The headline numbers for UPS (UPS) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares in UPS ticked up less than 1% premarket after the company said it expects to save $3.5 billion this year from the job cuts and by shutting 73 leased and owned buildings by the end of June.
United Parcel Service (UPS) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.43 per share a year ago.
United Parcel Service declined to update its outlook for the year due to uncertainty in the current macroeconomic environment even as results in its latest quarter came in above expectations.
Shares of United Parcel Service (UPS) surged in premarket Tuesday after the shipping giant's first-quarter results topped analysts' estimates.
The shipping company posted an earnings beat, but said it would not update its full-year outlook due to tariff uncertainty.
UPS and Figure AI are reportedly considering a partnership in which the robotics startup's humanoid robots would perform some tasks in the logistics company's operations. Discussions between the two companies are ongoing, Bloomberg reported Monday (April 28), citing unnamed sources.