The company’s net income for the period ending June 30 fell to $604 million, or 71 cents per share, a sharp decline from the $1.28 billion reported during the same quarter last year. However, when stripping away one-time costs, the firm’s adjusted profit climbed to $1.5 billion. CEO Carol Tomé signaled that the company has gained momentum entering the second half of the year, citing a significant shift in performance metrics and growth in consolidated revenue.
Driving this turnaround is a reconfiguration of the company’s logistics network, which has already yielded $1.2 billion in program benefits. UPS management expects those gains to reach $3 billion by year-end. Growth was particularly visible across key segments: domestic revenue climbed 6% due to higher revenue per piece, while international revenue jumped 12.5%. The supply chain division also saw a 7.8% increase, bolstered by deeper penetration into the healthcare logistics sector. Looking ahead, the company projects full-year consolidated revenue of $91.2 billion and adjusted diluted earnings per share of approximately $7.22.
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