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UPS Completed Its Amazon Volume Pullback. Is the Turnaround Finally Working?
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Adjusted domestic operating profit increased 21%, lifting the segment’s adjusted margin to 8% from roughly 7% a year earlier.
Adjusted operating profit increased to $1.19 billion from $982 million, and the segment added approximately one percentage point of adjusted margin.
Revenue grew 7.6%, adjusted operating profit increased 12% to $2.10 billion, and adjusted operating margin expanded to 9.2% from 8.8%.
The adjusted domestic margin improved to 8%, but that still leaves a wide gap with the International segment’s 12.4%.
Domestic volume declined, but revenue, adjusted operating profit and margin all increased.