UPS announces record first-quarter financial results

© Alexey Novikov

UPS’s first-quarter results have rather been overshadowed by today’s DSV’s news, but the parcel expert enjoyed “record financial results” and winning “the best opportunities”.

The headline numbers are consolidated revenues of $22.9bn, up 27% year on year, with daily volumes up 14%, while consolidated operating profit came in at a healthy $2.8bn, up 158%. You can read the full figures here.

Carol Tomé, UPS CEO, said: “During the quarter, we continued to execute our strategy under the better-not-bigger framework, which enabled us to win the best opportunities in the market and drove record financial results.”