UPS to acquire MNX Global Logistics
PRESS RELEASE SEPTEMBER 28, 2023 7:45AM EDT UPS to Acquire MNX in Strategic Move to Expand Global ...
SEEKING ALPHA reports:
– UPS (NYSE:UPS): Q3 Non-GAAP EPS of $2.71 beats by $0.16; GAAP EPS of $2.65 beats by $0.10.
– Revenue of $23.2B (+9.2% Y/Y) beats by $630M…
The full post can be read here (free reg. is required).
“I want to thank all UPSers for delivering what matters with great service to our customers,” said CEO Carol Tomé in her prepared remarks today.
“The actions we are taking under our better not bigger strategic framework to improve revenue quality, enhance productivity and remain disciplined on capital allocation are driving our positive financial performance.”
The full release can be downloaded here (contains new adjusted operating margin/ROIC guidance).
Stock price action: UPS up 4% to $212.25 in pre-market trade.
Knights of Old parent enters administration, but sister firm Nelson is saved
EXCLUSIVE: UPS rumoured to have eyes on DB Schenker
Flexport fires CFO and HR VP, but sees need for a head of restructuring
Maersk and Hapag-Lloyd offer their guides to 2024 ETS surcharges
'Peak season already over' as ocean freight rates collapse further
150,000 empty containers stranded in Russia as trade imbalance grows
Manufacturing boom in India drives up intra-Asia freight rates
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article