UPS 4th quarter shows 10% revenue gain
UPS today reported a solid revenue gain of 10.2% in its fourth quarter and earnings of USD0.76 per diluted share, up 1.3% compared to the prior-year period. For the full year, revenue increased to a record USD36.6 billion while net income climbed 15%. Consolidated revenue for the three months ended Dec. 31, 2004, rose to USD9.84 billion, with strong double-digit growth reported by the international and non-package segments and a 6.6% increase by the US domestic segment. “Our global small package business remains strong and 2004 was an excellent year,” said Scott Davis, UPS’s chief financial officer. “UPS delivered almost 3.6 billion packages in 2004 – the most in our history – although we were disappointed with our US ground volume growth in the fourth quarter. As a result, we will focus several new efforts in this area in the coming months.”
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