United Parcel's revenue in the first quarter of 2021 is 22.9 billion U.S. dollars, a year-on-year increase of 27%

United Parcel Service (UPS) disclosed its first quarter earnings report. The report shows that the company’s revenue for the first quarter of 2021 was US$22.9 billion, a year-on-year increase of 27%; net profit was US$4.792 billion; operating profit was US$2.8 billion, a year-on-year increase of 158%; diluted earnings per share were US$5.47. A year-on-year increase of 393%. In addition, during the quarter, UPS's comprehensive daily average parcel volume increased by 14.3% year-on-year.
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By sector, during the reporting period, the company’s revenue from the US sector was US$14.01 billion, a year-on-year increase of 22.3%; revenue from the international sector was US$46.07, a year-on-year increase of 36.2%; revenue from the supply chain and freight sector It was US$4.291 billion, a year-on-year increase of 34.3%.
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The company expects capital expenditures in 2021 to be approximately US$4 billion; it is expected to complete the sale of its freight company UPS Freight in the second quarter; total long-term debt repayments will reach US$2.5 billion, including US$1.5 billion repaid in the first quarter. At the same time, the company has no plans to repurchase shares.

At the beginning of the US stock market, United Parcel's share price rose. As of 21:52 Beijing time, the stock rose 11.68% to $196.39.
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