UPS ups net income, revenues in 2015

The Atlanta, Ga.-based parcel giant posted a net income of $4.8 billion on revenues of $58.4 billion for 2015, a year-over-year increase of 59.8 percent and 0.2 percent, respectively.    UPS increased its net income 59.8 percent year-over-year in 2015 to $4.8 billion, according to the company’s most recent unaudited financial statements.
   Likewise, the parcel giant increased diluted earnings per share in 2015 to $5.35 per diluted share, compared to $3.28 per diluted share in 2014. Revenues inched up 0.2 percent year-over-year in 2015 to $58.4 billion.
   Overall, UPS delivered a total of 4.7 billion packages throughout the year, a 2.1 percent increase from 2014.
   In the fourth quarter alone, the company’s net income reached $1.3 billion, a 193.8 percent year-over-year increase. UPS increased diluted earnings per share in the fourth quarter to $1.48 per diluted share, compared to $0.49 per diluted share in the fourth quarter of 2014. The 1 percent year-over-year growth in revenues to $16.1 billion for the quarter was slowed by currency translations and lower fuel surcharges, UPS said.
   The company delivered 1.3 billion packages throughout the quarter, a 1.8 percent increase from the fourth quarter of 2014.
   UPS’s U.S. Domestic Package segment posted revenues of $10.3 billion for the fourth quarter, a 2.6 percent year-over-year increase. Daily deliveries in the segment rose 2.4 percent from the fourth quarter of 2014, which UPS attributed to strong demand from ecommerce shippers. 
   Revenues in the International Package segment fell 7.3 percent year-over-year in the fourth quarter to $3.2 billion. Daily export shipments for the segment inched up slightly by 0.2 percent from the fourth quarter of 2014, led by mid-single digit growth in the Europe and Americas regions. However, the segment’s daily import deliveries during the fourth quarter fell 2.5 percent year-over-year.
   The Supply Chain & Freight segment’s revenues totaled $2.6 billion for the fourth quarter, a 6 percent increase from the fourth quarter of 2014. “The inclusion of Coyote Logistics revenue for the full quarter more than offset the impact of softer markets, lower fuel surcharges and actions to improve revenue quality in the other business units,” UPS said.
   Looking ahead, UPS expects a diluted earnings per share of $5.70 to $5.90 for the full-year of 2016, UPS Chief Financial Officer Richard Peretz said.