UPS Accelerates Transformation Of Its Smart Logistics Network
21 Février 2017 - 4:15PM
UPS® (NYSE:UPS) today provided an update to its multi-year growth
strategies, transportation and operations network transformation,
and provided long term financial targets during the company’s
investor conference in New York City.
Senior executives discussed topics central to the theme of the
conference; Invest. Grow. Deliver. The company’s plans
include:
- Accelerating investment in its next-generation “Smart Logistics
Network”
- Leveraging the capital efficiency of the company’s global
business model
- Capturing market growth for on-line B-to-B and B-to-C
customers
- Investing aggressively in automation to drive improved
performance
- Providing customers with innovative solutions that drive their
future growth
- Deepening and widening capabilities in developed and emerging
markets
- Delivering long-term UPS shareowner value
“Over the next several years, you will see the most sweeping
transformation of our network in its history,” said David Abney,
UPS chairman and CEO. “We are adding more flexible capacity, more
technology, more capabilities and becoming more efficient,
ultimately to improve customer and shareowner value.”
The company also announced plans to expand its U.S. delivery and
pickup schedule to include six days for ground shipments. UPS
will offer Saturday delivery options to the largest metropolitan
areas and has started rollout throughout the U.S.
At the conference, Chief Financial Officer Richard Peretz
provided the company’s 2017 outlook and updated the 2018 and 2019
financial objectives. Peretz also commented on plans for
continued UPS revenue and margin expansion.
The company provides guidance on an adjusted (non-GAAP) basis
because it is not possible to predict or provide a reconciliation
reflecting the impact of future pension mark-to-market adjustments,
which would be included in reported (GAAP) results and could be
material.
Highlights for the 2018 and 2019 long-term financial targets
are:
- Revenue growth 4% to 6% over the period
- Adjusted diluted earnings per share up 5% to 10%
- Planning $1 billion to $1.8 billion in annual share
repurchases
Peretz also outlined plans for capital investments of 6% to 7%
of revenue annually.
“The strong financial hallmarks of UPS remain unchanged,” said
Peretz. “We are great stewards of capital, generate strong cash
from operations and have a generous shareowner distribution
policy.”
“We continue to deliver the highest operating margins in the
industry,” continued Peretz. “This legacy combined with our future
growth prospects makes UPS a high-quality investment today, and for
years to come as we build the smart logistics network.”
Abney and Peretz were joined at the conference by Jim Barber,
president, UPS International; Alan Gershenhorn, executive vice
president and chief commercial officer; Myron Gray, president, U.S.
operations; Kate Gutmann, senior vice president, worldwide sales
and solutions; Juan Perez, chief information officer and Mark
Wallace, senior vice president, global engineering and
sustainability.
Presentation materials from the conference, which was publicly
available through a live webcast, and the webcast replay are
available on the UPS Investor Relations website.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including the transportation of packages
and freight; the facilitation of international trade, and the
deployment of advanced technology to more efficiently manage the
world of business. Headquartered in Atlanta, UPS serves more than
220 countries and territories worldwide. The company can be found
on the Web at ups.com® and its corporate blog can be found at
Longitudes.ups.com. To get UPS news directly, visit
pressroom.ups.com/RSS.
# # #
Forward-Looking Statements
Except for historical information contained herein, the
statements made in this release constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements, including statements regarding the
intent, belief or current expectations of UPS and its management
regarding the company's strategic directions, prospects and future
results, involve certain risks and uncertainties.
Certain factors may cause actual results to differ materially
from those contained in the forward-looking statements, including
economic and other conditions in the markets in which we operate,
governmental regulations, our competitive environment, negotiation
and ratification of labor contracts, strikes, work stoppages and
slowdowns, changes in aviation and motor fuel prices, cyclical and
seasonal fluctuations in our operating results, and other risks
discussed in the company's Form 10-K and other filings with the
Securities and Exchange Commission, which discussions are
incorporated herein by reference.
Steve Gaut, Public Relations
404-828-8787
Scott Childress, Investor Relations
404-828-7957
United Parcel Service (NYSE:UPS)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024
United Parcel Service (NYSE:UPS)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024