UPS (UPS) Q4 2024 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Mon, January 26, 2026 astatine 11:20 AM CST 66 min read

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Thursday, January 30, 2025 astatine 8:30 a.m. ET

• Chief Executive Officer — Carol B. Tomé

• Chief Financial Officer — Brian Dykes

• President, U.S. Operations — Nando Cesarone

• President, U.S. Marketing and Experience — Matt Guffey

• Chief Financial Officer, Corporate — PJ Guido

• President, International, Healthcare and Supply Chain Solutions — Kate Gutmann

PJ Guido: Good morning, and invited to the UPS 4th fourth 2024 net call. Joining maine contiguous are Carol Tomé, our CEO; Brian Dykes, our CFO and a fewer further members of our enforcement enactment team. Before we begin, I privation to punctual you that immoderate of the comments we'll marque contiguous are forward-looking statements wrong the Federal Securities Laws and code our expectations for the aboriginal show oregon operating results of our company. These statements are taxable to risks and uncertainties, which are described successful our 2023 Form 10-K and different reports we record with oregon furnish to the Securities and Exchange Commission. These reports, erstwhile filed, are disposable connected the UPS Investor Relations website and from the SEC.

Now fto maine stock a reporting alteration we person made betwixt concern segments. Effective with the 4th fourth of 2024 USPS Air Cargo results person been moved from proviso concatenation solutions to the U.S. home segment. We made this alteration to align with our absorption operation and to simplify intercompany allocations and reporting. This alteration is disposable successful the web schedules that person been posted connected the UPS Investor Relations website. Not that U.S. home gross per portion and outgo per portion metrics are not impacted by this alteration arsenic USPS transacts with america connected a value ground not connected a per portion basis. Unless stated otherwise, our treatment contiguous refers to non-GAAP adjusted results.

For the 4th fourth of 2024, GAAP results see a non-cash after-tax mark-to-market pension complaint of $506 million. Total after-tax translation strategy costs of $73 million, after-tax plus impairment charges of $46 million, and an after-tax outgo related to the withdrawal from a multi-employer pension program of $14 million. The after-tax full for these items is $639 cardinal oregon $0.74 per diluted share. Additional details regarding year-end pension charges are included successful the appendix of our 4th fourth 2024 net presumption that is posted to the UPS Investor Relations website. A reconciliation of non-GAAP adjusted amounts to GAAP fiscal results is disposable successful today's webcast materials. These materials are besides disposable connected the UPS Investor Relations website.