UPS Boosts Annual Revenue Target to $92.6 Billion

United Parcel Service is now projecting full-year consolidated revenue of approximately $92.6 billion. This figure marks an upward revision from the company’s previous expectation of $91.2 billion. The adjustment follows strong third-quarter results reported on Tuesday.

For the quarter ended Sept. 30, UPS delivered adjusted earnings per share of $1.69. Analysts surveyed by LSEG had forecast a lower figure of $1.63. Total revenue for the period reached $22.9 billion, surpassing the $22.29 billion consensus estimate. Net income stood at $1.16 billion, or $1.37 per share, down from $1.31 billion, or $1.55 per share, in the same period last year.

The company attributed the revenue growth to strong performance across its segments. Domestic revenue increased by 4.5%, while international revenue rose by 7.1%. The supply chain solutions division saw the steepest climb, with revenue up 18.2%. UPS cited growth in forwarding and logistics, particularly within the healthcare sector, as the primary driver for that segment.

These results exceeded the company’s own earlier internal forecasts. UPS had previously predicted flat domestic revenue for the third quarter. It had also anticipated a decline in average daily domestic volume due to seasonal patterns and a gradual reduction in Amazon shipments. The actual figures indicate a stronger performance than management initially modeled.

CEO Carol Tomé stated that the company is entering the holiday shipping season from a position of strength. She described the network as the most automated and efficient in the company's history. Shares of UPS rose slightly in premarket trading following the announcement.

The guidance raise is the second consecutive period where the company has improved its outlook. Tomé has been leading a turnaround focused on a leaner business model and automation. The updated fourth-quarter revenue projection stands at $25.7 billion.