UPS today reported operating profit in the first quarter of 2013 was $1.58 billion, up slightly from $1.57 billion in the first quarter of 2012.
During the quarter, UPS reported a $36 million after-tax gain related to its attempted acquisition of TNT. This amount includes a $213 million after-tax currency gain from liquidating a foreign subsidiary, mostly offset by a $177 million after-tax charge for the termination fee and other transaction-related costs.
Quarterly revenue was $13.43 billion, increasing 2.2 percent from $13.14 billion in the same quarter in the previous year. U.S. domestic package revenue in the first quarter totaled $8.27 billion, improving 3.4 percent year-over-year from $8 billion, while international package revenue was $2.98 billion, versus $2.97 billion in the first quarter of 2012. Quarterly revenue from UPS’s supply chain and freight business rose 0.9 percent from $2.17 billion in 2012 to $2.18 billion in 2013.
Meanwhile, UPS delivered an average of 16.2 million packages per day in the first quarter of 2013, rising 4.1 percent from the same period last year.
“January started strong, benefiting from the post-holiday season,” said Kurt Kuehn, UPS CFO, in a written statement. “The pace of growth for the remainder of the quarter was in line with our expectations.”