2024-07-23 11:17:08 ET
United Parcel Service, Inc. (UPS)
Q2 2024 Earnings Conference Call
July 23, 2024 08:30 AM ET
Company Participants
PJ Guido - IR
Carol Tome - CEO
Brian Dykes - CFO
Matt Guffey - EVP & Chief Commercial & Strategy Officer
Nando Cesarone - EVP & President U.S.
Kate Gutmann - EVP & President International, Healthcare and Supply Chain Solutions
Conference Call Participants
Tom Wadewitz - UBS
Jordan Alliger - Goldman Sachs
Ken Hoexter - Bank of America
Ravi Shanker - Morgan Stanley
Scott Group - Wolfe Research
David Vernon - Bernstein
Chris Wetherbee - Wells Fargo
Bruce Chan - Stifel
Brian Ossenbeck - JPMorgan
Conor Cunningham - Melius Research
Bascome Majors - Susquehanna
Presentation
Operator
Good morning. My name is Stephen and I will be your facilitator today. I would like to welcome everyone to the UPS Investor Relations Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise and after the speakers’ remarks there will be a question-and-answer period. [Operator Instructions]
It is now my pleasure to turn the floor over to your host, Mr. PJ Guido, Investor Relations Officer. Sir, the floor is yours.
PJ Guido
Good morning and welcome to the UPS Second Quarter 2024 Earnings Call. Joining me today are Carol Tome, our CEO; Brian Dykes, our new CFO, and a few additional members of our executive leadership team.
Before we begin, I want to remind you that some of the comments we'll make today are forward-looking statements within the Federal Securities Laws and address our expectations for the future performance or operating results of our Company. These statements are subject to risks and uncertainties, which are described in our 2023 Form 10-K and other reports we file with or furnish to the Securities and Exchange Commission. These reports, when filed are available on the UPS Investor Relations website and from the SEC.
Unless stated otherwise, our discussion today refers to adjusted results. For the second quarter, GAAP results include an after-tax charge of $120 million or $0.14 per diluted share, comprised of a one-time payment of $94 million to settle an international regulatory matter, and transformation and other charges of $26 million. A Reconciliation to GAAP financial results is available on the UPS Investor Relations website and also available in the webcast of today's call....
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United Parcel Service, Inc. (UPS) Q2 2024 Earnings Call Transcript